Efforts are growing to minimize the impact of the possible signing of the Trans-Pacific Partnership Agreement, and a tariff reduction program with long deadlines for sensitive products has been proposed.
As negotiations proceed to sign the Trans-Pacific Partnership Agreement (TPP), the textile industry in El Salvador is stepping up its efforts to maintain the conditions of the CAFTA treaty and minimize the impact that the TPP will have on the sector in the long term. One of the main risks is that "... Vietnam could introduce products from China and then export them tariff-free to the United States, which would give them a huge competitive advantage. "
The entry being prepared by the government into the Pacific Alliance will bring more market opportunities but also the requirement for more competition.
Currently the country is an observer of the Pacific Alliance and it is possible that at some point it will become part of the block, but that will not happen anytime soon.
The Trans-Pacific agreement being negotiated by the U.S. could authorize Vietnam to get threads from China and export duty-free textiles to the North American nation.
The Ambassador of El Salvador in that country, Ruben Zamora, has already raised concerns with officials from the U.S. trade office (USTR). Zamora affirmed that representatives from textile companies have visited the U.S. and plan to make more visits in order to draw attention to the situation.
The inclination of Latin American governments when deciding which commercial block to join, is clearly marked by their ideological distinctions.
Editorial
While describing the launch of the Pacific Alliance as a "successful exercise in media diplomacy" in an analysis of the issue in his article in Lanacion.com.ar, Alejandro Rebossio highlights the features of this block and those of Mercosur, noting that in just one year of existence, the Pacific countries have achieved more in institutional and commercial integration, than the Atlantic block.
The Pacific Alliance is now operating and producing results which are favorable to the development of the nations which compose it, and it is a natural environment for Central American countries to be integrated into.
Editorial
The very apt comparison made by analyst Andres Oppenheimer between the economic blocs Mercosur-Argentina, Brazil, Paraguay, Uruguay and Venezuela-, and the Pacific Alliance-Chile, Colombia, Mexico and Peru (soon to also include Costa Rica) - shows the major conceptual differences between one group and another, and the concrete results generated for the development of their people.
The members have unanimously accepted the integration of Honduras as an Observer Member of the Pacific Alliance along with Ecuador, El Salvador, France, Paraguay Portugal and the Dominican Republic.
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