the pacific alliance - deep integration for prosperity

7/27/2019 The Pacific Alliance - Deep integration for prosperity

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ABCThe Pacic Alliance


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The Pacic Alliance Deep infor prosperity

ThePacic Alliance is a mechanism for regional inte

by Chile, Colombia, Mexico and Peru, inApril2011.

and formal existence on 6 June 2012, with the signature o

Agreement. The process seeks to create attractive ma

member countries and enhance their competitivene

world.


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Mexico

Colombia

Peru

Chile

Australia

Spain

NewZealand

Guatem

C

Japan

El Salv

France

Portugal

Turkey

Republicof Korea

People's Republicof China

GermanyNetherlands

Switzerland

Italy

United Kingdom

Member Countries Observer CountrieThe Pac i f i c A l l i ance The Pac i f i c A l l i ance

Member-CaThe Pacic Allianc

Costa Ric

Panama


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Objectives of the Pacic Alliance:

To build, through participation and consensus, an area of deep integration that will move progressively forwardthe free circulation of goods, services, capital and persons.

To dynamize growth, development and competitiveness in the economies of the Parties, in order togreater welfare, overcome socioeconomic disparities and secure social inclusion in their societies.

To become a platform for political articulation, economic and commercial integration, and projectiworld, especially to Asia-Pacic.

The Alliance has a comprehensive agenda, determined by results already achieved in trade, in joint and co

action between promotion agencies, cooperation to strengthen the competitiveness and innovation

research in climate change, student and academic mobility and the facilitation of migration movements.


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Benets of the Pacic Alliance

(Trade, investment and services)

Chile, Colombia, Mexico and Peru have solidinstitutional structures and systems of regular governments; their markets are dynamic and globafavourable conditions for investment.

According to the World Banks Doing BusinessAlliance countries rank first, third, fourth and

32 nations of Latin America and the Caribbeanbusiness1.

1The ranking represents scores for ten issues related to the easehigher the ranking, the more favourable the business environm


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Economic matters

The Gross Domestic Product (GDP) of the Pacific Alliance countries represents 36% of the GDP ofand the Caribbean. Average growth was 5% in 2012, compared to a world level of 3%.

The four countries in the Alliance enjoy strong economic stability.

The average rate of unemployment in Alliance countries is 7% .

The principal exports of the Alliance countries are fuels andminerals, agricultural products angoods. Their offer thus complements that of the Asia Pacic markets.

In 2012 the Alliance countries represented 41% of total foreign investment ows in Latin Caribbean.

Intra-regional trade between the Alliance countries represents 4% of their total foreign tradegrowth potential.

The Alliance countries represented 50% of Latin Americas foreign trade in 2012, with a gro

exports and 4% in imports compared to 2011.

Source


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212Mpopulation 2012 (e) Source:

GDP

GDP growth in 20125%

About

USD9,978Average GDP Per cpita (2012)Source: IMF

Average inflation in the Alliance in 20

2,7%Source: World Bank

Tradein goods FDI (2012e)

Foreign Direct InvestmentUSD 71,045MILLIONSource: ECLAC

Tourism 201232 MILLIONEXPORTS 2012USD 555.0

MILLiON

Source: WTO

IMPORTS 2012USD 561.6MILLiON


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22 Trade Agreements

60 Countries*

15 Free Trade

Agreements62 Countries

I have absolutely no doubt in pointing to the process of the Pacic Alliance as the most impwhole history of Latin America

Juan Manuel Santos

ChileSource Ministry of Foreign Affairs, Chile.

We have now completed this Paranal Summit, which has seen the birth of the Pacic

Alliance, seeking deep integration because it goes much further than free trade issues;

it also includes the free passage of persons free trade in goods and the free movement

of investment. Furthermore, it represents a vocation and commitment by Mexico,

Colombia, Peru and Chile to join forces through this deep integration and to project

ourselves, united and with mutual support, into the world of the Asia Pacic which is

the world of today and the world of tomorrow.

1 IV Summit of the Pacic Alliance, Paranal, Antofagasta, Chile.

(*) Includes FTAs, economic association agreements, partial-scope agreements and complementation agreements

Sebastin Piera ColomSource: Ministry of Fore


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19 Trade Agreements52 Countries

The Pacic All iance promotes the integration of Chile, Colombia, Peruand Mexico as an effective instrument to speed up the developmentand welfare of their people.

Enrique Pea Nieto

(*) The agreements include FTAs, economic complementation agreements and Partial-Scope Agreements

17 Trade Agreem

50For us, the Pacic Alliance is a politicaregional integration in which what we of our peoples, and agreement that beneconomy () What we are trying to do hmechanisms that will benet the quality

Ollanta Humala

MexicoSource: Ministry of Foreign Source: Ministry of the Economy, Mexico.

Peru


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Institutional Structure:

The Pacic Alliance has technical groups responsible for a range of

issues.

Trade and Integration: regulations for tariff reductions,

rules of origin, technical barriers, health and phytosanitary

measures, facilitation of trade and customs cooperation.

Public Purchasing: commitments are made at all levels

of government for access to state procurement. Thus

Government agencies in Pacic Alliance countries can

achieve greater benets of quality and price when sourcing

goods and services.

Services and Capital: those engaged in trade and

investment are offered clear and predictable rules with

legal security to promote the trade in services and

investments, including cross-border trade in services,

e-commerce, maritime transport, telecommunications and

nancial services.

Intellectual Property: sharing o

information in order to develop jointexisting commitments in this area.

People movement and migratory

promotes the comprehensive and

persons within the Alliance.

Communications strategy: desig

communication strategies so that

will be recognized worldwide as a

integration that encourages economdevelopment, competitiveness and e

between members in the context of a

Cooperation: the objective is to develo

in a range of areas such as education, e

change, innovation, science and techn


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Regulatory Improvement: provisions to establish good

practices in order to improve regulation, economiccompetition and an enhanced business environment.

SMEs: denes support mechanisms that ensure that small

and medium businesses benet from the opportunities that

the Pacic Alliance offers as driving forces for economic

growth and the generation of employment.

Expert Commitee for the Pacic Alliance Business

Summit: considers and attends to suggestions and

recommendations made by the private sector through thePacic Alliance Business Council CEAP.

International Tax Transparency: the objective is to

develop common best practices in tax and scal matters.

Tourism: designed to strengthen and

cooperation based on the design of inincrease the ow of tourists in the Pac

External Relations: this function assis

of fruitful and ongoing dialogue

Countries and Observer States and T

promotion of the objectives of the All

Institutional Matters: regulates ins

that cut across the structure of the

differences so that the Parties can resoand efciently when problems arise

interpretation of the rules of the Allian


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SUMMITS

Council of Ministers

High Level Group

Observers

PresidentPro Tempore

Trade andIntegration Cooperacin

Peoplemovement

andmigratory

transit

facilitation

Services

and Capital

RegulatoryImprovement

AsuntosInstitucionales

ExpertCommitee

for thePacific Alliance

BusinessSummit

Public

PurchasingCooperationIntellectual

PropertyCommunication

Strategy

SMEsInternational

taxtransparency

TourismExternal

Relations GroupInstitutional

Matters

The Presidents of the four countrieorgan of decision in the process. They basis at theAllianceSummits.

The Council of Ministers, formed by Ministers and Foreign Ministers, adopting decisions to develop spec

actions contained in the Framework Pacic Alliance Presidential Declarations

The High-Level Group (HLG), formed Trade and of Foreign Affairs, responsibof the work of the technical groups, thein which progress could be made anda proposal for the projection and exteother regional organizations or groups, ePacic.

Technical groups and subgroups, formin the four Member Countries, responsdisciplines related to Pacic Alliance issues

It was also decided that the Pro-Temthe Alliance would be exercised on an Members in alphabetical rotation.


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Principal achievements of the Pacic Alliance

In August 2013 the negotiations for the commercial component were completed. This included, amongst other things, ag

tariffs on 92% of goods and services immediately, and the rest, over time. These negotiations will form part of an Additio

Framework Agreement to regulate disciplines on access to markets, rules of origin, facilitation of trade, health and phyt

technical barriers, public procurement, services, investment and disputes resolution.

An agreement was negotiated on e-commerce to strengthen, facilitate and promote the use of technologies for the trade in

There has been promotion of nancial integration through the Integrated Latin American Market (MILA), a stock Exchange

used by Colombia, Chile and Peru with no merger or corporate integration of members. Mexico is expected to join on

The Student and Academic Mobility Platform was created, granting

scholarships to students from the four countries to study in anAlliance Member Country. The results for the Contests I and II for2013 led to 256 scholarships (227 undergraduate, 29 graduate).

An agreement was signed to set up the Pacic Alliance CooperationFund.

The Scientic Research Network for Climate Change was established.

A Joint Embassy of the four countries was opened in Ghana; and aColombia/Chile Embassy was opened in Morocco. It is planned to

open others in Algeria (Colombia-Chile), AzerbaSingapore (Colombia-Mexico) and Vietnam (Co

Mexico eliminated visitor visa requirementsColombia and Peru. Peru eliminated Temporavisitors from Mexico, Chile and Colombia. Coloma Memorandum of Understanding on exonerat

The joint Promotion Agencies Ofce in Istanbuworking for a year. There are plans to open otCasablanca (Morocco) and Bombay (India).


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2010

2011 2011

2012

2013

2013 201

2012

2012

28 April:Creation of the Pacific

Alliance at the ISummit (Declarationof Lima).

Timeline

4 December:

II Summit of the PacificAlliance (Declaration of

Mrida).

5 March:III Summit of the Pacific

Alliance (virtual).

6 June:The Framework Agreement ofthe Pacific Alliance was signe(Declaration of Paranal).

17 November:

V Summit of the Pacific

Alliance (Declaration of

Cadiz).

27 January:

VI Summit of the Pacific

Alliance (Declaration of

Santiago).

23 May:

VII Summit of the Pacific

Alliance (Declaration of Cali).

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Min

ann

com

neg


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www.alianzapacifico

@A_delPa

Alianza del Pacfico/Pacific Al

the pacific alliance - deep integration for prosperity

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