This afternoon, the X Summit of the Pacific Alliance will start. At 4:00 pm, the ministers of Chile, Peru, Colombia and Mexico will begin the meetings, as well as officials and entrepreneurs in these member countries.
From Wednesday 1 to Friday 3 July, they will also meet in Paracas representatives of 32 observer countries and the Development Bank of Latin America (CAF), the European Union (EU), the Inter American Development Bank (IDB) and the Organization for Economic Cooperation and Development (OECD).
Agenda
The summit will start with the High Level Group (HLG), made up of deputy ministers of Foreign Trade and Foreign Affairs of the four member countries.
Tomorrow, the ministers will meet portfolios mentioned. Also, the Council of Ministers will meet in a special session with the 32 observer States and four international organizations.
In parallel will be held the CEO Leadership Conference: CEO Summit of the Pacific Alliance – Leading growth, with the participation of businessmen and ministers of the portfolios of Foreign Trade, Economy and Finance, Production and Education of the member countries .
Hence, the progress and prospects of the Pacific Alliance for innovation, economic and social competitiveness, education and business leadership role in economic growth will be analyzed.
Finally, the presidents Michelle Bachelet (Chile), Juan Manuel Santos (Colombia), Enrique Peña Nieto (Mexico) and Ollanta Humala (Peru) will meet on Friday and sign the Declaration of Paracas, where new initiatives and agreements to be reflected Pacific Alliance.
Opportunity
Peru was manager and developer of this Summit, which eventually begin today in the province of Ica.
For the CCL, the current challenge of the Pacific Alliance is consolidated internationally.
The union notes that the presidency of Ollanta Humala in the block, which starts this Friday and will culminate in a year, should make the Pacific Alliance “stop being a promise and become a reality,” as it generates investment capacity, growth and attracting business and investment at the highest level.
In the business forum of the summit, the advantages of the Free Trade Agreement (FTA) of the Pacific Alliance, which will take effect on July 20 will also be discussed.
With this commercial agreement, Peru will access a market of over 200 million people with zero tariffs for most products. So far, preferential access already reaches 92% of tariff lines.
According to a report by BBVA Research, Peru has 59 industrial sectors with potential to be exploited through trade with Chile, Colombia and Mexico. Of these 59 items, 25 are relevant in our bilateral trade with Chile, 24 in Colombia and 10 in Mexico.
