ISDS Case Map
Pacific Alliance
Trade bloc currently composed of Chile, Colombia, Mexico and Peru.
The Legislative Assembly of Costa Rica has approved the country's Free Trade Agreement with Colombia, a prerequisite for Costa Rica to gain admittance into the Pacific Alliance group, composed of Mexico, Colombia, Peru and Chile.
On February 8-10, the Pacific Alliance holds its eighth summit in Cartagena, Colombia. During the event, the presidents of Chile, Colombia, Peru, and Mexico will sign a free trade agreement to eliminate tariffs on 92 percent of trade goods between the countries. The notable exclusion is agriculture.
Panama has signed a free trade agreement with Colombia, making a step forward to join the Pacific Alliance.
Brazil's government is ready to present a proposal that would put 90% of its commerce with the European Union under a free-trade agreement, but the effort could stall on resistance from the country's existing partners in the regional Mercosur trade bloc.
If Paraguay were to enter the Pacific Alliance with its current distribution of land and no progress towards land reform, those who currently hold land—agribusinesses and local elites—will continue to reap the benefits while continuing to displace workers and exacerbating slum conditions in larger cities.
In many ways, the Pacific Alliance represents a resurgence of the failed U.S. initiated FTAA which was part of an agenda to consolidate corporate control.
Two projects of regional association are facing off in South America: the Pacific Alliance and UNASUR.
En el marco de la cumbre Celac, la zona del pacífico firmó un acuerdo que consiste en cerrar un acuerdo arancelario antes del 31 de marzo de este año, lo que significa que el 90% de los productos van a quedar liberados de todo tipo de arancel en el comercio entre estos países.
