UVU Hosts The Pacific Alliance!

Ambassador of ChileAmbassador of ColombiaAmbassador of MexicoAmbassador of Peru 

    H.E. Juan Gabriel Valdés                       H.E. Juan Carlos Pinzón                             H. E. Miguel Basañez E.                           H.E Luis Miguel Castilla

UVU Welcomes The Pacific Alliance Summit

OBJECTIVES:

  • Build, in a participatory and consensual manner, an area of deep economic integration and to move gradually toward the free circulation of goods, services, capital and persons.
  • Promote the larger growth, development and competitiveness of the Parties’ economies, aiming at achieving greater welfare, overcoming socio-economic inequality and achieving greater social inclusion of their inhabitants.
  • Become a platform for political articulation, and economic and trade integration, and project these strengths to the rest of the world, with a special emphasis on the Asia-Pacific region.

STRATEGIC VALUE:

Pacific Alliance is a strategic platform because:

  • It looks for the deep integration of services, capital, investment and movement of people.
  • It is an open and non-exclusive integration process, consisting of countries with related visions of development, and that promote free trade as a driver for growth.
  • It is a dynamic initiative with high business potential.  The combination of the member state economies is the eighth largest in the world.
  • It is focused on modernity, pragmatism and political will to establish an initiative to address the challenges required by the international economy.
  • It offers competitive advantages for international business, with a clear focus on the Asia-Pacific region.

Our Strengths(1)

  • As a whole, the Pacific Alliance constitutes the eighth largest economy and represents the seventh largest exporting entity worldwide.
  • In Latin America and the Caribbean, the block represents 36% of the GDP, concentrates 50% of the total trade and attracts 41% of the direct foreign investment that flows to the region.
  • The four countries total a population of 212 million people with an average GDP per capita of 10 thousand dollars.
  • A population, mostly young, provides a skilled labor force, in addition to an attractive market with purchasing power in constant growth.

The Pacific Alliance is Open to Free Trade:

  • Member States maintain a network of trading arrangements among themselves and with the most developed and dynamic economies of the world.
  • It promotes the exchange of trade, investment, innovation and technology with the world, with special emphasis on the Asia-Pacific region.
  • It has the potential to attract new investments to the region.
  • The Pacific Alliance has competitive advantages, in the following industries: mining, forestry, energy, agriculture, automotive, fishing and manufacturing, among others.

An Effective Environment of Cooperation that Promotes Innovative Initiatives in Areas such as:

  • Free mobility of people.
  • Preservation and respect for the environment.
  • Creation of a network of scientific research on climate change.
  • Academic and student exchange.
  • Cultural promotion.
  • Integration of securities markets.
  • Opening of joint commercial offices and participation in fairs and exhibitions at the same space.
  • Improved competitiveness and innovation of Micro, Small and Medium-Sized Enterprises.
  • Tourism.

1Figures as of 2012 with information from the WTO and the IMF

BACKGROUND:

STRUCTURE AND ORGANIZATION CHART:

  • The Presidents of the four countries are, in practice, the ultimate decision-making body of the Pacific Alliance, and they meet on an  Summits.
  • The Council of Ministers, composed of the Ministers of Foreign Trade and Foreign Affairs, has among its powers, the ability to make decisions about developing the objectives and specific actions provided for in the Framework Agreement, as well as in the presidential statements of the Pacific Alliance.
  • The High Level Group (HLG), composed of the Vice-Ministers of Foreign Trade and Foreign Affairs, is responsible for overseeing the progress of technical groups, assessing the areas in which progress can be made, and preparing a proposal for future partnerships with other regional agencies or groups, particularly in the Asia-Pacific region.
  • Technical Groups and Subgroups are composed of civil servants from the four member countries, whose role is to negotiate specific disciplines related to subjects important to the Pacific Alliance.
  • It was also decided that the President Pro Tempore of the Alliance is exercised by each of the member countries, in alphabetical order, for annual periods.
  • Organizational Chart

 

Quick Summary

The Pacific Alliance is an initiative of regional integration and trade cooperation comprised of
Chile, Colombia, Mexico and Peru, officially established on April 28th, 2011. Its objectives are:

  • Build in a participatory and consensual way an area of deep integration to move
progressively towards the free movement of goods, services, resources and people.
  • Drive further growth, development and competitiveness of the economies of its members,
focused on achieving greater well-being, overcoming socioeconomic inequality and
promote the social inclusion of its inhabitants.
  • Become a platform of political articulation, economic and commercial integration and
projection to the world, with emphasis on the Asia-Pacific region.
  • As of October 1, 2015, Peru presides over the Pacific Alliance.