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Mexico: Leaders arrive as 13th Pacific Alliance Summit kicks off03:02

Mexico: Leaders arrive as 13th Pacific Alliance Summit kicks off

Mexico, Puerto Vallarta
July 25, 2018 at 06:18 GMT +00:00 · Published

Mexico hosted the 13th Pacific Alliance Summit in Puerto Vallarta on Tuesday, as the four founding members Mexico, Chile, Colombia and Peru gathered to discuss how to grow an open market into a free-trade zone in Latin America, in an effort to face protectionism.

The Alliance summit invited 50 observer states to the event, where it signed a deal with Mercosur, the South American trade bloc, and is about to add four more members: Australia, New Zealand, Singapore and Canada.

"We have signed a plan of action with the Mercosur countries. And we have intensified dialogue with the European Union countries," Colombian President Santos said.

Mexican President Pena Nieto described the Pacific Alliance Summit as "a bold effort of economic articulation and a world class example of regional integration."

Mercosur members have been trying to negotiate a trade agreement with the European Union for over 20 years. A meeting was held last week in Brussels, where they decided to delay the final deadline to September.

The summit takes place in Puerto Vallarta from July 24 to July 25.

Mexico: Leaders arrive as 13th Pacific Alliance Summit kicks off03:02
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Mexico hosted the 13th Pacific Alliance Summit in Puerto Vallarta on Tuesday, as the four founding members Mexico, Chile, Colombia and Peru gathered to discuss how to grow an open market into a free-trade zone in Latin America, in an effort to face protectionism.

The Alliance summit invited 50 observer states to the event, where it signed a deal with Mercosur, the South American trade bloc, and is about to add four more members: Australia, New Zealand, Singapore and Canada.

"We have signed a plan of action with the Mercosur countries. And we have intensified dialogue with the European Union countries," Colombian President Santos said.

Mexican President Pena Nieto described the Pacific Alliance Summit as "a bold effort of economic articulation and a world class example of regional integration."

Mercosur members have been trying to negotiate a trade agreement with the European Union for over 20 years. A meeting was held last week in Brussels, where they decided to delay the final deadline to September.

The summit takes place in Puerto Vallarta from July 24 to July 25.

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