Colombia is a member of the Alianza del Pacífico or Pacific Alliance, which consists of Chile', Peru, Mexico, and Colombia. Costa Rica is in the process of joining the group and Canada is considering moving from Observer status to an Observer/Candidate, with membership to come thereafter.
Free trade, economic integration, a visa-free travel area, common diplomatic representation, and a dramatic furtherance of free trade with "a clear orientation toward Asia" are current and stated goals for these countries.
According to Wikipedia, the four founding nations of the Pacific Alliance represent nearly 36% of Latin American GDP. If counted as a single country, these nations would be the sixth largest economy in the world, with a GDP of more than $3 trillion USD. When Canada and Costa Rica are added, this trade bloc will rival any in the world for global economic power!
According to the World Trade Organization (WTO), the countries of the Pacific Alliance together exported about $445 billion in 2010, almost 60% more than Mercosur, the other predominant Latin American trade bloc. Individually and collectively, the core countries of the Pacific Alliance have been deemed “The Pacific Pumas” by political scientists, for their model of economic and political development.
Free trade, economic integration, a visa-free travel area, common diplomatic representation, and a dramatic furtherance of free trade with "a clear orientation toward Asia" are current and stated goals for these countries.
According to Wikipedia, the four founding nations of the Pacific Alliance represent nearly 36% of Latin American GDP. If counted as a single country, these nations would be the sixth largest economy in the world, with a GDP of more than $3 trillion USD. When Canada and Costa Rica are added, this trade bloc will rival any in the world for global economic power!
According to the World Trade Organization (WTO), the countries of the Pacific Alliance together exported about $445 billion in 2010, almost 60% more than Mercosur, the other predominant Latin American trade bloc. Individually and collectively, the core countries of the Pacific Alliance have been deemed “The Pacific Pumas” by political scientists, for their model of economic and political development.