PABC-CEAP: A Distinctive Feature of the Pacific Alliance Configuration?

The Pacific Alliance Business Council is a private initiative, a body comprised by several of the most representative business people in each of the member states of the Pacific Alliance. The Council has advisory roles formulating recommendations and suggestions to the governments and business unions about the Pacific Alliance and ways to enhance cooperation among the members.

Since its official establishment the Business Council has promoted an ambitious agenda for the integration scheme to develop and many of its initiatives have been channeled with the creation of technical groups entrusted with the role of reviewing and implementing its proposals. They include topics from financial integration to taxation, education, entrepreneurship and innovation.

The Business Council could become a distinctive feature of the Pacific Alliance since the early support to the integration scheme is a key to develop integration from the bottom to the top.

Integration in Latin America has been a process mainly driven by the governments, but PABC could mean a change to this traditional path.

The Framework Agreement entered into force on the 20th July 2015!

The Agreement of the Pacific Alliance, signed by the state parties on the 6 June 2012, has finally entered into force after states finished the domestic process of incorporation.

This is an important step towards the consolidation of the integration scheme since the agreement defines the basic principles, objectives and institutional structure.

We expect the state members will soon finish the incorporation process that could make the Commercial Protocol legally binding and fully operational.

Interview with SBS in Spanish discussing the recent progress made by the Pacific Alliance, its institutional challenges and the lessons learned from previous integration processes in the region.

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Presidents of the Pacific Alliance Met Yesterday for the X Presidential Summit in Paracas, Peru.

The Presidents of Chile, Colombia, Mexico and Peru met on the 2 July 2015 for the X Presidential Summit of the Pacific Alliance.
The second body in charge, Council of Ministers also met in its XIV session.

During the meeting Peru received the pro-temprore presidency of the group from its partner Mexico which it will hold for a year.

A Presidential Declaration setting the steps forward is expected to be issued.
The general Pacific Alliance Summit was held from the 1-3 July with observer states and international organizations such as the Inter-American Development Bank and the Development Bank of Latin America participating on it. During the general meeting representatives of the entrepreneurial and business sector gather in the Business Council of the Pacific Alliance (CEAP Spanish Acronym).

Eyes are put on the progress of the integration scheme and expectations raised with time!
sources:

alianzapacifico.net
www.sela.org

Deadlines on the 30th June

• Conference and Call for Papers on The Pacific Alliance in a World of Preferential Trade Agreements

By: World Trade Institute, Universidad Externado de Colombia and University of Bern

Link to full information: http://www.transnational-dispute-management.com/news/20151119.pdf

• The Future of Transatlantic Economic Governance in the Age of the BRICS

Photo courtesy of twobee at FreeDigitalPhotos.net