It may be too early to discuss any concrete cooperation with the Pacific Alliance, given that it currently focuses on deepening internal consolidation. Nonetheless, it is necessary to build the foundation for future cooperation as the Pacific Alliance is beginning serious discussions about cooperation with the Asia-Pacific in the near future. Thus, Korea will have to draw up a medium and long-term view, rather than one in the short term.
To begin with, Korea will have to reduce the gap between the interests of Korea and the Pacific Alliance, and will have to pursue investment initiatives in the Pacific Alliance member countries in areas that encourage FDI.
Authors: Taekyoon Lim, Si Un Yi
Full document: 2014, Lim & Yi, The Emergence of the Pacific Alliance and Implications for Korea