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Regional Integration in Latin America - The Pacific Alliance a Way Ahead
Journal Articles, Spanish

The Pacific Alliance: Is It an Strategic Commitment for the Colombian Foreign Policy?

Abstract:
The article develops a comparative study of bilateral treaties of the members of the Pacific Alliance with China, South Korea and Japan since 1990. This field of study has been little explored; hence the article seeks to provide a first approach with special emphasis on trade relations. Therefore, the document presents a comparison between main indicators of foreign trade and the bilateral treaties with Asian counterparts. Afterwards, it focuses on the use that can be given to rules of origin within the Alliance. The text concludes that Colombia, due to its position among its partners of the Alliance, can make use of cumulation as a strategy of short and medium term to promote and diversify international trade.

Resumen:
En el presente artículo se desarrolla un estudio comparado de los tratados bilaterales de los países de la Alianza del Pacífico con China, Corea del Sur y Japón, desde 1990. Como este campo de estudio ha sido poco explorado, se busca brindar una primera aproximación con énfasis en las relaciones comerciales.

En el documento se presenta una comparación de los principales indicadores de comercio exterior y los tratados bilaterales con las contrapartes asiáticas. Partiendo de esto, se enfoca en el aprovechamiento que pueden tener las normas de origen en el marco de la Alianza. A partir de lo anterior, se concluye que Colombia, por su posición entre sus socios de la Alianza, puede hacer uso de la acumulación como una estrategia de corto y mediano plazo para promover y diversificar el comercio internacional.

Authors: Ricardo Coutin and José Miguel Terán
Spanish Title: La Alianza del Pacífico: ¿apuesta estratégica de la política exterior colombiana?
Full document: 2016, Coutin & Terán, La Alianza del Pacífico- ¿Apuesta Estratégica de la Política Exterior Colombiana?

March 10, 2016by Ana Maria Palacio
English, Working Papers

The Pacific Alliance and its Economic Impact on Regional Trade and Investment –Evaluation and Perspectives

Abstract:
The entry into force of the Additional Protocol of the Framework Agreement of the Pacific Alliance in May 2016 marked an important step towards the regional integration efforts of its four members: Chile, Colombia, Mexico and Peru. In addition to promoting trade and investment linkages among its members, a core objective of the Pacific Alliance —and what distinguishes it from other regional integration efforts in Latin America— is to serve as a platform for economic and commercial integration between Latin America and the Asia-Pacific. It is, therefore, of particular interest to evaluate current economic developments taking part in modern Latin America and their impact upon these integration efforts.

The data of bilateral flows of trade in goods at the product and sector level, together with the study of trade in services as well as foreign direct investment, reflect the strong links within the Pacific Alliance. It also reveals the potential to further increase its members’ participation in regional and global value chains.

The Additional Protocol will serve not only to eliminate tariffs for nearly 95% of intraregional imports but also to foster economic integration through cumulation of origin and trade facilitation.
The Pacific Alliance faces several challenges in the medium-term. First, it must successfully incorporate Costa Rica as a full member, the first accession since the Pacific Alliance was established.
Further, it must define how to fulfil one of its driving forces: to serve as a bridge between Asian and Latin American countries on both sides of the Pacific.

Authors: José Durán Lima and Daniel Cracau
Institutional author: Economic Commission for Latin America and the Caribbean (ECLAC)
Full document: 2016, Duran & Cracau, The Pacific Alliance and its economic impact on regional trade and investment

March 10, 2016by Ana Maria Palacio

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Hello my name is Ana Maria Palacio. I have a PhD from the University of Melbourne. This blog is about my thesis project, the Pacific Alliance.

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