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

Trade and the Development of the Pacific Alliance

Abstract:
The Pacific Alliance is a process of deep integration among Colombia, Chile, Peru and Mexico, which aims to build a free trade area and to project into the Asia-Pacific region, in order to enhance existing trade agreements among the members. There is no deep trade relationships among these four countries, despite having regional agreements since the 1990s, as demonstrated by the low volume of reciprocal exports and imports, in addition to the low indicator of intra-industrial trade. In this paper, intra-regional trade index is calculated among the countries of the Pacific Alliance, evidencing low indicators, but with a growth, encouraged by reciprocal or unilateral policies of commercial openness, and by an environment favoring economic growth throughout the region.

Resumen:
La Alianza del Pacífico es un proceso de integración profundo conformado por Colombia, Chile, Perú y México, que pretende construir un área de libre comercio y proyectarse hacia la región de Asia-Pacífico, con el fin de potenciar acuerdos comerciales preexistentes entre sus miembros. Entre estos cuatro países existe una relación comercial no tan profunda, a pesar de contar con acuerdos regionales desde la década de los noventa, lo que se demuestra por los bajos volúmenes de exportaciones e importaciones recíprocos, además del bajo indicador del comercio intraindustrial.
En este trabajo se calcula el índice de comercio intrarregional entre los países de la Alianza del Pacífico y se muestran indicadores bajos, pero con un crecimiento, fomentados por las políticas de apertura comercial, recíprocas o unilaterales, y por un entorno de crecimiento económico favorable para toda la región.

Author: José Armando Hernández Bernal and Luis Guillermo Muñoz Angulo
Spanish Title: Comercio y evolución de la Alianza del Pacífico
Full document: 2015, Hernández & Munoz, Comercio y Evolucion de la Alianza del Pacifico

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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