Chile, Colombia, Mexico and Peru, members of the Pacific Alliance, have a deadline of six months to sign the Pacific Alliance treaty, taking another step towards becoming an engine of development in Latin America.
During the Second Summit of the Pacific Alliance held Sunday at the Siglo XXI Convention Center in the Mexican city of Merida, the four nations agreed on a number of measures to advance progressively towards the free circulation of goods, services, capitals and people.
A deadline of six months was set for the rulers of Mexico, Felipe Calderon, Chile, Sebastián Piñera, Colombia, Juan Manuel Santos, and Peru, Ollanta Humala, represented by Foreign Minister Rafael Roncagliolo, to sign the treaty establishing the Pacific Alliance.
The summit will be held next June in Chile, where heads of state must sign the framework agreement for the founding of the Alliance, which aims to be at the forefront of development in Latin America and become the main economic partner in the region worldwide.
In the Mérida Declaration, the leaders also instructed their ministers of trade and foreign affairs to start negotiations on Electronic Trade in conjunction with the Free Trade Agreements in force between the countries in the Alliance.
They will also start work on technical obstacles to trade in regard to transparency, regulatory and technical cooperation and good regulatory practices in 2012.
Other objectives include the establishment of a system of certification of electronic origin; the start of work for the implementation of the Authorized Economic Operation and subsequent mutual recognition for the local implementation of Single Desks and the definition of the mechanism for their subsequent inter-operability.
Also, the start of negotiations in 2012 in regard to the universe of goods tariffs and the mechanism for the accumulation of origin, bearing in mind existing sensitivities in both processes, in order to begin their implementation in 2013.
Moreover, the countries agreed to implement sanitary and phytosanitary measures to facilitate trade between countries in 2012, establish and operate a Pacific Alliance visa within a period of three months to facilitate the movement of business persons.
They also aim to advance towards the reduction or exemption of costs of migratory services and rights, initiatives such as vacation and work programs for young travelers, facilitate the movement of passengers in airports and consular cooperation issues.
The four nations are to begin negotiations to establish a platform of academic and student mobility and intensify political dialogue and agreement on the basis of the democratic principles, values and convictions that link them.
Representatives from the four countries will hold a virtual summit on 5 March 2012. (Andina - South America News)
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