The Pacific Alliance, a block comprised of Peru, Chile, Colombia and Mexico, would have a significant economic impact and may exceed Southern Common Markets (Mercosur) due to its huge trade potential, ambassador Hugo de Zela estimated Tuesday.
De Zela said that the alliance has a specific economic weight, and at commercial level, a billion dollar sales potential.
In this sense, he stressed that Peru’s President Ollanta Humala and his counterparts in Chile, Mexico, and Colombia approved Monday in a virtual summit, the agreement of Pacific Alliance.
"The Pacific Alliance is a very important step that could have an economic impact which may exceed the Mercosur," De Zela said to Andina.
The ambassador also highlighted that the economic outlook of the alliance is very important, as Peru, Chile and Mexico are members of the Asia - Pacific Economic Cooperation Forum (APEC), and Colombia seeks to join said forum. (Andina . South America News)
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