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Pacific Alliance seeks to harmonize Latin American trade

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By: Marco N. Yurén Chile, Colombia, Mexico and Peru, members of the Pacific Alliance (PA), together account for 35 percent of Latin America’s Gross Domestic Product, 47 percent of its total exports, and received 46 percent of its foreign investment. Now they should be looking for mechanisms to increase the combined investments in every sector that strengthen this integration. “This means harmonizing the trade agreements and country of origin rules in each country,” said Joaquim Tres, a leading specialist in trade and integration at the Inter-American Development Bank (IDB). The IDB says the PA member countries are growing at a […]
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