What Pacific Alliance/meaning/concept
In international relations, nations establish treaties and agreements to jointly defend their interests. The strength of a country is measured by its own resources and, at the same time, by its ability to ally itself with other countries. In the Latin American context there are several supranational institutions and one of them is the Pacific Alliance.
The member states are: Chile, Colombia, Mexico and Peru. Their alliance began in 2011 at the initiative of Colombian President Juan Manuel Santos.
The main objective is the economic growth of its member states. It should be noted that the four founding states represent fifty percent of all exports in the context of Latin America. Pacific Alliance
One of the first measures adopted after the signing of the agreement was the elimination of visas for all citizens of the integrated and participating countries. Currently, the authorities of each member country exchange information to prevent crimes, promote the exchange of university students and facilitate technological exchange.
An organism open to new incorporations
In recent years, the Pacific Alliance incorporated new members in the quality of observers, including Finland, Israel, Morocco and Singapore. Likewise, there are countries that participate as collaborators, for example, the United States, Panama, Canada, Germany and Italy. This opening manifests the non- excludable will of the organism. Pacific Alliance
The role of the Pacific Alliance in international geopolitics
From a geopolitical point of view, it was founded to establish a balance with two geographically close entities: the Bolivarian Alliance for America (ALBA) and the Southern Common Market (Mercosur).
In recent years there has been a process of trade liberalization . In this general context, bilateral agreements were promoted among its members with the aim of expanding their markets. In this regard, it should be noted that Chile, Colombia, Peru and Mexico are interested in boosting their exports in Asia and by establishing this alliance their export capacity is greater. Pacific Alliance
The challenges of this supranational body are several:
1) gradually reduce tariffs between member states;
2) improve export-related infrastructure, especially ports;
3) create common strategies to improve issues such as free competition , intellectual property, labor regulations and potential trade disputes;
4) attract foreign investment .
All these challenges have a general objective: to make the population of this region enjoy higher levels of economic well-being.