March 1, 2021

Enlargement, environment and free trade, keys of the Pacific Alliance Summit

The expansion to new associated states, the inclusion of environmental issues and innovation as central to the block and measures to deepen and defend free trade both within and outside the organization centered the Fourth Summit of the Pacific Alliance that ended this Saturday in Lima .

This is clear from the Declaration of Lima, document that the presidents of Chile, Sebastián Piñera; Colombia, Iván Duque, and Peru, Martín Vizcarra, signed along with the Foreign Minister of Mexico, Marcelo Ebrard, and that collects the agreements reached and the subjects considered priority by the commercial block.

There, the leaders expressed their satisfaction with the achievements obtained over the eight years of existence of the integration mechanism and underlined their "conviction" to continue promoting free trade as a means to "generate greater competitiveness and development" in their respective countries. .

With the stated goal of the block becoming more integrated, more global, more connected and more citizen, "the group was convinced that during this year the trade negotiations with Australia, Canada, New Zealand and Singapore will be concluded, specify its entry as Associated States to the Alliance, as well as define with South Korea the terms of reference for its accession.

They highlighted and welcomed Ecuador as a new candidate for the Associated State, "with a view to its future membership as a full member," which will constitute "an important step for the strengthening of the Alliance."

The commitment to environmental issues, which were included in a specific declaration on the sustainable management of plastics, and the support to develop the circular economy in the group, was also welcomed and recognized by the leaders.

Fishing, defense of the sea, oceans and their natural resources for sustainable development issues also entered into the agenda of the association, as well as support for the implementation of the Paris Agreement, and the agreements of COP 24.

The group was also categorical in its defense of free trade and insisted on being "firmly convinced of the importance, predictability and solidity that the World Trade Organization (WTO) gives to international trade."

In this sense, and "aware of the need to continue moving towards the free circulation of goods, services, capital and people," the presidents agreed to promote priorities such as trade facilitation and the creation of trade single windows, as well as the development of an electronic platform for the disclosure of standards in this field.

The integration of SMEs into global commerce and boost their financing and digitization, was also an issue that will be defended by the Alliance.

Deepening regulatory alignment and advancing its implementation, is another point they considered a priority, as well as promoting entrepreneurship, relying on new technologies and ways of working, which must also be promoted in the financial field.

The use of public-private partnerships to develop infrastructures is another key aspect that the presidents pointed out in their declaration.

Finally, they were determined to promote the incorporation and monitoring of the gender approach in all the technical groups of the Pacific Alliance, as well as in their programs and activities, with special emphasis on the structural barriers faced by women entrepreneurs.

(tagsToTranslate) Enlargement (t) environment (t) Summit (t) Alliance (t) Pacific

Source link