March 9, 2021

Technology and human capital, axes for competitiveness of the Pacific Alliance

Colombia, Chile, Mexico and Peru seek the path to improve competitiveness and become the investment and trade platform of Latin America, through the adoption of new technologies, the strengthening of human capital and standard regulations, said Thursday during the Summit Business of the Pacific Alliance in Lima.

The Business Council of the Pacific Alliance presented recommendations to governments for the digital economy to reach specific issues such as digital signatures and common procedures, such as the single window, the president of the Promperú state office, Luis Torres, told Efe.

"The Alliance is the seventh exporting force, however it has the challenge of increasing intranational trade, which still stands at 7 or 8%, unlike other spaces, such as the European Union, which has a very strong internal trade" added Torres.

The great advantage of the Alliance, according to Torres, is that it has been linked abroad "in a great way".

"In fact, Peru together with Chile are from the countries that have the best commercial invoices and this is an opportunity for SMEs, which can receive benefits through the improvement of competitiveness," the official added after participating in a panel on the "Keys to promote competitiveness in Latin America".

For his part, the director of the Foreign Trade Research and Development Institute of the Chamber of Commerce of Lima, Carlos Posada, told Efe that the countries of the Alliance have "to seek regulatory harmonization" to continue promoting trade and investment .

"For countries it is easier to adopt public policies if they know that their private sector agrees, that's why the Business Council of the Pacific Alliance is so important," he noted before adding that "there is the 'quid' of achieving a true alliance consolidated with a view to the exterior ".

During the panel, the president of the Private Competitiveness Council (CPC) of Colombia, Rosario Córdoba, said that her country follows the Global Competitiveness Index of the World Economic Forum, and detected that its greatest limitations are "in institutions, adoption of technology and innovation systems. "

Currently, in Colombia they are "very focused on the determinants of competitiveness, which are the ability of a country to adopt technology, in human capital, in the labor market, the product market and innovation ecosystems," he added.

"Exactly that is where Colombia is bad and where we put the focus", asserted Córdoba.

For his part, the head of the National Productivity Council of Chile, Raphael Bergoeing, said that "copying is not bad", explaining that his country is "replicating the Australian model" in competitiveness, but that "change scares".

He added that "there are interest groups that benefit from the distortions and what they do is block those changes" in local economies.

In turn, the general director of the Mexican Institute for Competitiveness, Manuel Molano, said that the Pacific Alliance is "a region that is becoming a spectator of world productivity", so now it has to move "towards a dynamic where the State is a facilitator. "

In that sense, he called attention to the attitude of the average worker who migrates to another region with higher standards in productivity and services, and increases their own productivity.

"When you see all the construction workers in southern California, they are Mexican, they become more productive, the tools are better (in the United States), there are security codes, nobody does mail fraud, (then) elevates its production ten times only crossing the Rio Grande, "he said.

The president of the Private Competitiveness Council of Peru, Fernando Zavala, stressed that his country has had 20 years of economic growth, with an average increase of 5%, but indicated that surely this year that figure will fall to around 3%.

Zavala, who was Peru's prime minister and Peru's economy minister, warned that "there are times that are not going to be that easy," so he said that "a pact is needed for competitiveness," which has to start at "discuss at the political and business level".

Monica Martinez

(tagsToTranslate) Technology (t) capital (t) competitiveness (t) Alliance (t) Pacifico

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