March 1, 2021

The Pacific Alliance opens the door to incorporate Ecuador as a member

Ecuador will begin the process to join the Pacific Alliance as a full member, as announced this Saturday at the XIV Summit of this integration mechanism held in Lima, which is attended by the president of that country, Lenin Moreno.

Ecuador will formally pass from being a candidate to Associate State, with a view to its future membership as a full member.

"We have participated in the meeting of presidents with President Lenin and there is an expression of welcome to Ecuador, naturally doing all the steps, the corresponding procedures," confirmed the Minister of Commerce, Industry and Tourism of Colombia, José Manuel Restrepo. .

Moreno met today in Lima with the presidents of Chile, Sebastián Piñera; Colombia, Iván Duque; Peru, Martín Vizcarra, and with the Mexican Foreign Minister, Marcelo Ebrard, whose countries are the four founding partners of the Pacific Alliance.

Restrepo added that there is "an expression of the presidents of the Pacific Alliance in the sense of giving the greatest possible agility to this process, which also shows how Ecuador, which must have been from the first moment, is integrated for the first time into the Alliance and this will surely have to happen in a relatively short period of time ".

Ecuador currently has the status of observer country of this mechanism created eight years ago, as well as other 60 nations on five continents.

One of the requirements that a country must meet to negotiate its access to the Pacific Alliance is to have trade agreements with each of the member states, and in the case of Ecuador it already has them with Chile, Colombia and Peru.

"Mexico, which is the only country that does not have a Free Trade Agreement signed with Ecuador, has expressed the will to do as quickly as possible to that transit," Restrepo said.

The minister recalled that the Pacific Alliance today is the eighth largest economy in the world, representing about 40% of exports and the gross domestic product of the region, "and with the link that will surely occur very fast in Ecuador, it will still be plus".

The four countries of the Pacific Alliance have a population of 225.3 million inhabitants, to which the 16.6 million from Ecuador will be added when the integration process is completed.

"The whole world is recognizing in the Pacific Alliance a successful strategy in terms of economic integration, not only in terms of free trade," Restrepo added.

In this regard, the president of Peru said in the plenary session of the summit: "Ecuador shows all its will and interest, which is also ours, to be incorporated as a full means," adding that that country "should have been a member of the Alliance since its inception ", in 2011.

For his part, Duque said in the same plenary session that "Colombia is happy with the entry of Ecuador," a step that, in his opinion, goes in the direction of "making an increasingly global Pacific Alliance."

(tagsToTranslate) Alliance (t) Pacifico (t) incorporate (t) Ecuador (t) member

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