March 9, 2021

The Pacific Alliance will issue a declaration of support for free trade

The governments of Chile, Colombia, Mexico and Peru, the member countries of the Pacific Alliance, will issue a statement on Saturday supporting international free trade, said Peruvian Foreign Minister Néstor Popolizio.

"We are going to have a declaration on the multilateral trading system, in a context of a worldwide trade dispute between the two main powers," Popolizio announced at a meeting with the foreign press accredited in Lima, held on Wednesday at the Foreign Ministry. Peruvian

He commented that "the emergence of protectionism in many parts of the world makes it necessary for the Pacific Alliance to reaffirm its vocation for free trade", since it is wanted that "there be clear rules of international trade and be fulfilled".

In addition, that "there is a work of monitoring, transparency and that the negotiating function is always present in the multilateral trading system".

The Peruvian minister considered that this declaration will be "very timely because it will reaffirm the defense of free trade", since the commercial conflict between the United States and China has affected, mainly, the countries that trade with the Asian giant.

"For countries that have a first-class relationship with China this has had an impact," he said before adding that the declaration will give an express endorsement to the World Trade Organization (WTO).

In this context, it will be asked that "free trade", which has allowed "predictable trade" since the 1990s, should be "not affected at all" at the international level.

Popolizio said that during the summit of the Pacific Alliance to be held in Lima this weekend, a final declaration will also be issued, another on sustainable management of plastics and one on media, and an agreement will be signed to support small and medium enterprises.

The final declaration of the governors will detail "everything that will be done" in the Pacific Alliance during the pro tempore presidency of Chile, which will receive this Saturday the commission from Peru.

The declaration on plastics will be made in accordance with the objectives of the 2030 agenda and sustainable development, while the one referring to the media will seek to "promote and develop cooperation in communications, including the exchange of material and experience. formative ".

The Pacific Alliance will also hold a ministerial-level meeting with the Mercorsur, with the intention of "signing an agreement on the economic operator, to facilitate trade."

The head of Peruvian diplomacy stressed that the Pacific Alliance "has made remarkable progress in recent years" and now he is interested in Ecuador being part of the group "as quickly as possible", so the president of that country, Lenin Moreno , has been invited to participate in the Lima event.

South Korea has also proposed participating as an Associated State and, in the interest of many countries, the members of the group have realized that "international strengthening is fundamental".

The Pacific Alliance Summit will be opened this Thursday by the business leaders of the region, who will participate in a great forum to discuss the group's future, its development, integration and competitiveness.

The rulers of Colombia, Iván Duque; Chile, Sebastián Piñera; and Peru, Martín Vizcarra, will participate on Friday at the close of the meeting, in a panel dedicated to "The Pacific Alliance for the new decade", which will be moderated by the president of the Inter-American Development Bank (IDB), Luis Alberto Brown.

The president of Ecuador, Lenin Moreno, will attend the summit as an observer and the Ecuadorian chancellor, José Valencia, will participate in the activities of the business event since Thursday in Lima.

Also, the Minister of Industry, Commerce and Tourism of Spain, Reyes Maroto, will participate on Friday in the activities with trade ministers of the Pacific Alliance and a day before will meet with Spanish businessmen living in Peru.

The countries that make up the Pacific Alliance have a total population of 225 million inhabitants, with a GDP per capita of 18,921 dollars and recorded exports of 616 million dollars, according to figures from 2018.

According to the organization, the block would make up the seventh economy on the planet, and one of the dominant ones in sectors such as mining.

. (tagsToTranslate) Alliance (t) Pacific (t) declaration (t) support (t) trade

Source link