April 13, 2021
Foreign Trade

Pacific Alliance Vice Ministers of Foreign Affairs and Trade meet and prepare to mark the initiative’s 10th anniversary

Pacific Alliance Vice Ministers of Foreign Affairs and Trade meet and prepare to mark the initiative’s 10th anniversary
The options include holding a Presidential Summit on April 30 and the launch of a Regional Digital Market Roadmap.

International Economic Relations Undersecretary Rodrigo Yáñez participated in the first meeting of the year of the High Level Group (GAN) of the Pacific Alliance, a regional initiative comprised of Chile, Colombia, Mexico and Peru.

During the meeting, the Undersecretaries and Vice Ministers of Foreign Affairs and Trade of the four countries analyzed the progress made in various areas and considered options for celebrating the 10th anniversary of the Pacific Alliance, which was created on April 28, 2011 at a Summit held in Lima, Peru. These include holding a Presidential Summit on April 30 and launching the initiative’s Regional Digital Market Roadmap.

“The Pacific Alliance marks its first decade of existence this year. During this time, we have made great progress on the integration of our countries. We now have a trade agreement that removes tariffs from nearly 96% of the products exported within the bloc, student and scholar exchanges, interoperability between our single foreign trade windows, electronic phytosanitary certificates, cultural events and volunteer actions. We also have held joint activities such as business macro-roundtables, tourism initiatives and innovation events like LAB4+. There are also 59 observer countries, and we have activated numerous cooperation projects with several of them, as well as other achievements. We believe that this is undoubtedly a great instrument that we must continue to improve and perfect for the wellbeing of our countries,” Undersecretary Rodrigo Yáñez remarked.

The GAN also reviewed the technical progress made on the presidential mandates for 2021; the reports submitted by the PA Technical Groups and Committees; the roadmap for improving performance; the status of the annexes on Cosmetics, Housekeeping, Medical Devices and Nutritional Supplements; and the progress of the negotiations with associate member candidates, among other topics.

Regional Digital Market

Work on a roadmap of the Pacific Alliance Regional Digital Market (RDM) is ongoing and there are plans to launch it to mark the bloc’s 10th anniversary. The RDM is designed to allow for the free flow of digital products, goods and services that are sold online, and capital linked to the digital market among the Alliance member states.

During the Presidential Summit held in Santiago, Chile in December 2020, the four Presidents signed the “Pacific Alliance Presidential Declaration on the development of the Regional Digital Market and the drive towards Digital Transformation”. They also established a mandate to develop and implement a roadmap to coordinate the Technical Groups, Committees and Subcommittees linked to the Regional Digital Market, which are responsible for implementing the various actions contained in it.