Canada eyes Pacific Alliance, seen alongside TPP

September 4, 2012

The following is excerpted from the 29 August 2012 edition of Embassy Magazine.

A new Latin American trade bloc has caught the eye of Canada, one that analysts say has the potential to become a "centre of gravity" in the Pacific Rim, and that could eventually hold the country's sustained attention alongside its pursuit of the Trans-Pacific Partnership and the South American bloc Mercosur.

The Alianza del Pacifico, or Pacific Alliance, is a recent deal between Colombia, Chile, Peru, and Mexico—the latter three of which are involved with the TPP. A framework agreement for the alliance was formally signed in June 2012 at the group's fourth presidential summit in Chile, and the next meeting is on Aug. 29 in Mexico.

This article is available in its entirety at:
http://www.embassymag.ca/page/view/pacificalliance-08-29-2012

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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