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Pacific Alliance and Mercosur Will Attempt Convergence, Sponsored by Chile

Posted October 06, 2014

Under Economic Issues, International Trade Issues

(MercoPress)

A first meeting to assess opportunities for accords between the Alliance of the Pacific and Mercosur will take place next November in Santiago de Chile confirmed, confirmed Chilean foreign minister Heraldo Muñoz.

The meeting is scheduled for 24 November and the objective is to establish a road map that could lead to a convergence of the open market Pacific countries, Chile, Peru, Colombia and Mexico with Mercosur Argentina, Brazil, Paraguay, Uruguay and Venezuela, which have a more restrictive approach towards the private sector.

“The idea is to discuss different forms for specific accords between the Pacific Alliance and Mercosur, on the understanding that at this stage it is not realistic to think about a tariffs and regulations convergence, given the existing differences”, admitted Muñoz. Read more here.