Chile, Colombia, Mexico, and Peru are the four countries that make up the economic alliance of the South American continent. As it is written about this international organization on its website: “It is a mechanism of political, economic interaction, cooperation and integration, which seeks to find space to stimulate further growth and increase the competitiveness of its four member economies.” Thus, the member countries of the alliance seek to strengthen their own economies by promoting the principles of free movement of goods and services, as well as capital and people.
The work of 26 groups and various areas of international market relations regulate the activities of the Pacific Trade Bloc: services and capital, green growth analytics, customs cooperation, etc. The goal of the alliance is to overcome various obstacles to its becoming a world leader in business opportunities.
The four-country bloc represents “an effective cooperation space that stimulates innovative development,” the international organization’s website says. Among these areas are the free mobility of people, tourism, cultural promotion, environmental conservation, etc.
The material was collected and processed by Sofia Chernopyatova
