Peruvian Foreign Trade and Tourism Minister Rogers Valencia on Friday affirmed the Pacific Alliance is an ideal bloc for global entrepreneurs to consolidate their investments.
"There is progress concerning integration in the productive processes, air connectivity, telecommunications, as well as in the integration of stock exchanges of the four member countries," Minister Valencia expressed.
"Let's not forget the work being done on digital strategy and diverse regulations," he added.
The
Pacific Alliance —created in 2011— is an integration initiative focused on
reducing trade barriers, as well as fostering the free circulation of goods, services, capitals, and people across its territories.
The bloc relies on
observer countries and represents the eighth-largest economy in the world.
On an annual basis, the
Pacific Alliance rotates the pro-tempore presidency among its members.
It must be noted Chile was handed over the presidency by Peru in 2016, and then Colombia was chosen to hold it in 2017.