Peruvian President Martin Vizcarra and First Lady Maribel Diaz arrived in the Mexican city of Puerto Vallarta on Monday afternoon to join the 13th Summit of the Pacific Alliance.
This marks the first presidential trip abroad since taking office last March.
The Pacific Alliance mechanism is important for member countries —Chile, Colombia, Mexico, and Peru— to boost economic growth, development, and competitiveness.
At the event, Peru will assume the pro-tempore presidency of said bloc.
About
According to its own definition, 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.
Nowadays, it has become the axis of a new way of doing business across the continent.
Likewise, it has become a new platform to negotiate deals across the hemisphere.
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.