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Peru President: Pacific Alliance generates new development engines for member economies

Jefe del Estado, Ollanta Humala, en la reunión de la Alianza del Pacífico en Nueva York.

00:00 | New York, Sep. 28.

Peru and the Pacific Alliance member-States are generating “new engines" to develop their economies with the aim of tackling the world’s scenario filled with economic slowdown, Peru's President Ollanta Humala underlined on Sunday evening.

Remarks were made during the Pacific Alliance Roadshow held in New York (U.S.) within the framework of the 70th United Nations General Assembly.

Mr. Humala highlighted the fact that the Pacific Alliance bets on the productive diversification and supports small-sized enterprises, as well.

“We are currently going through an economic deceleration process. In this framework, we have these four Pacific Alliance countries, which maintain a hegemony given their economic growth levels […],” the Head of State told.

In this sense, the official underlined the bloc hosts over 41% of foreign investments based in Latin America.

According to the President, it means a recognition to the trust, legal stability and investment promotion boosted by the four countries.

He also said Peru maintains an expansive budget and policies, which enable to grant feasibility to several submitted investment projects.

The Pacific Alliance composed of Chile, Colombia, Mexico and Peru is known as the economic bloc, which promotes free transit of capitals, services and people among its members, as well as cooperation in the social and educational fields, he noted.

Remarks were made at the Citigroup headquarters in the NYC, where the Heads of State spread the Alliance benefits.

(END) NDP/CCR/MVB

Published: 9/28/2015
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