Peruvian President Martin Vizcarra affirmed the
nowadays has "to be more united than ever" in order to face the current global economic situation marked by the
Within this framework, the Head of State noted the dispute between the "world's two main economic powers" generates "confrontation and protectionism," both responsible for affecting the global economy.
According to the top official, it is essential that —in order to fulfill this re-launch— its members ratify the political commitment that enabled the creation of the Pacific Alliance
"We have no other alternative but to give it the strength that this circumstance requires," he expressed.
The President went on to add that —eight years after its creation— the Pacific Alliance
cannot limit its objectives merely to commercial affairs, because there are also important challenges of other nature.
"If we do not get prepared, if we do not have a joint vision, we will not be prepared for the challenges of the future
," he stated.
Remarks were made at the closing ceremony of the 14th Pacific Alliance Business Summit on Friday evening. Peru hosts the 14th Summit of the Pacific Alliance on June 1-6.
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.