Pacific Alliance
Pacific AllianceMacri's priorities: Mercosur, trade agreement with EU and the Pacific Alliance
Argentine president Mauricio Macri pledged full support for Mercosur which he defined as a 'long term strategic project', called for a quick trade agreement with the European Union and closer ties with 'our partners from the Pacific Alliance'.
Chile calls for a South American convergence; pledges to bring together Mercosur and Pacific Alliance
Chilean president Michelle Bachelet called for “a convergence among governments” of South America despite the “political and ideological differences”, and anticipated that Chile will strongly promote the rapprochement between Mercosur and the Pacific Alliance.
Mercosur summit agenda includes trade, energy, human rights; Venezuela's Maduro absent
Paraguay foreign minister Eladio Loizaga advanced some of the issues that will addressed on Monday's Mercosur presidential summit, when all of the members of the group's heads of state have confirmed their attendance, except Venezuela's Nicolas Maduro, plus leaders from associate members.
Latin America expanding at a “two-speed” rate: Pacific Alliance and Mercosur
Latin America is expanding at a 'two-speed' rate according to the latest report from the Spanish bank BBVA, pointing out that the Pacific Alliance is expected to grow 2.5% in 2015/16, while Mercosur will be lagging with a contraction of 2% to 1.5%.
Pacific Alliance members outstand in Latin American performance, says IMF
Brazil is still by far the largest economy in Latin America despite its recession and the impact of the devaluation of the Real, according to the latest report from the International Monetary Fund (IMF), which said Venezuela dropped to the position of the region’s seventh-largest economy with a GDP that’s now half the size of Colombia’s.
Which lawmakers from the Pacific Alliance are paid the most?
Of all four Pacific Alliance countries, Colombia spends most on its congressional representatives, despite the South American country’s low wages. According to a report published on Monday by economic newspaper La Republica, the state pays Colombia’s congressmen a total of nearly $2.1 million per month in salaries, almost double the total of Chile, whose congressmen have the highest individual salaries, but in total cost the state $1.2 million per month.
Uruguay says Brazil rejects idea of leaving Mercosur, but agrees that deep changes are urgent
Uruguay's foreign minister said on Friday that “nobody” supports the proposal from the Brazilian Senate president Renan Calheiros to put an end to the Mercosur customs union. However he did point out that he proposal exposed that the block effectively is 'not working' and needs to have its foundations reviewed.
Pacific Alliance summit takes off in Peru with business conferences
The Xth summit of the Pacific Alliance took off on Wednesday with the attendance of presidents from Chile, Colombia, Mexico and Peru at the Peruvian sea-side resort of Paracas.
Chile insists with Pacific Alliance/Mercosur intelligent convergence
Chile will insist at the two-day Pacific Alliance summit which took off on Wednesday in Paracas, Peru, that a convergence with Mercosur is needed to ensure the integration of Latina America, and this is more evident now that both groupings face similar challenges such as falling prices for commodities, normalization of US monetary policy and an international context of slow growth.
UK confirms interest in Latin America with the “Pacific Alliance Chevening scholarships”,
UK Foreign Office Minister Hugo Swire has introduced a new set of Chevening scholarships for Latin America, the “Pacific Alliance Chevening scholarships”, arguing that the success of the Pacific Alliance forms an integral part of Britain's re-engagement with the region.
