The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives
The entry into force of the Additional Protocol of the Framework Agreement of the Pacific Alliance in May 2016 marked an important step towards the regional integration efforts of its four members: Chile, Colombia, Mexico and Peru. In addition to promoting trade and investment linkages among its mem...
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oai-11362-408602020-11-17T01:15:48Z The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives Durán Lima, José Elías Cracau, Daniel COMERCIO INTERNACIONAL ACUERDOS ECONOMICOS INTEGRACION ECONOMICA INVERSIONES INVERSION EXTRANJERA DIRECTA POLITICA COMERCIAL PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS ESTADISTICAS COMERCIALES RELACIONES ECONOMICAS INTERNACIONALES ALIANZA DEL PACIFICO INTERNATIONAL TRADE ECONOMIC AGREEMENTS ECONOMIC INTEGRATION INVESTMENTS FOREIGN DIRECT INVESTMENT TRADE POLICY MANUFACTURES ECONOMIC INDICATORS TRADE STATISTICS INTERNATIONAL ECONOMIC RELATIONS PACIFIC ALLIANCE The entry into force of the Additional Protocol of the Framework Agreement of the Pacific Alliance in May 2016 marked an important step towards the regional integration efforts of its four members: Chile, Colombia, Mexico and Peru. In addition to promoting trade and investment linkages among its members, a core objective of the Pacific Alliance —and what distinguishes it from other regional integration efforts in Latin America— is to serve as a platform for economic and commercial integration between Latin America and Asia-Pacific. It is, therefore, of particular interest to evaluate current economic developments taking part in modern Latin America and their impact upon these integration efforts. The data of bilateral flows of trade in goods at the product and sector level, together with the study of trade in services as well as foreign direct investment, reflect the strong links within the Pacific Alliance. It also reveals the potential to further increase its members’ participation in regional and global value chains. The Additional Protocol will serve not only to immediately eliminate tariffs for nearly 95% of intraregional imports, but also to foster economic integration through cumulation of origin and trade facilitation. The Pacific Alliance faces several challenges in the medium-term. First, it must successfully incorporate Costa Rica as a full member, the first accession since the Pacific Alliance was formed. Further, it must clearly define how to fulfill one of its driving forces: to serve as a bridge between Asian and Latin American countries on both sides of the Pacific. Abstract .-- Introduction .-- I. The Pacific Alliance in the context of Latin America and the world .-- II. Trade in merchandise goods between the members of the Pacific Alliance .-- III. The foreign direct investment flows and trade in services among the members of the Pacific Alliance .-- IV. What is the progress of the trade protocol of the Pacific Alliance compared to the Pacific Rim? .-- V. The Pacific Alliance and the Asian Pacific region: which way to go? .-- VI. Conclusions. 2016-12-29T14:59:02Z 2016-12-29T14:59:02Z 2016-12 Texto Documento Completo http://hdl.handle.net/11362/40860 LC/L.4272 en Serie Comercio Internacional 128 .pdf application/pdf CHILE COLOMBIA MEXICO PERU CHILE COLOMBIA MEXICO PERU ECLAC |
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COMERCIO INTERNACIONAL ACUERDOS ECONOMICOS INTEGRACION ECONOMICA INVERSIONES INVERSION EXTRANJERA DIRECTA POLITICA COMERCIAL PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS ESTADISTICAS COMERCIALES RELACIONES ECONOMICAS INTERNACIONALES ALIANZA DEL PACIFICO INTERNATIONAL TRADE ECONOMIC AGREEMENTS ECONOMIC INTEGRATION INVESTMENTS FOREIGN DIRECT INVESTMENT TRADE POLICY MANUFACTURES ECONOMIC INDICATORS TRADE STATISTICS INTERNATIONAL ECONOMIC RELATIONS PACIFIC ALLIANCE |
spellingShingle |
COMERCIO INTERNACIONAL ACUERDOS ECONOMICOS INTEGRACION ECONOMICA INVERSIONES INVERSION EXTRANJERA DIRECTA POLITICA COMERCIAL PRODUCTOS MANUFACTURADOS INDICADORES ECONOMICOS ESTADISTICAS COMERCIALES RELACIONES ECONOMICAS INTERNACIONALES ALIANZA DEL PACIFICO INTERNATIONAL TRADE ECONOMIC AGREEMENTS ECONOMIC INTEGRATION INVESTMENTS FOREIGN DIRECT INVESTMENT TRADE POLICY MANUFACTURES ECONOMIC INDICATORS TRADE STATISTICS INTERNATIONAL ECONOMIC RELATIONS PACIFIC ALLIANCE Durán Lima, José Elías Cracau, Daniel The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives |
description |
The entry into force of the Additional Protocol of the Framework Agreement of the Pacific Alliance in May 2016 marked an important step towards the regional integration efforts of its four members: Chile, Colombia, Mexico and Peru. In addition to promoting trade and investment linkages among its members, a core objective of the Pacific Alliance —and what distinguishes it from other regional integration efforts in Latin America— is to serve as a platform for economic and commercial integration between Latin America and Asia-Pacific. It is, therefore, of particular interest to evaluate current economic developments taking part in modern Latin America and their impact upon these integration efforts. The data of bilateral flows of trade in goods at the product and sector level, together with the study of trade in services as well as foreign direct investment, reflect the strong links within the Pacific Alliance. It also reveals the potential to further increase its members’ participation in regional and global value chains.
The Additional Protocol will serve not only to immediately eliminate tariffs for nearly 95% of intraregional imports, but also to foster economic integration through cumulation of origin and trade facilitation. The Pacific Alliance faces several challenges in the medium-term. First, it must successfully incorporate Costa Rica as a full member, the first accession since the Pacific Alliance was formed. Further, it must clearly define how to fulfill one of its driving forces: to serve as a bridge between Asian and Latin American countries on both sides of the Pacific. |
format |
Texto |
author |
Durán Lima, José Elías Cracau, Daniel |
author_facet |
Durán Lima, José Elías Cracau, Daniel |
author_sort |
Durán Lima, José Elías |
title |
The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives |
title_short |
The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives |
title_full |
The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives |
title_fullStr |
The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives |
title_full_unstemmed |
The Pacific Alliance and its economic impact on regional trade and investment: Evaluation and perspectives |
title_sort |
pacific alliance and its economic impact on regional trade and investment: evaluation and perspectives |
publisher |
ECLAC |
publishDate |
2016 |
url |
http://hdl.handle.net/11362/40860 |
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