Peru Assumes The Presidency Of The Pacific Alliance

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Peru assumed the pro tempore presidency of the Pacific Alliance yesterday during the XIII Presidential Summit held in Puerto Vallarta, Mexico.

President Martín Vizcarra participated in the meeting, which was his first trip abroad as Head of State of Peru. In Mexico, he met with his counterparts from the other three member countries of the Pacific Alliance: Sebastián Piñera (Chile), Juan Manuel Santos (Colombia) and Enrique Peña Nieto (Mexico).

“After assuming the pro tempore presidency, Vizcarra said: ‘Peru in this year will make its best efforts to bring this mechanism and its benefits closer to the citizen. They must be the north of our policies’”, informed El Comercio.

In addition, Vizcarra mentioned that Peru will develop a work plan to reach the year 2030 with a more comprehensive Pacific Alliance.

During the meeting, it was also agreed to seek greater economic and commercial integration with Mercosur (Argentina, Brazil, Uruguay, and Paraguay), in the midst of global trade tension.

“We agreed to explore new cooperation routes to increase our economic and commercial relationship in areas of common interest,” said President Peña Nieto, according to El Comercio.
Earlier this month it was known that Peru leads the non-traditional exports of the Pacific Alliance. The Central Reserve Bank (BCR) reported that the cumulative growth of exports of non-traditional products between June 2017 and May this year was 12.5%, figure that is above the countries that make up this group.

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