Pacific Alliance – A New Trading Bloc

6 June 2012

 

The new Alliance includes Chile, Colombia, Mexico, and Peru, and are aiming others to join, in particular Panama and possibly Costa Rica.

 

The Latin America knows several forms of ambitious economic and political integration blocs in recent years, from which we count:

– Latin American Integration Association (known as ALADI or, occasionally, by the English acronym LAIA)

– Central American Integration System (Spanish: Sistema de la Integración Centroamericana SICA)

– Mercosur or Mercosul (Spanish: Mercado Común del Sur, Portuguese: Mercado Comum do Sul, Guaraní: Ñemby Ñemuha, English: Common Southern Market)

– The Union of South American Nations (Dutch: Unie van Zuid-Amerikaanse Naties – UZAN, Portuguese: União de Nações Sul-Americanas – UNASUL, Spanish: Unión de Naciones Suramericanas – UNASUR)

– The Community of Latin American and Caribbean States (Spanish: Comunidad de Estados Latinoamericanos y Caribeños, CELAC, Portuguese: Comunidade de Estados Latino-Americanos e Caribenhos, French: Communauté des États Latino-Américains et Caribéens)

– The Andean Community (Spanish: Comunidad Andina – CAN)

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