The initiative will include support from the Inter-American Development Bank and CAF to improve physical connectivity in the region.
The two countries are seeking to simplify and streamline the entry and exit process for goods at customs facilities.
The two countries have expressed interest in formalizing an agreement in the short term, given the possibilities of opening up other markets through this connection between the two regions.
The measure was implemented in 2015 to try to mitigate the impact of plummeting oil prices.
Peru continues to seek new Asian markets and is negotiating the possibility of exporting new products to China.
Bolivia continues to seek access to the sea to improve trade. It is considering different alternatives, which include negotiations with Argentina and Paraguay.
The new mechanism seeks to facilitate and improve infrastructure in the region and improve the competitiveness of the private sector.
Between January and December 2016, Peru’s exports to India grew by 37.4% in comparison with the same period during the previous year. This trend is expected to continue.
Customs authorities have approved an ID system for companies that benefit them during trade with other countries within the bloc.
The block continues to implement actions to develop trade technology. Chile calls on other members to leverage e-commerce.
The formalization of the agreement between the two countries will imply major alternatives to foreign trade and advantages for local firms.
The agreement opens up the EU market for almost all Ecuadorian export products.
This is a major milestone on the road to electrical integration.
The member countries of the Andean Community will gradually update their immigration systems. Peru has already successfully done so.
The project aims to address the challenges of the border area and assess progress toward implementing common projects.
Ecuador has joined the free trade agreement that Colombia and Peru are already party to.
In an attempt to fast-track the start of the project, the two countries committed to holding periodic meetings.
China already has free trade agreements with Peru, Chile, and Costa Rica. Colombia is making headway on negotiations.
The regional bloc made up of Chile, Peru, Colombia, and Mexico continues to actively seek out new trade partners.
The two countries are seeking to bolster economic relations. Japan is contributing to relief efforts following the earthquake in the Ecuadorian province of Manabí.
The country has added its signature to the fight against climate change.
The Ministry of Production is to launch a competition to support firms with export potential.
The Gas Exporting Countries Forum has put forward a proposal to tackle climate change and halt the rise of global temperatures
New trends in the Colombian capital are generating economic growth and quality employment
Over 7000 Colombian products will benefit from tariff reductions that have already been negotiated and approved
The country has added its signature to the agreement
Member countries are seeking to coordinate trade regulations that facilitate intrazonal and international trade
Members of the business community and government officials worked together to draw up an action plan to strengthen the Peruvian department of La Libertad.
The two countries’ governments concluded a round of binational negotiations in Santiago, at which they reviewed their progress on matters of cooperation.
Representatives from the two countries met to review the main issues on the common agenda and agreed on the importance of deepening relations following the passing of the Trade Agreement between them.
The meeting included a review of progress on the work agenda and forthcoming endeavors to examine and promote the border integration process and follow up on the agreements reached by the Border Integration and Development Committee.
Member countries ended their meeting in Ecuador after reaching agreements that will generate more than US$30 million in business commitments.
The two countries’ governments concluded a binational meeting in La Paz by signing an agreement that included 39 points related to politics, economic matters, trade, and mutual cooperation.
Government officials were in session over three days to improve the two countries’ export supply.
Through the approval of technical standards, Peru’s Ministry of Foreign Trade and Tourism is seeking to increase product quality to compete in the international market.
Peru hopes to make its free trade agreement with Turkey a reality in June 2016 and to increase its trade balance to US$1 billion over the next five years.
At a meeting of the WTO Committee on Balance of Payments Restrictions, Ecuador announced that it had begun to phase out its import surcharge.
This agreement will expand the market for organic products to the benefit of smaller farmers.
The first round of negotiations to seek a Strategic Economic Cooperation Agreement (SECA) between Ecuador and Korea concluded on January 28, 2016.
The two countries are negotiating mechanisms to broaden cooperation and trade relations.
The European Union is seeking to negotiate with Colombia at the World Trade Organization (WTO) regarding what Brussels considers to be discriminatory measures against alcoholic beverage imports from the EU.
Chile, Colombia, Mexico, and Peru will eliminate tariffs on almost all tariff items that encompass industrial goods.
The document signed by the two countries aims to increase bilateral trade by reducing trade barriers and developing a positive agenda.
The Bolivian Ambassador to Peru announced that binational negotiations are at the evaluation stage, with technical, administrative, and financial factors being assessed, but that there is no deadline for the completion of this.
The WTO ruled that a Colombian tariff on textile and footwear imports from Panama is not compatible with the GATT.
The free trade agreement (FTA) between Chile and Thailand will favor trade flows and, eventually, investment between the two countries.
The presidents of the Pacific Alliance countries and the leaders of the Asia–Pacific Economic Cooperation (APEC) met in the Philippines.
With the support of the IDB, the Pacific Alliance is strengthening its innovative ecosystems.
The chambers of commerce of Chile, Peru, Colombia, and Ecuador have signed an agreement with the aim of strengthening trade relations.
The loan would be for US$7.5 billion and would be used to finance integration infrastructure.
On October 5 and 6, the third LAB4+ Forum took place in Puebla, México. The event seeks to promote creativity, innovation, and entrepreneurship.
At the meeting, progress on the work agenda was reviewed, as were forthcoming activities in the framework of the Paracas Declaration
Ministers from the Andean Community (CAN) countries and Chile met in Santiago on September 4, 2015, to continue talks on the Andean Electrical Interconnection System.