The Pacific Alliance, a trade deal between Colombia, Mexico, Chile and Peru on Monday came into force, eliminating most trade tariffs and allowing easier migration between the partner countries.
The trade pact took force on Monday three years after the Pacific countries signed a treaty that seeks a far-stretching integration of their markets.
The bloc’s objective is to reach a deep commercial integration zone based on the free circulation of goods, services, capital and people, similar to the commercial integration within the European Union.
The Pacific Alliance, a trade deal between Colombia, Mexico, Chile and Peru on Monday came into force, eliminating most trade tariffs and allowing easier migration between the partner countries.The trade pact took force on Monday three years after the Pacific countries signed a treaty that seeks a far-stretching integration of their markets.The bloc’s objective is to reach a deep commercial integration zone based on the free circulation of goods, services, capital and people, similar to the commercial integration within the European Union.
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