Chile, Peru, Colombia & Mexico to Form Economic Bloc
Peru President Alan Garcia announced on Sunday plans for his country, Chile, Colombia and Mexico to form a new economic bloc.
“On May 2 President Santos, President Piñera of Chile, President Calderon of Mexico and myself will meet. We will formalize the deep integration between the four countries. We will arrange the greatest possible free movement of capital, services, products and people so that we can grow more effectively,” Garcia said.
In November, Chile joined Colombia and Peru in an agreement designed to facilitate the integration of each country’s stock market. The addition of Mexico — the 12th largest country in the world — is very significant and should help Chile continue to expand its global economic power.
Garcia’s comments came on the final day of his official state visit to Colombia. Garcia is set to leave office in July.
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