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Chile, Peru, Colombia & Mexico to Form Economic Bloc

Chile, Peru, Colombia & Mexico to Form Economic Bloc
March 28
10:37 2011
chile news, noticias chile

President Piñera meeting with President Alan Garcia of Peru earlier this year. Credit: Gobierno de Chile

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.

This article appears here thanks to our partnership with Eye on Viña del Mar.

 

chile news, noticias chile

Kayla Young

Kayla was I Love Chile’s online editor for most of 2011. She came to Chile in 2010 after receiving a degree in Journalism from the University of Texas at Austin. After teaching in Region II for a semester through English Opens Doors, she relocated to Santiago to live and work.

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