The Costa Rica News (TCRN) – Today the president of Costa Rica, Laura Chinchilla, signed a declaration of commitment to the Pacific Alliance (comprising of Chile, Colombia, Mexico and Peru) in hopes of accelerating its economic and social development.
Chinchilla signed the declaration, which adheres to the Framework Agreement mechanism to operate as a roadmap for Costa Rica’s integration into the Alliance, a procedure whose duration is estimated at about a year and that her successor in the Costa Rican presidency will lead.
The Pacific Alliance Presidential Summit was held in Cartagena, Coloumbia and is the eighth meeting of its kind.
The Alliance encompasses 50% of the population in Latin America and has a market of 212 million people. The declaration signed today will provide a trade protocol that eliminates 92% of tariffs between members.
The Costa Rica News (TCRN)
San Jose Costa Rica
