Costa Rica Plans to Join the Pacific Alliance

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    The Costa Rica News (TCRN) – The president of Costa Rica, Laura Chinchilla, said Wednesday she hopes her country can soon join in the Pacific Alliance between Mexico, Colombia, Peru and Chile which advocates free trade and economic development.

    The president made the remarks during her speech at a debate framed in a Panamanian business forum in parallel to the XXIII Latin American Summit of Heads of State and Government, which begins today.

    The debate, “Pacific Alliance and the impact on Latin America” ​​was attended by the President of Panama, Ricardo Martinelli, who hopes that his country will also join the Alliance soon.

    Also in attendance were the Finance Ministers of Mexico (Ildefonso Guajardo), Peru (Eda Ribas), Colombia (Maria Angela Holguin), Chile (Alfredo Moreno), and the Spain (Mariano Rajoy) whose country has observer status.

    According to Chinchilla, the Pacific Alliance is, “A block of nations that house a set of similar principles and values ​​towards the development and growth in line with the philosophy of their country which create an open economy, who fully believes in inclusion and setting very clear international competition rules.”

    Chinchilla stated that Costa Rica was accepted to begin the admission process with the Pacific Alliance because it has met the requirements of having trade agreements with nations that are willing to move forward on migration, tariff and trade policies.

    She concluded, “I’m optimistic, that in a few months Costa Rica may be the fifth member”. (EFE)

    The Costa Rica News (TCRN)

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