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Costa Rica joins Pacific Alliance

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COLOMBIA-PACIFIC ALLIANCE-SUMMIT-FAMILY PHOTO

May 24th, 2013 (InsideCostaRica.com) Costa Rica joined the Pacific Alliance as a full member yesterday.  The alliance so far consists of Colombia, Chile, Mexico and Peru.

 

The Alliance also approved the accession of seven new countries as observers: Ecuador, El Salvador, France, Honduras, Paraguay, Portugal, and the Dominican Republic.

 

To join the Alliance, Costa Rica first had to sign free trade agreements with member countries, which was accomplished on Wednesday with the signing of the Free Trade Agreement between Colombia and Costa Rica, though Congress must still ratify the FTA as well as the Pacific Alliance framework.

 

President Chinchilla said that amongst other benefits, joining the Alliance could mean the elimination of visa requirements amongst member countries and greater assistance and support between embassies.

 

The Pacific Alliance officially came into being on June 6th, 2012.  The trading bloc represents about 36% of Latin American GDP, and if counted as a single country would be the ninth largest economy in the world.

 

The organization’s goals include free trade and economic integration, “with a clear orientation toward Asia.”

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  • http://alligatorsnroadkill.blogspot.com/ John Dungan

    France? Portugal? What part of the Pacific do they touch?
    And, it would be nice if – for a change – any Free Trade Agreement meant lower cost to consumers.

    • georgechapogas

      that only happens in countries where actual free trade exists. but the stinking hippies in the USA are trying to change that too. protectionism the likes of which Costa Rica and many countries have practiced makes poverty a certainty. so naturally the USA is following that route as a welfare state trying to make everyone poor so there is more need for government.

      • john anthony

        The stinking hippies in the USA? Like the ones at Woodstock? Wow man!! Peace.

        • georgechapogas

          same people, now they are old, running the country and bankrupting the country and stealing from their kids.

          • Mike Shannon

            weren’t there conservative young people in the 60′s too. aren’t they old now? where are they? where did they go? why aren’t THEY running the country?… oh yeah… not enough VOTES. shout at the rain all you want – but the days when it was good to be American (= white, straight, christian & male) are long long gone and they’re not coming back. get on board, or enjoy your extinction.

          • georgechapogas

            yeah, we went to work in business, made a pile and quit because of your stupid stinking hippie taxes. losers like you are why i fired everyone and retired at 46. you need us, we have no need for stinking hippies. so fine. you run stuff. you have been running stuff. every government office and school is full of you stinking hippies. you are doing a great job NOT!. stupidity knows no color moron. why would i get on board with stupid people like you? i don’t need you. i made mine, you stinking hippies will never make a thing. ignorant stupid collectivist losers.

  • Marcel M. Pfister

    “Congress must still ratify the FTA as well as the Pacific Alliance framework…”. Congress? Which congress? Our unicameral parliament is called National Assembly !

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