Origin and Aims. The Pacific Alliance was founded in June 2012 through the Pacific Alliance Framework Agreement. The group had informally come together with the signing of the Lima Declaration a year earlier.
Its principal aims are to encourage free trade and economic integration between member states, facilitate freedom of movement and pursue multilateral ties with other regions. A number of jointly-run embassies and consulates have been opened.
Organization. The Alliance holds regular summits attended by heads of member states. This is the leading decision-making body. There is also a Council of Ministers, comprising ministers of foreign affairs and foreign trade, as well as a High-Level Group made up of their deputy ministers.
Membership.In Feb. 2017 there were four members: Chile, Colombia, Mexico and Peru, with a combined GDP exceeding US$1·7trn. Costa Rica and Panama were in the process of joining as of Feb. 2017. Countries with observer status in Feb. 2017 were: Argentina,...