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Pacific Alliance Will Eliminate Tariffs for 90% of Goods

LADB Article ID: 78983
Category/Department: Region
Date: 2013-05-30
By: Louisa Reynolds

The Alianza del PacĂ­fico (AP), a bloc that includes Colombia, Peru, Mexico, and Chile, will eliminate tariffs for 90% of goods and services exchanged among them from June 30 onward. The aim is for tariffs to eventually be phased out completely. During its seventh summit held in Cali, Colombia, on May 23, important steps were taken toward achieving regional integration, including eliminating tariffs among members, incorporating new members as observers, and signing a free-trade agreement (FTA) between Colombia and Costa Rica.

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