Diplomats in Washington Tout the Emerging "Pumas of the Pacific"
Diplomats in Washington Tout the Emerging "Pumas of the Pacific"
“The United States recognizes the importance of developing an economic relationship with the Pacific Pumas,” suggests COA’s Eric Farnsworth at a COA forum on the trade bloc.
WASHINGTON, D.C. – Move over, Asian tigers. It looks like the four so-called “Pacific Pumas” – Chile, Colombia, Mexico and Peru – have become the latest darlings of the investor crowd.
Costa Rica is now in the process of joining the four as the newest and smallest member of the Pacific Alliance – a trade bloc boasting a combined population of 215 million and gross domestic product of $2.2 trillion. Together, the four countries already in the bloc represent 36 percent of Latin America’s total GDP and just over half of its foreign trade....
“Moisés Naim has called this the most important alliance you’ve never heard of,” said Eric Farnsworth, vice president of the Americas Society-Council of the Americas, quoting the prominent global thinker and syndicated columnist. “Direct concrete steps have already been accomplished, and the United States recognizes the importance of developing an economic relationship with the Pacific Pumas.”
Farnsworth was one of eight speakers at a March 13 panel that analyzed why these four emerging markets are so appealing to foreign investors. The event, co-sponsored by AS-COA and the Bertelsmann Foundation, featured three ambassadors – Colombia’s Luís Carlos Villegas, Mexico’s Eduardo Medina Mora and Peru’s Harold W. Forsyth....
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