Major Latin American Nations Aim to Boost Ties
Major Latin American Nations Aim to Boost Ties
The troubles in each of the four member nations are taking a political toll and thus reducing their abilities to prioritize the Pacific Alliance,” comments COA’s Eric Farnsworth.
PARACAS, Peru—Four of the strongest economies in Latin America—Mexico, Chile, Colombia and Peru—are pushing ahead with ambitious plans to tie their economies closer together, even as economic growth weakens in the region, leaders of the four nations said.
The low-inflation, high-growth nations set up a loosely knit grouping in 2011, known as the Pacific Alliance, aiming to make it easier to trade goods and to improve movement of services, people and capital. Since then they have deepened those ties....
....Falling levels of popularity have also plagued some of the leaders of the grouping, especially Peru’s President Ollanta Humala and Chile’s President Michelle Bachelet.
“The troubles of each of the four member nation governments are taking a political toll and thus reducing their abilities individually to prioritize the Pacific Alliance,” said Eric Farnsworth, vice president of the Council of the Americas and Americas Society....
