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Latin American Economy & Business - June 2016 (ISSN 1741-7430)
Region: Pacific Alliance and Mercosur: getting friendly?
Until recently, the two big Latin American trade alliances didn’t have too much to say to each other. The Southern Common Market (Mercosur, comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela; with Bolivia awaiting final accession) was older, more protectionist and more political. The Pacific Alliance (comprising Chile, Peru, Colombia, Mexico) was newer, more outward looking, pragmatic and flexible. But recent political changes may be altering the rules of engagement and the region could be on the verge of some important re-alignments in its trading relationships.
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- Region: Pacific Alliance and Mercosur: getting friendly?
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