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Weekly Report - 26 July 2018 (WR-18-29)

TRADE BLOCS: Joint way forward for Pacific Alliance and Mercosur?

The Pacific Alliance countries (Chile, Peru, Colombia, and Mexico) held a summit meeting on 23 and 24 July in Puerto Vallarta in Mexico, to which the leaders of the Mercosur bloc (Argentina, Brazil, Paraguay and Uruguay) were invited. Those present agreed to boost regional integration and free trade, signed up to a plan of action, and expressed opposition to rising protectionism in world trade. But moving from political declarations to meaningful integration may remain as elusive as ever.

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