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on August 26,Mexico、Colombia, Peru and Chile, said they have canceled all between the four countriestradetariffsTo reach an agreement, hope it can promote free trade between countries in Latin America and elsewhere in the world.
Pacific alliance group (Pacific alliance group) four ministers of member states at a beach resort in Mexico's Caribbean coast held a joint press conference, announced the agreement, this agreement will be approved later this year.
Chile's foreign minister, alfredo - moreno said: "the deal means that our four countries will not impose any goods and services trade barriers for each other, we can combine the potential of four countries."
It is understood that once the agreement comes into effect, 92% of the goods and services will be exempted from customs duties, the remaining 8% share in the next few years will be exempted from customs duties.
Mexico's economy minister, Germany - guajardo said, or about 1.4% of the total trade products (mostly) for agricultural products need to wait for a longer time, which means that some will be no tariffs on some 2030 years ago.Guajardo said, adding that haven't cancel tariffs on products fine items will be announced in due course.
Colombia's commerce minister said granados, Pacific alliance group plans during the UN general assembly on September 25 at investors submit on BBS discussion results.After that, the President of the group members will be in the fourth quarter of this year and establish a day to sign the agreement.He also said the group will discuss in the next few weeks to officially joined in costa rica.He expects the panama will also join the group, after became a member of the sixth.
Pacific alliance group has been support to strengthen with the fast-growing Asian economies trade between countries, seeking through the implementation of the free market policy to stimulate growth, attract more foreign investment, and integrate its capital markets and energy network.
(source: China's financial information network)
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