Nieto: Starting to See Success of Pacific Alliance

The Pacific Alliance, founded by government efforts, aims to integrate member countries and involve stakeholders like entrepreneurs. It promotes economic stability and represents a significant market potential, accounting for 50% of Latin America's GDP. The alliance facilitates trade agreements, allowing 92% of goods to be traded tax-free, with a gradual reduction for the rest. This has led to increased tourism and aims to strengthen trade with Asia Pacific.

What is one of the main goals of the Pacific Alliance?

• To limit the involvement of entrepreneurs

• To enhance integration and economic stability

• To promote government-only initiatives

• To isolate member countries from global markets

How does the Pacific Alliance facilitate economic exchange?

• By restricting the mobility of individuals

• By allowing the exchange of goods, services, and capital

• By focusing solely on agricultural products

• By limiting trade to only two member countries

What percentage of the Latin American region's GDP is represented by the Pacific Alliance?

• 25%

• 75%

• 50%

• 100%

What is one of the initial successes of the Pacific Alliance?

• A decline in economic integration

• A decrease in tourism

• A reduction in trade agreements

• An increase in the flow of tourists

What is the ultimate goal of the Pacific Alliance in terms of trade?

• To integrate trade with Asia Pacific

• To focus solely on internal trade

• To eliminate all trade barriers

• To restrict trade to only member countries