Pacific Alliance bloc focuses on Asia trade

Nations with combined population of 209 million aim to better integrate economies of Colombia, Mexico, Chile, and Peru.

    The nations of the Pacific Alliance are promising free trade with a focus towards Asia.

    Together they have a population of 209 million, and a combined economic output of $2tn a year, which is about a third of all the wealth by Latin American countries, or the same as the region's powerhouse, Brazil.

    The new group plans to be less political, more clearly focused on trade.

    The idea is to better integrate the economies of Colombia, Mexico, Chile, and Peru.

    Al Jazeera's Alessandro Rampietti reports from Buenaventura, Colombia.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Double standards: 'Why aren't we all with Somalia?'

    Double standards: 'Why aren't we all with Somalia?'

    Almost 300 people died in Mogadishu but some are asking why there was less news coverage and sympathy on social media.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Kobe Steel: A scandal made in Japan

    Kobe Steel: A scandal made in Japan

    Japan's third-largest steelmaker has admitted it faked data on parts used in cars, planes and trains.