Costa Rica has been active the past few years facilitating free trade agreements with 14 countries and is continuing to expand its international presence by becoming a member of the Pacific Alliance.
Laura Chinchilla, the president of Costa Rica announced last week she is looking forward to officially becoming a member of the Pacific Alliance bloc of Mexico, Colombia, Peru and Chile, and advocated free trade and continued to Costa Rica’s economic development.
The president made the remarks during her speech at a debate framed in the IX Ibero-American Business Forum, held in Panama in parallel to the XXIII Latin American Summit of Heads of State and Government, which begins today.
The debate “Pacific Alliance and the impact on Latin America” was attended by the President of Panama, Ricardo Martinelli, who hopes that his country joins the bloc soon, and the Spanish Government, Mariano Rajoy, whose country has observer status.
According to Chinchilla, Pacific Alliance “is a block of nations that houses a set of principles and values towards the development and growth in line with the philosophy” of their country “in the last 30 or 40 years.”
Adding, “nothing better to trade liberalization and integration into international blocs,” she said.
The president stressed the fact that the block “is being built with pragmatism” and that it “ideology is second.”
Chinchilla recalled that Costa Rica “was accepted to begin the accession process” at the Pacific Alliance because it has met the requirement of having trade agreements with nations that make up and is willing “to move forward in other initiatives” on migration, tariff and trade.
“I’m optimistic, I hope in a few months that Costa Rica may be the fifth member”, reported the President