President of the four countries of the Pacific League announced in the Chilean capital of Santiago on the 27th, will be open between Member States on 31 March this year, 90% of the tariff.
Chilean President Sebastian Pinera announced decision on behalf of Chile, Peru, Mexico and Colombia in four Pacific Union member. The four heads of state met to participate in the opening of the 27th the first pull ECOWAS Summit gap. The leaders of the four countries also decided that the remaining 10% tariff to cancel a specific date will be agreed between Member States.
Piniella also accompanied by Colombian President Santos, Mexican President Nieto and Peruvian President Humala's announced to the media, leaders of the four countries agreed to the products into the market in the first half of the year to establish a mechanism to develop the product sanitary and phytosanitary measures, and to cancel all non-in favor of trade exchange of technical obstacles to the establishment of a customs cooperation mechanism.
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The four countries also agreed to take measures to provide convenient services, financial services, transportation, communications, and professionals exchange between Member States. In addition, Union Pacific also plans to promote the free flow of investment, decided to integrate the the Shikoku stock market. The leaders of the four countries agreed that Union Summit will be held May 24 in Cali, Colombia, a highly profitable market.
Piniella also said Pacific Union's co-operation Fund also launched a comprehensive, international students scholarship system between the Member States have also been established, making it easier for student exchanges between each other. He also announced that the leaders of the four countries agreed to accept the Japan and Guatemala application, and observer countries of the Pacific League.
In Latin America, the Pacific Union Framework Agreement, in June last year, the Paranal Observatory in northern Chile, Peru, Mexico, Colombia and Chile President signed the official birth of a new Latin American regional economic cooperation organization. The organization's total economic output accounted for 35% of the total economy in Latin America and the Caribbean, accounting for 55% of the exports of the region. In addition to further strengthen the process of regional integration, and vigorously promote the free flow of goods, services, capital and personnel among the member states, the Union also focus on strengthening trade relations and cooperation with Asia-Pacific countries and regions.
 
 



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