Tuesday 27 September 2022

Costa Rica One Step Closer To Pacific Alliance Membership

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27 September 2022 - At The Banks - BCCR

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Costa Rica's Presidenta Laura Chinchilla is being met by Colombia's Foreign Minister, María Ángela Holguínat the  Rafael Núñez airport in Cartagena, Colombia. (EFE)
Costa Rica’s Presidenta Laura Chinchilla is being met by Colombia’s Foreign Minister, María Ángela Holguínat the Rafael Núñez airport in Cartagena, Colombia. (EFE)

In Colombia, Presidenta Laura Chinchilla, today signed a declaration of commitment to the Alianza Pacifico (Pacific Alliance), the trade bloc comprised of Colombia, Mexico, Chile and Peru, that Costa Rica hopes to accelerate its economic and social development.

The agreement is mechanism to operate as a roadwork for the country’s integration into the Alliance, a process that will last about a year.

Costa Rica was asked to join the bloc last year at the Pacific Alliance meeting in Cali, Colombia. Today, the presidents of the member countries Juan Manuel Santos (Colombia) Sebastian Piñera (Chile), Enrique Peña Nieto (Mexico), Ollanta Humala (Peru) and Laura Chinchilla (Costa Rica) met at the Cartagena Convention Centre.

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The trade bloc comprises half of Latin America’s population, with a market of some 212 million people.

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