Argentina and Chile agreed to organize a major Mercosur, Pacific Alliance trade blocks’ meeting during the first half of 2017. Last Friday Chilean president Michelle Bachelet and her cabinet were in Buenos Aires with peers Mauricio Macri and ministers as part of an agenda of regular meetings to address a joint agenda.
“We are very interested in seeing Mercosur and Argentina become part of the Pacific Alliance,” Bachelet said at a news conference in Buenos Aires after meeting with Macri. “Foreign ministers have agreed that during the Alliance pro tempore chair of Chile, hopefully during the first half of next year we can hold this decisive meeting”, added the Chilean president.
Macri was more convincing and underlined that the two blocks meeting will take place during the first half of 2017, “we’re going to hold the meeting because we are lucky enough to have Argentina as chair of Mercosur since this month, and the fact is that sooner or later the two blocks will have to converge, and the sooner we do it the better”.
In June, Argentina was granted observer status to the market friendly group, which includes Chile, Colombia, Mexico and Peru. Argentine President Mauricio Macri, who came to power a year ago pledging to open Argentina’s economy after more than a decade of populist and protectionist policies, has sought closer ties to the bloc.
Argentina took hold of the Mercosur pro tempore chair last week and for the next six months. Argentina is a founding member of Mercosur whose other members are Brazil, Paraguay and Uruguay, plus Venezuela suspended (on human rights and trade concerns), and Bolivia in the process of incorporation.
Chile this year ratified an agreement reducing tariffs to 0% on 92% of commerce between the four countries in the Pacific Alliance.
Macri has been a strong sponsor of market friendly policies both domestically and internationally and has anticipated that with Argentina in the Mercosur chair the block will attempt closer links with other blocks, such as the Pacific Alliance, continue with discussions with the European Union, United States and Asian countries.
SANTIAGO – Human rights organizations in Chile have strongly criticized the state pardon granted to a military officer sentenced for assassinations during Gen. Pinochet’s dictatorship, although the action was merely symbolic. Chile’s news site La […]
SANTIAGO – Chile expects to close an energy swap deal with Argentina in the days ahead, Chilean Energy Minister Andres Rebolledo said in an interview Thursday. The neighboring nations are also negotiating the locations for […]
SANTIAGO/NEW DELHI – A milestone trade agreement between India and Chile which was approved by the Indian Cabinet on September 6, 2016 will be effected from May 16, 2017. The expanded PTA will benefit both […]
