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zachary harden
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![[Pacific Alliance flag]](../images/i/int-alzpa.gif)
image by Zoltan Horvath, 08 February 2014
See also:
"The Alianza del Pacífico (Pacific Alliance) is a Latin American trade bloc,
with some features of further integration (like migration, inter industrial
trade, etc.) It currently comprises 50% of Latin American exports. On 28 April
2011, former president of Peru, Alan García organized a meeting with the
presidents of Chile, Colombia, and Mexico. This group of political leaders
issued the Declaracion de Lima, a statement of intent to establish the Pacific
Alliance. The initial goal of the alliance was to further free trade with "a
clear orientation towards Asia", and economic integration. One of the
results of this economic integration is the
MILA (Mercado Integrado
Latinoamericano. or Latin American Integrated Market) established on May 30,
2011, which is a program that integrates the stock exchange markets of Chile,
Colombia, and Peru. The three founding members are the Lima Stock Exchange, the
Santiago Stock Exchange, and the Colombia Stock Exchange. On September 2009, an
agreement was signed by the Colombia, Lima, and Santiago Exchanges, to create a
unique market, with the objective to unite the equity trading platforms and in
this way concentrate a bigger number of issuers, investors, and intermediaries.
The formal ceremony was held in the location of BVL in Lima. The MILA started
officially operations on May 30th, 2011 as the second biggest market of Latin
America in market capitalization with US$ 720 billion, and the third largest
market in trading volume in the region with US$87,000 million a year."
Sources:
http://alianzapacifico.net/que_es_la_alianza/la-alianza-del-pacifico-y-sus-objetivos/
-
http://alianzapacifico.net/que_es_la_alianza/antecedentes/ ,
-
http://en.wikipedia.org/wiki/Pacific_Alliance and
-
http://en.wikipedia.org/wiki/Mercado_Integrado_Latinoamericano
The Summits are (a graphic historical summary can be seen
here.)
I Summit 2011 Lima,
II Summit 2011 Mérida,
III Summit 2012 through virtual media (something not very common in these types
of organizations),
IV Summit 2012 Paranal,
V Summit 2012 Cádiz,
VI Summit 2013 Santiago de Chile,
VII Summit 2013 Cali,
VIII Summit 2014 Cartagena (official
Flickr website)
Its members are:
Chile, Colombia,
Peru, Mexico, Costa Rica (applied
for Membership on February 10, 2014)
For additional information go to:
Alianza del Pacífico (official website)
Esteban Rivera, 15 February 2014
It is a white horizontal flag, with the
logo in the
middle and below "Alianza del" and below "Pacífico" in black letters. This
flag is
located in the hall preceding the Centro de Convenciones de Cartagena, chosen to
be the venue for the VIIII summit (February 8-10, 2014). The colors represent
the flags of its members in this spiral: starting from the top, clockwise:
yellow, blue, red for Colombia, then blue, red, white for Chile, then red,
white, red for Peru, and red, white, green for Mexico.
The flag is seen
here.
(Source:
http://farm4.staticflickr.com/3785/12388976615_129b76d81e_k.jpg) (between
the flags of Colombia and Mexico).
Esteban Rivera, 15 February 2014
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