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The Unknown Summit: Key Players in Latin America Move Toward Economic Unity

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December 12, 2011

The Foundry

By Jessica Zuckerman, Staff Writer

Last week, in Merida, Mexico, the leaders of Chile, Mexico, Peru, and Colombia met to affirm their shared commitment to economic integration,growth, and competitiveness…. It seems that while the United States’ key partners in Latin America were meeting to discuss critical economic and trade issues, America failed to pay much attention. America’s disregard, however, makes little sense. With a total population that exceeds 200 million, the nations of the Pacific Alliance account for 34 percent of Latin America’s gross domestic product and 50 percent of Latin America’s total trade. In fact, trade in the four alliance countries is higher than that of the already two-decades-old Mercosur trade bloc.