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The Next Big Free-Trade Breakthrough

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July 14, 2013

Wall Street Journal

Mary Anastasia O'Grady

This quaint colonial town, nestled in the mountains three hours north of Bogotá by car, is a favorite retreat for city slickers who want to slow down. Ubiquitous red-tile roofs peek over high, white-washed walls as local women in ponchos and fedoras tread across ancient cobblestone streets. Time seems to stand still. But on the last weekend in June this was the site of the eighth ministerial meeting of the Pacific Alliance, the most important trade liberalization effort in the Americas that you've never heard of.