The Lima Declaration dated 21st August created four Working Groups:

a) Trade convergence and integration, coordinated by Chile;

a) Promotion and Protection of investment, coordinated by Colombia;

b) Infrastructure, logistics and trade facilitation, coordinated by Panama; and

c) Economic and technical cooperation for improving competitiveness, coordinated by Peru.

In addition, the Lima Declaration approved a Road Map that includes a set of specific mandates to be addressed and underlined that the working groups should compile previous work carried out in these fields by various institutions such as ALADI, SICA, SIECA, CAN, APEC, FOCALAE, CAF, IDB, UNCTAD and UNIDO, among others.

The Cancun Declaration dated April 16, 2008 established a Reflection Group, headed by Mexico, responsible for:

1. Evaluating the most appropriate means to institutionalize the Latin American Pacific Arc, including its possible structure, frequency and level of meetings and the eventual creation of monitoring mechanisms, while respecting its flexible nature and its character as a forum for political dialogue and consensus building. To that extent, the current regional integration schemes should be taken into account. .

2. To exchange experiences on institutional strengthening for development, particularly in regard to the identification of priorities in public policy and promotion of transparency and good governance.