The Forum of the Latin American Pacific Rim Initiative, known as the Latin American Pacific Arc, is basically:

a) A high-level informal coordination and consensus space for the identification and implementation of joint actions aimed at generating synergies among the countries participating in this Initiative in economic and trade matters, taking into account their common interest in strengthening their relations with the economies of the Asia Pacific region.

b) A joint platform for political dialogue and coordinated projection of the countries of the Latin American Pacific Rim towards the Asia Pacific region, promoting the involvement of the private sector (academia and businessmen).

 

Who leads this initiative?

The Latin American Pacific Arc Initiative is led jointly by the Ministries of Foreign Affairs and the Ministries in charge of Foreign Trade of the eleven Latin American countries of the Pacific region:

•  Chile

•  Colombia

•  Costa Rica

•  Ecuador

•  El Salvador

•  Guatemala

•  Honduras

•  México

•  Nicaragua

•  Panamá

•  Peru

Ministers meet every six months in Ministerial Meetings. The technical work is carried out through Working Groups. The decisions are adopted by consensus.

What are the main ares covered by the latin American Pacific Arc initiative?  

•  Trade convergence and integration
•  Promotion and Protection of investment
•  Infrastructure, logistics and trade facilitation
•  Economic and technical cooperation for improving competitiveness