Chile, Colombia, Mexico, and Peru agree to abolish all trade tariffs.
11 replies, posted
[url]http://www.bbc.co.uk/news/business-22649883[/url]
[quote]Four of the fastest growing economies in Latin America agreed on Thursday to scrap most of the tariffs on trade between their countries.
Chile, Colombia, Mexico and Peru, the founder members of the Pacific Alliance trading bloc, said the deal would eliminate 90% of merchandise tariffs between the nations within months.
They said the remaining 10% would go by the end of the decade.
The four hailed the move as an historic step towards regional integration.[/quote]
[img]http://news.bbcimg.co.uk/media/images/67788000/jpg/_67788341_chile.jpg[/img]
[i]Chile's president: "Probably the most successful" integration in Latin America's history[/i]
It's good to see that Latin America is improving superbly,
[quote]The countries also agreed to abolish the need for tourist and business visas, allowing their citizens, which have a combined population of 210 million people, to travel more easily between the four countries.[/quote]
This is particularly important as well, for it allows for greater freedom of movement of peoples throughout the world.
I can't rate this winner hard enough.
Hooray! Progress!
Latin America Free Trade Agreement
LAFTA
Despite Pinera's shitty (read: null) way dealing with Chile's social issues, he's proven himself rather decent in the handling of it's economy. It's pretty amazing to see how much the country has grown.
[QUOTE=S31-Syntax;40762821]Latin America Free Trade Agreement
LAFTA[/QUOTE]
Now we'll see if LAFTA really is the best medicine.
[QUOTE=Dr. Gestapo;40763363]Despite Pinera's shitty (read: null) way dealing with Chile's social issues, he's proven himself rather decent in the handling of it's economy. It's pretty amazing to see how much the country has grown.[/QUOTE]
Money is pretty much all he's good with. He's done more than recent presidents in that respect though.
It'd be interesting is we see something similar to the EU sprout up in South America. SAU maybe?
That's it i'm going to Colombia
go piñera! (?)
Between this, and the decriminalization/legalization of drugs south america has a good velocity.
it may also bring difficulty for the local producers or local companys
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