The Pacific Alliance pact has raised hopes of a boom in intra-regional trade, but the high degree of overlap between the export baskets of the member nations makes that unlikely. Nonetheless, the pursuit of market-friendly reforms by the Pacific Alliance countries is indicative of a commitment to liberalising policies that should ensure that the bloc outperforms the increasingly inward-looking members of Mercosur as the commodities boom ends.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services