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A trade integration initiative, the Pacific Alliance is composed of
- a)Indonesia, Philippines, South Korea and Japan
- b)Chile, Peru, Colombia and Mexico
- c)Australia, New Zealand, Chile and Peru
- d)China, Japan, Canada and the United States of America
Correct answer is option 'B'. Can you explain this answer?
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A trade integration initiative, the Pacific Alliance is composed ofa)I...
From the Introduction: "The Pacific Alliance is a regional integration initiative comprised of Chile, Colombia, Mexico, and Peru. Costa Rica and Panama are candidates for becoming full members. The Alliance was created on April 28, 2011, in Lima, Peru, when the heads of state of Chile, Colombia, Mexico, and Peru signed a Presidential Declaration for the Pacific Alliance, now known as the Lima Declaration, to facilitate the free flow of goods, services, capital, and people. The United States officially joined the Alliance as an observer on July 18, 2013. The project was an initiative of then-Peruvian President Alan Garcia, who extended the invitation to his counterparts in Chile, Colombia, and Mexico, with the purpose of deepening the integration of these economies. The initiative was developed as a way to supplement existing trade agreements among the four countries. The goal is for the four countries to act as a unified economic bloc to negotiate and trade with other countries.
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A trade integration initiative, the Pacific Alliance is composed ofa)Indonesia, Philippines, South Korea and Japanb)Chile, Peru, Colombia and Mexicoc)Australia, New Zealand, Chile and Perud)China, Japan, Canada and the United States of AmericaCorrect answer is option 'B'. Can you explain this answer?
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