"Most countries have tariff rates that are quite low, so having a free trade agreement no longer represents the advantage it did 20 years ago," he added.
The bloc is also closely following the negotiations to update the North American Free Trade Agreement (NAFTA) between Mexico, Canada and the United States.
As Latin America's No. 2 economy, Mexico is a key alliance partner, and any protectionist measures imposed against it by the United States would have repercussions, acknowledged Mongilardi.
"All protectionist measures go against the direction all the world's countries are going in. We have to understand that open markets benefit everyone to the extent that our citizens have the ability to choose from among a greater quantity of offerings," he said.
Countries should bet on greater competitiveness, not protectionism, he said.
"What we have to promote is competition, so prices come down and our products' level of technology and competitiveness goes up," he said.
According to Peru's Ministry of Foreign Trade and Tourism, the alliance is also looking to promote integration with other markets.
To that end, on Oct. 23, the bloc will begin a first round of negotiations towards a trade agreement with Australia, Canada, New Zealand and Singapore.
Endorsed in 2017, the Pacific Alliance is a regional integration initiative, currently with four full member states. The Pacific Alliance represents a market of 217 million consumers.
【国际英语资讯:Interview: Pacific Alliance tackles non-tariff trade barriers】相关文章:
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15