Chile, Colombia, Peru, Mexico Launch Pacific Pact, Tercera Says

The presidents of Chile, Colombia, Mexico and Peru signed yesterday an agreement that could lead to the creation of a trade and development accord between the countries, La Tercera said, citing Chile’s foreign relations minister Alfredo Moreno.

Sebastian Pinera of Chile, Juan Manuel Santos of Colombia, Felipe Calderon of Mexico and Alan Garcia of Peru signed the document in Mar del Plata, Argentina, as part of the Union of South American Nations summit, or Unasur, the minister told the Santiago-based daily after the meeting between the presidents.

Besides trade, the pact may also cover subjects such as energy integration, taxation and travel between the countries, the Santiago-based newspaper said, citing Moreno.

Panama has also expressed interest in joining the group, La Tercera cited Moreno as saying.

The presidents established a 90-day deadline to come up with a definitive document, La Tercera said, citing Moreno.

To contact the reporters on this story: Eduardo Thomson in Santiago at Ethomson1@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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