American trade block ends summit in Cali, Costa Rica to join

The Seventh Summit of the Pacific Alliance (Alianza del Pacífico) of four Latin American states ended in Cali, Colombia on 23 May, with leaders confirming their resolve to remove tariffs on 90 per cent of traded goods and introduce a single tourist visa for all members, media reported. The block also accepted Costa Rica as its fifth member, though its membership would not be formalised before June 2013. Colombia's President Juan Manuel Santos, the summit host, told the press in Cali that from 30 June when the Treaty would come into effect, tariffs would be removed from 90 per cent of goods traded between Colombia, Peru, Chile, Mexico and imminently Costa Rica, Spain's EFE agency reported. Tariffs he said would be removed on the remaining 10 per cent of goods, subject to a different timetable and conditions. Another of the summit's decision was to introduce a single visa for travellers visiting the five member states, the Visa Alianza del Pacífico. This Santos said, was the "fast and efficient" way to boost visits to member states' "many tourist attractions," CNNMéxico reported. The Alliance's new member in principle Costa Rica was to overcome certain legislative and administrative stages before becoming a full member, Costa Rica's La Nación reported on 24 May. Its President Laura Chinchilla was cited as saying that she was in a hurry to "leave this done," before she was to leave office in a year, for which reason she had asked members to hasten its adhesion. She signed on 22 May a free-trade treaty with Colombia, which the Costa Rican parliament was to debate and approve alongside an adhesion treaty to the Alliance, La Nación reported. The daily observed that Alliance nations currently represented "214 million potential customers," 55 per cent of the region's trade and about a third of Latin America's Gross Domestic Product or sum of goods and services produced in a given period.