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.

Colombia and Costa Rica sign trade treaty ahead of summit

Colombia and Costa Rica signed a free-trade treaty on 22 May paving the way for trade between them worth an annual 400 million USD, and considered a prelude to Costa Rica's entry into the Pacific Alliance free-trade block, Caracol radio reported. The document was signed in Cali by presidents Juan Manuel Santos and Costa Rica's Laura Chinchilla and would benefit sectors like pharmaceuticals and beauty products, pesticides and dairy products, Caracol reported. Colombia was hosting on 23 May the Seventh Summit of the Pacific Alliance that presently includes Colombia, Chile, Peru and Mexico. Heads of states who arrived in Cali on 22 May included the presidents of Guatemala - a candidate for entry - Chile and Mexico, while the prime ministers of Canada and Spain were expected on 23 May. Some 400 businessmen and representatives of industries from 14 countries were also expected, Cali's El País reported on 22 May.

Colombian President delighted with results of year in trade pact with US

Colombian President Juan Manuel Santos said in the northern port of Cartagena on 15 May that a year after the application of a free-trade pact with the United States, Colombian exportation to the United States had risen and 775 firms made the United States their first export market. These firms "exported to the United States for the first time," a year after the United States-Colombia Trade Promotion Agreement (CTPA) began, when they "had not exported any product between 2010 and 2012," the Presidential website reported on 15 May. Mr Santos observed on an 18-per-cent rise in exports of farming products excluding coffee and flowers - two of Colombia's best known and established exports - while 200 products arrived in the United States for the first time, most notably he observed, exotic fruit, but also ceramic tiles, packaging machines, stainless steel sinks and sowing machines. "Behind this are more jobs for Colombians...if this is how we did in a year of global contraction, imagine what we can achieve in a stabilised global economy." He said agro-industrial exports to the United States rose 5.7 per cent that year and industrial exports 6.2 per cent, providing "many motives for us to feel optimistic."