Illustrative image (Source: Shutterstock) Hanoi (VNA) – Forging partnership with ASEAN is among priorities of thePacific Alliance amid global integration, as heard at the bloc’s summit in Bogota,Colombia, on December 15.
Atthe meeting, trade and foreign deputy ministers from four Pacific Alliance members– Mexico, Chile, Colombia and Peru – discussed measures to implementcooperation with ASEAN in line with the ASEAN-Pacific Alliance Framework forCooperation signed in New York in late September.
Theyalso acknowledged progress made by the bloc in diplomacy and businessmanagement and agreed to stimulate ties with observer states and partners inthe region.
GDPgenerated by the Pacific Alliance accounts for almost 40 percent of total GDPof the Latin American region, with an annual average growth of 4 percent. Thebloc’s export revenue hit 445 billion USD on a yearly basis, making up 55percent of the figure of the entire region.
ASEAN’sGDP totals 2.5 trillion USD compared to 2.1 trillion USD generated by thePacific Alliance. The two blocs offer a combined market of 850 millionconsumers, which produce 10 percent of the global trade turnover.
Membersof the two are also partners in many international cooperation mechanisms, suchas the Asia-Pacific Economic Cooperation (APEC) and Trans-Pacific Partnership(TPP).-VNA
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