The Pacific Alliance: the New Star among Integration Groupings

... considered as relatively modest. Trade relations of the Alliance with the region are developing for the most part on a bilateral basis, although certain initiatives are quite promising. The Pacific Alliance is already one of the major trade blocs in Latin America and the world and has very good prospects for expansion. APEC and the Trans-Pacific Partnership (TPP) matter much for the rapprochement with the Asia-Pacific countries, at least for Mexico, Peru and Chile, which are members of these associations. The TPP project, which includes 12 countries (the USA, 3 countries of the Pacific Alliance, Australia, Brunei, Vietnam, Canada, Malaysia, New Zealand, Singapore, and Japan) is still in the process of negotiations, which are nearing completion. The US is playing the dominant role, striving to occupy the ...