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Pacific Alliance Agreement Signed by Mexico, Peru, Columbia, and Chile

 

The Latin American nations of Mexico, Peru, Columbia, and Chile just became a lot closer. All four countries signed an agreement called the Pacific Alliance, which will lift tariffs on 92 percent of goods and services traded among the member nations. The free trade agreement will establish a united front when trading with Asia and create a fund to finance infrastructure projects between the members. The combined GDPs of the four countries accounts for over 1/3 of Latin Americas GDP.  

(Image source: huffingtonpost.com)