PACIFIC ALLIANCE REGULATORY FRAMEWORKS AND INVESTMENT INCENTIVES
Keywords:Pacific Alliance; investment regimes; foreign investment; market access; Asia.
AbstractThe Pacific Alliance was created in 2011 with a concept and ideology different from that of the different Regional Integration Organizations in Latin America. It is an instrument of growth for its member countries, and it is important in a global context as it accounts for 40% of GDP in the Latin American region, attracting 45% of foreign direct investment (FDI) to the region. Its comprehensive economic concept, far from a political vision, has drawn attention to its trade interests in the Asia region. This article researches and reviews the tax, commercial and investment structures of the Pacific Alliance’s four member countries, as well as a regulatory analysis of Panama—a candidate for membership of the Alliance. Nine years after its creation, the Alliance has succeeded in consolidating a trade bloc aiming towards a new trade era for Latin America, supported by geo-economic factors with a view to strengthening relations with Asia-Pacific as a region.
Copyright (c) 2022 Pilar Ceron, Melany Perez Cortes, Radu Serrano
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