In a Bloomberg.com article examining differences among Latin American economies, a report from the Adrienne Arsht Latin American Center and the Global Business & Economics Program, “Global Trade Policy: Made in Latin America?” was cited:
Trade averages 54.4 percent of GDP in the Alliance nations, which have between 42 and 52 free-trade partners, compared with 40.7 percent in Venezuela and Argentina and 24 percent in Brazil, which have fewer than 10 partners. The outward-looking and market-oriented nature of the Pacific Alliance make it poised to play a significant role in regional and global trade, the Atlantic Council said in a report released today.