 Well, good afternoon, ladies and gentlemen. Today, we're going to have, I think, a very exciting session this afternoon. And I just want to forewarn you on one little thing, and that is the session is going to be in Spanish. So get ready with your headsets so we can move ahead. Because today, we have a group that is really incredible. These are the four countries that represent the alliance, the Pacific Alliance. So they may now turn to Spanish and just say that, es un honor. Y un privilegio de la cosa. It is a great honor and privilege to have all of you here as the heads of the Pacific Alliance. And let me say that there's so much interest in knowing what is this alliance. There's been interest in this throughout the world. And for many reasons, because we're speaking about 210 million inhabitants, about a GDP that represents, when 30% of the region's GDP, $2 billion, $45 million in direct foreign investment. And this in the four countries of the Pacific Alliance. So there's a tremendous amount of interest in trade matters as to what this is all about. What is the purpose? Is it for integration of what type of integration? And why do I ask what type of integration? Because the major challenge of the Pacific Alliance and of Latin America is that they represent 19% of the foreign trade. Europe is more than 70. Asia Pacific is more than 40%. So we haven't really taken advantage in our region of all of the opportunities. And within our region, the most dynamic is part of Central America 25%, followed by Mercosur. But recently, they have been slowing down considerably. And the Pacific Alliance is only 4%. So they're going to have to go faster. So these are the challenges. What are we talking about? Trade, integration? Are we talking about greater productivity? Social inclusion? Are we talking about movement of persons, of capital, of people, of dynamism? What really are we talking about when we talk about the Pacific Alliance? And I wanted to tell you that I met President Santos on the 7th of August of 2010 when he took up his office. He said to me, I am the executive sector of Eclan. I wanted to talk to you about this Pacific Alliance. You had come from the Sierra Nevada, where there are many indigenous people. And it's a beautiful area. And now you are the head of the Alliance. You have the Pro Tem Presidency. And I think you can tell us what is going to happen on the 8th to 10th of February in Cartagena, where they're going to celebrate the 8th meeting. So in this very short period of time, there have been many, many meetings. So what are you expecting? Please, President Santos, tell us. Well, thank you, Alicia. It's a great pleasure to be here. I want to tell you an anecdote, which I think is very useful. The initial idea for the Alliance was born here in Davos. It was a former secretary of Great Britain, a friend of Latin America, a former foreign minister, Christian Carl Jones, who said to me, why don't you think, speaking of the four countries amongst you mentioned Mexico, Peru, Chile, and Colombia, why don't you make an effort to integrate that would be a fantastic step? And so I began to think about this. And a few months later, I mentioned it to President Alan Garcia. And he became quite enthusiastic about it and began to push for this. And this is how the Alliance of the Pacific began. And President Pininieto also, Mexico, was enthusiastic. And we met seven times. Our next meeting will be the eighth. And I think in this very short time, we've gone further than any other Latin American integration process in its entire history. Why? Well, because there's a political will, because there's a shared vision, because we are seeking the same objectives. You've asked, what is the Alliance? And listed a number of factors. And I would respond by saying all of the above. What the Alliance is seeking is just to strengthen the our economies. And it's important here to note that this isn't a typical agreement. Rather, it's a process, a process by which the countries are going to further deepen their integration and strengthen something which is going to be very important in the future, which is the production chains, that is, productivity, which is one of the things that you mentioned. If there is a challenge to Latin America, it is that to have greater productivity. So this will enable us to enhance the productivity. We've made a lot of progress already on many areas. On the 10th of February, we're going to have the presidents of the Alliance meet in Colombia in Cartagena to sign the train agreement a very ambitious agreement where we are going to eliminate virtually all of the customs duties. So it's a very small portion that will not go down to zero, but which will, during a short period of time, also descend to zero. And that's just one part of the Alliance to strengthen investment as well. We all want more investment. We're friends of investment. It's investment that produces employment and growth. And we said that in liberalizing trade, we wanted it to be not just goods, but also services. And we're now bringing in the financial sector as well, free movement of the citizens of the four countries, eliminating visas. So we are moving very quickly. And I think this is a successful example because there is political will on the part of the four countries to continue. This is not an alliance against anyone. We're not competing with anyone. Rather, this is an alliance to strengthen these four countries. And there's a series of observer countries as well that are seeking an alliance with the Alliance. And I think this is symptomatic of how we're moving ahead. And I believe that we will continue in this path because there is a major opportunity. These are the four economies that have perhaps the best economic level in Latin America and performance. And we have a shared vision, as I said, in many aspects, virtually all. And this really does facilitate matters. We can take audacious decisions. We can take appropriate decisions. And I hope that we will continue to move ahead as we have been in recent years. Thank you very much, Mr. President. What you've said is very interesting about a shared vision. And perhaps that is a vision of development and including productivity, employment. I'd like to greet President Martinelle because Panama is one of the 25 observers and Navelle representing Costa Rica. There are many countries that are interested in the Alliance and being observers and perhaps eventually joining. So, turning to President Peña Nieto, it is a great honor to have you here as the President of my country. And let me say, there's something that has made a big impact on me from your initial year is that, I don't know if you know that you have visited Latin America nine times, which is an indication, a very interesting indication of your desire to go further than the relationship between Mexico and the United States. We can see, in your willingness to have a greater opening towards Latin America and the Asia Pacific region, and Mexico needs this. So, I was very interested in knowing, Mr. President, from your point of view, what do you see as the Alliance? What does it mean for Mexico to look south? We're always looking north, of course. That will never end, but we're also looking to the east, to the west. But what is there for Mexico in this? Thank you, Elisa. It's truly a great opportunity for me to be in this gathering with those that are representing the four countries of the Alliance for the Pacific. I would start out by saying that for Mexico, it constitutes a great opportunity to meet once more with sister countries from Latin America, not only with those of us in the Alliance, but Mexico is seeking and will always be seeking to have a closer relationship with all of Latin America because of our historic roots, because of the identity that we have in our culture and our language, of course. But also, because I'm convinced that now Latin America, all of the Latin American countries have a very different condition, very different from what we used to have in recent years. Today, the situation of Latin America, this region, especially the countries that are part of the Pacific Alliance, we are having greater economic growth and also more political stability, social stability as well. So then it is evident that this constitutes a horizon for economic growth and therefore also social development. That's a very, very promising situation. Mexico is closely related with historic ties throughout the region and during my administration, we're going to be working in a very invariable manner to have closer ties with the other countries. With the countries of the Pacific Alliance, I think there's a meeting point which is fundamental and this is really the point of departure. What is coming among all four countries of the Pacific Alliance? First of all, we are countries that believe and are fully convinced about democracy. We have a full democratic conviction and we also favor and defend the rule of law. And we are also countries that believe and we have a shared vision on free trade and we are four countries that we are occupied and preoccupied because of social equity. These four items undoubtedly make us have a shared agenda, a common vision. And we are not an alliance political one. No, we are an alliance seeking to have social inclusion, social development, as of economic growth. And obviously this has been a mechanism, this is a mechanism, the Pacific Alliance that should strengthen the ties of trade exchange, but it goes beyond that. I think that the Pacific Alliance and that is why I believe there's so much interest and so much expectation over at 25 countries that are participating of observer countries of this alliance and three more that are requesting to be participating as observers. I think they're going to be part of this in the Cartagena event. There will be 28 observers of the Alliance of the Pacific. And this is an alliance, this is a vanguard. And you have said, mentioned some of the data and the figures that the four countries constitute when they integrate their economies. That would be the sixth economy of the world, about 250 million people in this marketplace and free trade of product services that are going to be among our countries and also a gradual liberalization of only 8% of those products. 92%, the products of our countries will be free, tariff free. And aside from this route, we have free mobility of people and the capital market or the stock exchanges are going to be integrated right now. The other three countries have integrated that and also the fiscal reform we've just passed in Mexico. We've just enacted it. There is going to be space for Mexico to also be integrated into the Latin American market, the MILA in this year, 2014. So this means that the Pacific Alliance is an agreement which goes further, is not just a free trade agreement. It goes beyond that point, yes. And apart from the fact this is going to allow us to strengthen the ties among the four countries, we're open so that eventually more countries will be incorporating the Pacific Alliance the case of Costa Rica and Panama for instance and they have shown great interest to be part of the Pacific Alliance. And obviously the observer countries at a certain point whether it's like member countries or countries that in some way or the other will be participating in some of the chapters that will trigger benefits for all the countries that are part of this Pacific Alliance. So what I see in this Pacific Alliance is a very promising horizon for development of the countries that are participating in it and the platform this will also constitute so the member countries and those that eventually start participating in the future for us to also have a link with the Asia Pacific region which is of course, as we know, having a very broad and extensive and growing development in their economies. So obviously this is a great opportunity for those of us that are creating the Pacific Alliance, that's the vision of Mexico. Mexico has a geographic location which is quite privileged and it is like a point of encounter, a meeting point between Latin America and North America. I believe that in this vision that we have to consolidate our development and our integration with the Latin American region countries and the way we're integrated with North America in the future, I hope, is not far away. I think we can accomplish a productive integration of all the American region and this is the route we're working on. This is the path we're following and we're going to be permanently promoting this path. Mexico is occupied as part of its domestic and its foreign policy. Mexico is very much occupied in working in favor of productivity. If there's anything that has allowed the growth level in Mexico to be the optimum level, this is something we have to work for. That's why we're promoting all this reforms to have a better platform for economic growth in Mexico and the near future and it's obvious as well that the topic we have to, the issue we have to look into is increasing productivity of our country. And unfortunately for the case of Mexico and I think for all the Latin American region, this has been decreasing and we have to reverse this trend so that being more productive and also having more democratic productivity, extended productivity that covers all the territory of our countries, we can be more competitive and thus be able to accomplish a greater productive integration. This is the horizon of the alliance of the Pacific. This is the route, the path and the vision of Mexico, we're working on this. Dante. Thank you very much, Mr. Person. That was extremely interesting. Mr. Villanueva in Peru, which is perhaps one of the most dynamic economies of the four, one which has managed growth that is quite significant more than 5% last year and this year as well, very motivated of course or very much based on mining but Peru is also an agricultural country and I would be very interested in hearing about your vision of the alliance from this regional vision. You were the president of the regional president of Peru and I, you have regions, territories. Now if the alliance is going to be an opportunity for social inclusion and introduce equality and growth and grow for equality and I know that we have Marcelo, Miguel and others who have told us about how absolutely obsessed you are with bringing about equality. Well yes, that is the truth and may I begin by greeting our presidents and also the representative of President Oyanta and the Minister of Finance from Chile who are also supporters of the alliance and as we've heard already from two of our presidents, we have many things in common, we have a common vision and as a result, it made it a much simpler process. We all felt it would be quite logical to have this very versatile and sensible coming together and this success is not so much measured in quantitative measures, we have 46% as we said amongst the four countries of the exports but we're not talking so much about economic level as to how people look at this integration vision and how they feel about it, otherwise it's quite difficult to understand this integration at other levels. So in Peru, we have an important policy of both social and territorial inclusion that enables us to give greater fluency to the projects involved and between our countries, the various components of the integration in the Pacific Alliance were joined not just by a vision of social inclusion and lessening gaps, but also to see how we can give much more coherence to our territories and even when we are in a position of less economic growth, still we feel that something else we have in common is that we believe in growth and development which requires something else which is a part of common sense which is trust and confidence, if we don't have that then it's difficult for us to grow but if we have the type of trust and confidence amongst the four countries, then we can have this very virtuous Pacific Alliance and as our friend, the President of Columbia said, this has come almost from a magical place. This is our way of integrating and with Mexico, it's virtually a twin brother and Chile as well, so I won't go over all of the impressions but this structure for the Pacific Alliance has the virtue that it doesn't just include the four, we're not a closed circle, we're opening up to others because we're not just thinking that four countries can conquer the world, rather we are trying to internally deal with health and education and see how our young people through an internal mobilisation can advance and with Peru, Chile, Mexico and Columbia, we are forming a larger country that belongs to all of us and therefore this helps us to measure success more in social terms than just purely statistical terms. Well, that's very interesting and it has also been a great interesting time for Chile and Peru, Mr. Felipe La Rain who's the Finance Minister of Chile. Chile is my second home, it's where I live and I've learned a great deal from Chile, Felipe, because it's a very Republican country, it's a country where the heads of state get together to talk about foreign policy and where parties come together to talk about the future and how Chile is seen from the outside. Chile sometimes is a bit like an island in geographical terms and yet it has a great affinity for those outside of Chile so I'd like to ask two things. One is this great dynamic impetus from the Alliance. Has it come from businessmen and then we can talk about the other countries because the business council has been very dynamic and has really been a kind of engine for this and secondly, how do you see those of you who are leaving government with the new government coming in, what are you going to say about the Pacific Alliance? Why should we continue with the Pacific Alliance? Well, thank you, Alicia. Let me begin by saying that it is a great honor for me to represent President Pineda and to be here with the President of Mexico and Colombia and my colleague from Peru and before I get directly into these points, Alicia, I would just like to perhaps say something about how we view the Alliance from the standpoint of Chile is showing in what has been said by those who spoke before me and my proving colleague but I want to emphasize some points. It's true that sometimes the statistics, the data seem quite cold and as an economist, I must convince that I love statistics because behind them are living beings so when we talk about the number of inhabitants or three trillion dollars of GDP, we're talking about an economic zone which is bigger than Brazil, which is a giant in Latin America that is these four countries together have more inhabitants, a greater GDP and let me emphasize one point which is that not only at the trade level because it's not just trade integration, it's much more than this. It's been said here that there will be free movement of persons, elimination of visas and let me also add that in some countries we're going to establish common embassies. We already have one in Vietnam and Ghana as well I believe, no? And we're going to continue in this process. I can see that you're getting very enthusiastic about this. I also want to emphasize financial integration. We have worked on this with my colleagues and finance ministers, three colleagues and another ex-colleague who was a former finance minister and also foreign minister and I think he's, well, a bit joltsome but in terms of the financial market, we've spoken about the, President Pines Neto spoke about the MILA and this is a stock market that's going to be bigger than others and we're talking not just about the size but also about the depth because we're going to go not just for secondary trades but primary trades and we're going to have fixed investment vehicles and others so it's going to be a gigantic financial market and it's clear that these four countries together, United are much more than each of us individually. We're more attractive as a region and we quite believe that we will also be a better, more interesting opportunity for foreign investment, creating opportunities for our people, for the Chileans, for the Peruvians, for the Colombians and for the Mexicans moving from the south to the north and one final point which is to emphasize that this is an open integration. We are not seeking to close ourselves off from the rest of the world, rather every country continues to be able to integrate because our sovereignty in trade policy is absolute for each of us but we will become a free trade area that will be very attractive. Now going back to Alicia's first point when she talked about business and businessmen, short while ago I spoke opening a meeting of eight Peruvian businessmen who came to Chile and we were in a hotel in a very large room and it was absolutely full of people who came to here so we have been able to have a parallel movement between business and the movement of the governments. They were already moving in this direction and less than three years ago when we started the alliance in this time we have moved ahead and created more opportunities so that this integration can take place and I think this kind of cross investment is very important. We have many businessmen from our countries and investing in others of the countries so we have not just trade integration but also investment integration and finally in terms of the governments the President-elect has said that they will follow the same line it's not a topic for discussion it is decided and we are adopting policies of state that go beyond the mere trade policies. The agreements that we signed beginning in the 90s were signed by the governments in the joint government and we as President-elect are going to continue with some 60 countries that cover more than 4% of our trade so that I hope here as well there will be continuous movement forward. Thank you very much Philippe now here we have I think the very positive part of the Pacific alliance that we've heard you all speak about but there's a few elephants in the room I think no but let's see whether our public is willing to bring a few elephants and show them in the room if not I'll do it so could you please introduce yourself. I'm Ilya Feldman from America Economy I have a question for Philippe my compatriot. When he referred to the alliance I was struck by the fact that he said we have more people than Brazil and we have a GDP that's greater than that of Brazil is the purpose of the alliance to compete against Brazil for hegemony in the region that's the first question the second question is most of the presidents referred and due as well Philippe in the minister from Peru to the fact that this was more than a trade alliance now it's my understanding that the Brazilian foreign ministry is not worried about the Pacific alliance as a trade alliance but I don't think they like the Pacific alliance as a political alliance that will compete for hegemony so that's my question to Philippe and anyone else who'd like to comment yes please person Santos well as I said at the outset this is not an alliance to compete with anyone nor to try and annoy anyone nor to try and exclude anyone it's an alliance which is more than a trade agreement because we're going to integrate deeply but as President Peña Nieto said we have a very open vision it's not against anyone we're not going to become a political forum we're not interested in becoming a political forum and another point is that we have shared missions in terms of how to manage the market the relationship between the market in the state foreign investments and our attitude towards them also towards economic and social barriers I think if we're going to talk about elephants one great challenge that we have and above all Columbia where we're a bit behind I think and some of the indicators we've made a lot of progress but we still have to do a great deal more and that is what you mentioned in terms of social inclusion to become a genuine model of economic growth with high growth rates but at the same time producing positive social impact that's a major challenge and we have to see how we manage our policies and even tax policies ultimately that will give clear rules to the investors through the value chains and this will help us to create more investment when we deal with this idea of production change so let me emphasize the fact that we have no wish to in any way really compete with or to act in any way that would suggest exclusion rather our mutual strengthening is something that is useful to everyone to the entire region as we have stronger economies in Brazil or Argentina or Venezuela or any other country will also see their economy strengthened and Columbia welcomes this because it's good for the region so I think we can all live together in peace well I see Mr. President that you are very practical and when you spoke before you talked about how we can improve the concentric circles and spread them but let me turn to President Pena Nieto Yes, thank you. I only wanted to add that I do think I was very clear and this is something that I hope I pointed out this is not a political alliance this is really an alliance of social economic integration and fundamentally it is based on shared values and this is something that I also mentioned we're fully convinced about democracy we respect the rule of law and we do believe in free trade as I've said that is we're trying to break away from those barriers or break those barriers that are not allowing a free trade to take place of goods and services that may be rendered to the population of the countries that are now the founders of this partnership and also with all clarity this is also an open alliance this is not a closed alliance for all those countries that are in favor of these principles and these values and these convictions I believe that aside from having the necessary elements we have already set forth this is the requirements to be part of the alliance the free trade agreements that member countries should have all this, undoubtedly I believe this is a condition of openness so that little by little and I hope that in a very fast fashion we can have greater integration of all the Latin American region and eventually of all America for that to allow us to favor really increase the conditions of productivity favoring social inclusion of course and competitiveness in the region but I'm going to add it I would like to refer to something that's mentioned here that's very important and that is the role of the private sector that of business and businessmen from the outset we wanted the private sector to have a role as a spearhead so in all of the meetings at the presidential level of the alliance there's always a parallel meeting taking place of the business councils because we want to go hand in hand and we do believe that there is a synergy in this way if we work together and that has both economic and social benefits so I wanted to emphasize that point and in this we do differ from other countries where they don't give the same importance to business development we respect their views but in the case of the alliance we do want to give the private sector a major role yes I've seen this because you remember when we met in Eklah we were in a fantastic meeting with the private sector and I think that is how we are going to be able to give continuity to society and I think you wanted to add something well, okay, since you put the question I just wanted, what I wanted to say is that I fully agree with what is been said by the president says no desire here, quite the contrary there's a desire for inclusiveness with respect to countries, the private sector and the comparison that's made is because the size of the market is very important when we measure the attractiveness of what we are offering to foreign investors so that is a fact but that's all these four countries have a joint market that sets a regional benchmark as being the largest in the region and it's to the benefit of all of us as President Santos said it's not just because we're friends that we're not going to be happy with the neighbors where we feel that the better the situation in the neighbor, the better for us and there's a lot of economic literature that speaks about financial trade contagion when one country is doing well then if there's a crisis in a country in the region that creates a problem for all of us so it's in everybody's benefit for all of us to do well and I think the alliance will be good for all of Latin America, yes we have another question here, please go ahead, yes I'm Jose Arrido from Peru and I wanted to put a question from an institutional standpoint Jose Arrido from Lima, Peru in trade and economic integration and that of individuals is something that all of us favor and promote but institutional plans there are those big gaps between the countries and I wonder if we could not begin to think about some kind of institutional relationship to the Dr. LaRaine who likes data let me mention some, Chile is number 35th in the world of Mexico, Colombia and Peru in between 35 and 102 and Chile is in 37, Colombia, Peru between 90 and 106 so we have some institutional deficiencies and I'd like to know how the alliance can help this well that's quite a big question President please, no, no let's not fight over this Yes, I was looking at Felipe because I think this is perhaps better possibility to answer your question I think that the alliance of Pacific is not fighting or anything and there's no controversy so ever it's not even a relay or substitute for the sovereign state and whatever we, all the sovereignty we have over our resources in the particular case of Mexico well understanding of course the backwardness we have in different levels I think that's why 2013 was first of all a place with structural reforms that are very important in Mexico and this is precisely to speed up economic development in our country and also to tackle social development and also to have more social inclusion these are the challenges each one of our country faces I think the alliance, the Pacific undoubtedly sets forth conditions to favor this greater integration to favor economic social development of our countries but we should add something here it has favored the creation of a space of dialogue among those of us that participate in the alliance for the Pacific I believe that the success experiences of each country this is an ideal space to be able to share those experiences to be able to gather their mass experiences of great success and obviously it will be the sovereign decision of which one of the nations which become the benchmark or the references to be able to be implemented and continue to be implemented in each country Mexico is facing its own challenges, its own situation or circumstances and this is not the space for me to be sharing everything we're doing in Mexico because I think this public domain different spaces and fora and we've already had the space to share that with you in this WF meeting but I think that the alliance of the Pacific is a space which is quite ideal because it favors growth also institutional growth for the member countries and eventually for any other country that wants to be part of this alliance This is a very important question because my vision of the alliance is a continuous process of improvement and if we manage complete free trade on the 8th of August or the 8th of February we've talked about movement of persons and we're going to continue this search for better practices Chile and Mexico are already part of the OECD and we are moving in that direction through better best practices and in the alliance we want to look at the best practices of all the members of the alliance so that we can further improve and this is something that needs to be continuously on the agenda to look at best practices what Peru has done in agriculture in such a short period of time has been fantastic and I have talked about it with my Minister of Agriculture who has been in Peru a number of times saying this is good, we need to learn from it it's a success and Mexico also is moving ahead on many fronts as is Chile so this is a very interesting process that will enable all of us to seek this continuous improvement Thank you very much for your kind words Mr President, but I did want to make a comment that is a response in part to the initial question but also joining with the second question and the institutionalization now in our countries in Latin America in general there is a very weak level of good institutions and we haven't always learned our lessons now in looking at the experience of the Pacific Alliance one of the things that is continuing to strengthen its institutional level year by year is to have set aside ideological interference and that is a fundamental issue because this is not new, this type of integration we've been doing it for years but when one mixes theory and ideology into the mix then things change but the four presidents have had a clear vision and have known where we can integrate we know that we have certain gaps regionally in other areas so this is one factor now within our countries we've spoken of Mexico we have the challenge of establishing institutional strengthening but let me summarize two points there is a basic pillar to the Alliance which is civil society and the private sector so what does that mean? it means that a mechanism of this type if we want to move further ahead requires that we establish institutions and policies for promotion of the private sector as an implementation process so I think we're setting aside things like lack of confidence and all the rest of it because we can't have the public sector working in one direction, the private sector and another we need to work together now something very interesting we will take the question that was here the question of workers in Etla we've been in contact with workers in terms of the workers' organizations to have them look at the Alliance as a tremendous opportunity to reduce unemployment and increase productivity and we would hope that the businesses and also in Cartagena where we're going to talk about small and medium-sized enterprises and the very successful finance reforms that have been made in Mexico I think these are the types of things that we need in the region but please go ahead with your question I hope that in Cartagena we'll be able to move faster with some points and something that I think could help and here I'm referring to an experience that we've had from the initial trade organization between Mexico and Chile some 20 years ago and that is to have a rapid flow of trade we need more frequent vessels and also to reduce the tariffs and we have on the Pacific side we have a frequent passage of ships but not so much on the other side now if we look at intellectual property as well the time that it takes to register patents and copyrights in Mexico is quite quick but in some of the other countries in Chile as well it's a bit slower so I think we could find a way to try and speed up this registration and finally which is easier is to have more frequent flights we have quite a few with Chile but not so many with Colombia or Peru so connectivity and a final question because then we're unfortunately going to have to close yes thank you very much I am the foreign minister of Costa Rica and I'm very pleased to be here with the members of the Alliance because it's a very innovative project and one that will be very great benefit to Latin America I'm sitting here with the president of Pano and I would remind you that our two countries are both very interested in becoming members of the Alliance and let me say that we feel that it's an enormous benefit for Costa Rica and we are ready and willing to contribute to any way that Costa Rica can be helpful thank you very much now to conclude I'd like each of you to be able to take a look and let me just say one thing from my point of view from as an observer in Santiago, Chile where penguins are we see that our region has reached a certain consensus in terms of equality in that all of us are seeking greater inclusion in terms of productivity the structural changes of the reindustrialization that is required in Latin America employment as a key productivity incorporating people into the whole vision and now what about Cuba? We in a collective field that despite the fact that there are some who would like to see our region divided I think the Alliance gives us an opportunity to come together again perhaps because of your peaceful words were a bit disoriented but perhaps in the future we can have Latin America and Pacific Alliance so I wanted to bring this up as a final thought speaking with Brazil is my feeling that Brazil is a very pragmatic view of the Alliance as you said Mr. President, trade, economics, et cetera and I think in the future it may perhaps also be a part of all of this so if you would be kind enough to give us your final thoughts if you'd like to begin well I share the comments you've just made we feel that the Alliance of course needs to be an Alliance that has an open and inclusive attitude but we also need to be careful not to associate ourselves with anyone who will hold us back because there have been many cases where by including everyone the vessel, talking about connections now has not been able to move forward we have to have clear rules we have to have clear principles and we welcome everyone who would like to come aboard but not anyone who wants to hold us back and part of the success of this Alliance has been precisely the fact that we've been very realistic and pragmatic in terms of what is truly important the world is changing in great strides there are increasingly important technological changes and we need to see how we can integrate within this more globalizing competitive world and how we should do so so it would not be advisable to put on the brakes quite the contrary we need to move ahead more quickly thank you very much President I would say that it's already been said here by many of us regarding the components and characteristics of the Alliance for the Pacific but let me repeat something that I heard from you and I fully favor President of Mexico this is this point of encounter this gathering point where we can all meet for those of us who share the same values that I've already pointed out this was the constant element of those of us that have been the founders of this Alliance for the Pacific but we're not the only ones and I think the Latin America is showing a new face and it's not the face of the recurrent economic crisis it's not the face of the political instability crisis that have taken place in many of the Latin American countries it is still the face however of great social inequality and perhaps that's the part of a constant we see throughout the Latin American region and those instruments the Alliance of the Pacific itself as well as those that each country has been designing as part of the public policies structural changes they're aimed or they should be aimed oriented and this is what Mexico thinks to truly accomplish more equitable social development of more social inclusion and the Alliance for the Pacific as I would say is a point of gathering of encounter for greater Latin American integration it's right at the door for next week I mean this will be the topic of your meeting this Alliance of the Pacific I'm sure will be one of the topics of the agenda but let me also say that it's this point of encounter more than controversy or disagreement this is to multiply more than to divide the countries of the region and I truly wish that those of us that are now member countries and those that will eventually become members of the Alliance and those that are going to be participating throughout this path that we can do it and thus have this dream becoming a reality to be a more productive region in all of Latin America thank you In Peru we have a dream of this integration but what we want to do is go step by step to gain confidence and trust and I think this virtuous integration and I think it is and we can describe the Alliance that way with great satisfaction it is not as our dear President of Mexico had said just an area for greater integration but also an approach to the world which can open the doors to Asia just to give you an example and when we feel that we are coming together and that things are working well we are not pretentious we are quite very humble we know that we need more members more strategic alliances but we have this confidence and trust amongst us all well I think the Pacific Alliance is one that gives a great potential to Latin America its contribution to the region and the way that it has been formulated because of its opening its both integration and open to the entire region and I think that we should be able to work through the Alliance to build confidence amongst ourselves and for this to grow in Latin America I think in the future and here the point raised by President Santos is very important those of us who share the vision because this is a voluntary alliance amongst those who share certain principles that the founding members have put down on paper and those who come should share these principles rather than try and hold them back and help us to expand and this I believe is a concept that can make us quite optimistic as I am in terms of the future of the Alliance and in terms of the social component and the well-being of our people and I believe that as we expand and go in greater depth in the Alliance should there be problems in the world economy we are going to have a solid base amongst our four countries so as to have a cushioning effect against realities that may come from the outside so that they won't have such an impact on this moderator thank you very much for all your views thank you for those of you who have been here with us and next meeting will be in Panama and Latin America thank you all very much