Executive Summary

This report compares and contrasts two Latin American trade blocs: the long-standing Mercosur alliance (the Southern Common Market formed by Argentina, Brazil, Uruguay and Paraguay in 1994, with Venezuela becoming a full member in 2012) and the more recently created Pacific Alliance (formed by Chile, Colombia, Mexico and Peru in June 2012).

It assesses the differing approaches of the two blocs, and while concluding that the Pacific Alliance is a more clearly business and market-friendly organ- isation, the report asserts that from the point of view of companies operating in the region there is no simple black and white either/or type of choice to be made between the two blocs. In terms of market size and growth, the coun- tries involved have exhibited a range of diverse performances in recent years; looking forward we believe that this will continue to be the case.

More recent canning papers

Becoming a member at Canning House

By joining as an individual member you’ll have the opportunity to access our wide range of public events at a discounted rate, as well as additional benefits such as online access to in-depth reports, webinar recordings and This Week in Latin America news articles.

Join now

Find out more about our membership plans

Sign up to our newsletter

Get the latest information on upcoming Canning House events and other events related to Latin America and Iberia across the UK and beyond.