“Four countries—Mexico, Peru, Colombia and Chile—three years ago formed a free-trade bloc called the Pacific Alliance. Tiny Costa Rica joined the club in 2013. Together, they’re a bigger economy than Brazil, and they’re expected to grow three or four times faster than their huge neighbor over the next few years. The five Pacific Alliance members, with a collective GDP of $2.2 trillion, are expected to grow 3.3 percent in 2014, and 4 percent in 2015. Economic reforms within individual member states can take some of the credit. All of the countries have free trade agreements with the United States, but the Alliance takes down barriers between the countries themselves.”
http://www.cnbc.com/id/102537826
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