Pacific Alliance countries could be regional energy leaders by synchronizing policy, sharing best practices, and linking grids. ... Play Video
David Yanovich, Partner, Cerrito Capital
Hector Castro Vizcarra, Minister of Energy Affairs, Embassy of Mexico
Christian Gómez, Jr., Director of Energy, Council of the Americas
Eric Farnsworth, Vice President, Council of the Americas (moderator)
The Pacific Alliance has the potential to be a competitive bloc in terms of energy. But to get there, Chile, Colombia, Mexico, and Peru need to strengthen internal markets, synchronize regulatory policy, and link energy grids, said COA's Energy Director Christian Gómez, Jr. "The problem is not engineers, the problem is politicians," added Cerrito Capital's David Yanovich. "That's why the private sector has to step in."
Experts also discussed the benefits of member countries partnering on energy efficiency and renewables, and the potential of cooperating with Asia.
Watch the panel to understand the trade bloc's progress and the next steps for integration in the region. ... Play Video
Andre Loes, Chief Economist for Latin America, HSBC
Ambassador Carlos Arturo Morales, Deputy Permanent Representative of Colombia to the United Nations
Joaquim Tres, Integration and Trade Lead Specialist, Inter-American Development Bank
Eric Farnsworth, Vice President, Americas Society/Council of the Americas (Moderator)
Experts discussed the trade integration process and what's ahead for the Pacific Alliance. In addition to logistical and infrastructure advances, the panel addressed how countries are making progress in removing tariffs and rules of origin. Experts also explained the next steps for integration of financial markets in the region, with initiatives such as the Latin American Integrated Market, better known as MILA, created in May 2011 to combine the exchanges of Chile, Colombia, and Peru.