The current problem that has arisen within the Andean Pact may culminate in Chile's exit from the process that brought together six countries. The other five - Bolivia, Colombia, Ecuador, Peru and Venezuela - have reached an agreement on tariffs and the treatment of foreign investment. Consequently, the hopes of the Chilean government economic team to be accompanied by other countries in positions of free trade and indiscriminate openness to foreign investment would be fading. Current evolution indicates that the integration process within the Andean pact would continue, with all its members or only five of them. This paper examines the main origin of the problem and the dangers that a negative outcome would represent for the permanent interests of Chile.
Director de CIEPLAN. Ex gerente del Departamento de Estudios del Banco Central de Chile. Autor de "Políticas económicas en Chile" y coautor, con Keith Griffin, de "Comercio internacional y desarrollo económico".
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