In line with its policy of opening up to Latin America and the Caribbean, Turkey aims to enhance its cooperation with the countries of the region in multilateral platforms and institutionalize its relations with regional organizations.

In this framework, Turkey became an observer to the Pacific Alliance established by Colombia, Mexico, Peru, and Chile in the Ministerial Meeting of the Alliance held on 29-30 June 2013 in the city of Villa de Leyva, Colombia.

The Pacific Alliance, which aims at the free movement of goods, services and people and liberalization of trade throughout Colombia, Mexico, Peru and Chile, covers an area with a population of about 200 million, a GDP of 2 trillion U.S. dollars and a foreign trade volume of 1 trillion U.S. dollars.

The Pacific Alliance envisages establishing a common Trade Office in Istanbul.

Turkey's observer status is expected to strengthen its political dialogue with the region and to contribute to our cooperation in the fields of development, science, tourism and culture, and above all to trade and mutual investments.