In a time of dire necessity, Peru, Colombia, and Mexico are uniting as one.
Peruvian President Pedro Pablo Kuczynski said members of the Latin American trade bloc, the Pacific Alliance, must double down on efforts to open markets and strengthen ties as they navigate the "turbulent waters" of protectionist rhetoric. The Pacific Alliance was founded in April 2011 by Chile, Colombia, Mexico and Peru in order to remove obstacles to trade and get their market used to the fast-growing Asia Pacific region through further regional integration.
"Right now one of us is facing serious difficulties that are not of its own making," Kuczynski said in reference to Mexico, sitting beside the Colombian president Juan Manuel Santos on an official visit. "We have to stand together on our ideals, on global trade which has done us so much good."
While Kuczynski never explicitly mentioned President Donald Trump, his and Santos' comments explicitly referenced the U.S. president.
"There are clouds of uncertainty around the world," Santos said. "We want to join the call of countries that adhere to the principles that have been so good for the world: free trade, respect for treaties ... multilateral solutions."
The Mexican peso has been rocked by tensions between U.S. and Mexico, firming on Friday after Trump and President Peña Nieto's call.
"Of course there are costs to global trade, of course there are job losses, but it's also clear that the benefits are bigger," Kuczynski said.