The countries of the Pacific Alliance, Mexico, Colombia, Peru and Chile could see the elimination of tariffs as early as the first quarter of 2016, said Francisco de Rosenzweig, Undersecretary of Foreign Trade of the Ministry of Economy of Mexico.
Colombia has already completed its internal approval process for starting the reduction. Chile and Peru are making progress with their countries' respective approval processes, and the Mexican Senate hopes to approve the initiative in this regular session period, which ends in December 2015.
This has been excerpted from a 25 November 2015 news item by Mexico Xport and is available in its entirety at: http://www.mexicoxport.com/noticias/15311/quita-aranceles-la-ap-principios-del-2016-se