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The heads of the national construction industry chambers in the Pacific Alliance trade bloc members Mexico, Chile, Peru and Colombia have signed an agreement listing a number of measures to boost infrastructure in their respective countries.
The agreement, signed at the XXI Excon Expo 2016, which took place in Lima, Peru, includes measures such as the implementation of short- and long-term planning models for the construction industries of each country in order to raise their competitiveness, as well as the creation of an infrastructure fund to finance small and medium-sized local construction companies.
The chambers' representatives are also looking to form an infrastructure council for the region, which can serve as an intermediary between the public and private sectors, according to local press reports.
The agreement was signed by Francisco Osores, president of the Peruvian construction industry chamber (Capeco); Gustavo Arballo, president of the Mexican construction industry chamber (CMIC); Sergio Torreti, president of Chile's construction chamber (CChC); and Eduardo Loaiza, head of the Colombian construction chamber (Camacol).
The document also includes an agreement on the implementation of best practices for construction projects and the adoption of a code of ethics for construction companies that is aimed at promoting fairness, competitiveness and productivity within the sector, according to local press reports.
The construction industry is Peru's second most important economic sector after mining. Just before taking office in July of this year, Peruvian President Pedro Pablo Kuczynski had talked about his plans to boost the sector and turn the country into a 'construction camp'.
Excon is Peru's biggest business and commercial conference for the construction sector. It also offers forums, seminars and conferences, as well as professional and technical lectures focused on the most important construction sector topics. The 21st annual edition took place in Lima from October 11-15.