BOGOTA, Oct. 6 (Xinhua) -- Colombia expected to increase its exports by fivefold to members of the Pacific Alliance trade bloc during the next two years, a Colombian trade official said Sunday.
"Today Colombia exports 700 million U.S. dollars of products and the figure can grow fivefold with the alliance," Sergio Escobar, director of the Mexican branch of Colombia's export promotion agency in Mexico said.
"The problem isn't that it's hard to do, but that it isn't being done and, on the contrary, we are not taking advantage of the large market, and that's why we have to be more aggressive," he added.
Colombia has yet to benefit from the great potential markets of Mexico, Chile, Peru and other founding members of the Pacific Alliance, said Escobar, adding now is the time to take advantage of those markets in sectors such as agro-industry, metal-mechanical industry and garment industry.
He stressed the alliance must make most of its decision to remove import duties on all goods originated from the bloc's member nations, which will include Costa Rica this year.
As the world's 12th largest economy, Mexico's per capita consumption reached some 18,000 dollars a year, and its imports surpassed 390 billion dollars, he noted, adding that 84 percent of those imports come from the United States, Canada and China.
Proexport and the Mexican Foreign Trade, Investment and Technology Business Council will meet on Tuesday in the Mexican city of Guadalajara, with hundreds of Mexican businessmen expected to explore business opportunities with Colombia.