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Peru and Chile are partners in the Pacific Alliance, a block of free-trading Latin American countries; trade and investment between them has increased.
The two countries' trade amounts to more than $500bn annually.
Consider how and why people and countries trade.
In comparison, 60% of European countries' trade is with one another.
The two countries' trade is modest, but it could quickly treble, say businessmen.
That is particularly true in Europe, where bonds from several countries trade well below face value.
A 2007 Bank of Spain paper* studies OECD countries' trade balances.
But most of European countries' trade is with other European countries.
But why would countries trade goods that were almost the same?
The winning bidders would be free to subcontract to companies from excluded countries, trade experts said.
The candidates plan to take direct aim at the two countries' trade gap.
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