The Pacific Alliance formed by Chile, Colombia, Mexico and Peru is the latest multilateral attempt to regional integration in Latin America. It aims to advance trade and the free circulation of services, capital, and people. Its main objective is to forge closer relations with the Asia-Pacific region by establishing greater bargaining power as a bloc. Since it was established on April 28, 2011, it has accomplished impressive and tangible results in economic, financial, and diplomatic terms due to its pragmatic approach. However, voices of both support and discontent are emerging. While for some, it is the most credible Latin American integration project in the last decades and an answer to the spread of populism and demagoguery, for others, it establishes a geopolitical divide between right-wing pro-market economies with closer ties to the United States on the Pacific coast and left-wing protectionist countries on the Atlantic side which includes Mercosur, the trade alliance formed by Brazil, Argentina, Uruguay, Paraguay, and Venezuela.