Colombia has established many free trade zones, which provide a favorable environment for businesses to operate. These zones offer tax incentives, a lower bureaucracy, and other benefits to businesses that operate within them. This policy has attracted many companies to invest in Colombia, resulting in increased economic growth and job creation. Especially the Pacific Alliance is a regional trade bloc, that includes Mexico, Chile, Peru and Colombia, that offers freedom of goods and people, similar to the European Union. It has fewer visa requirements, making it an attractive destination for businesses. The commercial sector is the most attractive part of the alliance, and it also plans to integrate its currencies, presenting opportunities for growth in the rising Latin American market.