| Resumo: | The text analyzes Mexico’s relationship with the Pacific Alliance (2018-2024), a liberal regional integration mechanism with projection towards the Asia-Pacific region, combining institutional, political and economic variables. When questioning Mexico’s interests and expected benefits, it is argued that in 2010-2018, there was congruence between the position of the Mexican governments and the construction of the mechanism. In 2018 2024, the deterioration of the international context led the Alliance to multiply initiatives to diversify and consolidate its economic relations, while its internal dynamics changed little, leading to an institutional blockage. We argue that the disinterest of the Mexican government played an important role in this outcome, a product of both new regional priorities and disillusionment with the economic results of the mechanism.
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