Latin America's Pacific Alliance trade bloc agreed Thursday to allow citizens to live and work in any of the four member countries for a year.
The "Working Holiday Program" was signed by the foreign ministers of Chile, Colombia, Mexico and Peru during a presidential summit on Mexico's western coast.
The program, due to come into effect next August, aims to allow people aged between 18 and 30 to "visit and at the same time get paid for activities that will help cover their stay," the Mexican foreign ministry said in a statement.
Each country can issue up to 300 of these year-long visas, based on application requirements that have not yet been announced.
Previously, visitors from any of the four Pacific Alliance countries could visit for up to 90 days without needing a visa, but were required to obtain one to work, usually needing to be sponsored by a local company.