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Latin Countries Forge Trade Accord With Eyes on Asia
Keywords:
Tags: Current Focus, Mexico,
The Pacific Alliance Trade Agreement signed in Jan 2014 will make 92% of products tariff free for trade between Mexico, Colombia, Chile and Peru. The Pacific Alliance region's combined GDP for 2012 was about $2 trillion and it exceeds the population of Brazil. Experts, including Michael Shifter of the Inter-American Dialogue think tank, say the alliance's aim to decrease trade barriers in goods and services, coordinate policy on currency issues, but it does little for the critical needs of infrastructure building and improving productivity. Colombia and Peru especially have very poor infrastructure that severely impacts transportation and trade for the region. China's focus on infrastructure development financing and execution gives it more credibility in this vital development field, and the U.S. has to create financing and project execution capabilities to fill this vital need to build credibility.
Latin American trading blocs- the more market oriented Pacific Alliance and the less market oriented Mercosur
06/10/2010
Mercosur led by Brazil and Argentina is less market and free trade oriented than the Pacific Alliance countries of Mexico, Columbia, Peru, Chile. The U.S., Canada and Spain support the Pacific Alliance and free trade.
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Tide Reverses in Latin America
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The Pacific Alliance
05/27/2013
Grouped Articles
Latin American geoeconomics: A continental divide
Economist 05/27/2013
Latin Countries Forge Trade Accord With Eyes on Asia
Wall Street Journal 02/11/2014
The Pacific Alliance Trade Agreement of 2014 and the Trans Pacific Partnership (TPP)- why trade in the Pacific Latin American region is free, and a badly needed focus for infrastructure and productivity
02/11/2014
Linked Articles
Latin Countries Forge Trade Accord With Eyes on Asia
Wall Street Journal 02/11/2014
New York Times 02/27/2014
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