Summary of Building Bridges

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Recommendation

As the United States increasingly turns inward, Latin America is turning more and more outward. Securing a trade deal with the European Union and reviving the Trans Pacific Partnership – now without America’s involvement – could advance the region’s standing on the world economic stage. This timely briefing from the Economist Intelligence Unit examines Latin American nations’ concerted efforts to strengthen trade ties by embracing regional integration and furthering global outreach. getAbstract recommends this cogent white paper to executives and trade experts for its constructive overview of a promising agenda.

In this summary, you will learn

  • Why Latin America is embracing open trade,
  • How countries in the region are working together and
  • What global opportunities Latin America is pursuing. 
 

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Since 2007, “protectionism and populism” have dominated politics in the major Latin American economies. But in response to the Trump administration’s questioning of existing US trade agreements, including NAFTA with Mexico and free trade accords with Latin American countries, the region is refocusing its efforts on economic growth through trade diversification. Coalitions of Latin American countries are pursuing greater regional integration while also seeking partnerships beyond the continent. This outreach builds on the existing initiatives of Mercosur, a customs union consisting of Argentina, Brazil, Paraguay and Uruguay, and of the Pacific Alliance, which includes Chile, Colombia, Mexico and Peru.


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