Trump prompts Latin America-Asia integration rethink
Wednesday, May 17, 2017
Subject
Latin America-Asia economic integration.
Significance
Protectionist rhetoric and actions from US President Donald Trump’s administration have led Latin America to consider new economic strategies. Countries are looking to deepen regional integration and forge new links with Asia, where trade has fallen sharply in recent years.
Impacts
- Deepening Asian trade links is critical for Latin America to return to sustained growth amid economic and political uncertainty.
- Several scenarios under discussion risk further bifurcating regional relations with Asia while leaving key market-access issues unaddressed.
- Closer Latin American integration would give it a stronger economic and political basis to negotiate with Asia.
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