Move Over EU, China To Become Latin America's 2nd Biggest Trade Partner By 2016

[Judi Lynn]

Move Over EU, China To Become Latin America's 2nd Biggest Trade Partner By 2016
By Patricia Rey Mallén
on December 30 2013 4:09 PM

2013 saw the beginning of some beautiful friendships in Latin America: between China and Mexico; between China and Brazil, and between China and Costa Rica. The economic advancements of the Asian giant into Latin America appears unstoppable, and it does not show any signs of slowing down.

Furthermore, analysts point out that, in a few years’ time, China could surpass the European Union in terms of total bilateral trade volume with the region, second only to the United States.

According to a study published by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), China will surpass the EU as the second-largest economic partner (after the U.S.) in 2016, should current trends in exports remain steady.

Part of the reason behind China’s surging trade with Latin America relative to Europe is that the EU is still struggling to recover from the 2008 financial crisis, providing Beijing with an easy access into Brazil, Mexico and other Latin states.

More:
http://www.ibtimes.com/move-over-eu-china-become-latin-americas-2nd-biggest-trade-partner-2016-1522732







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[dipsydoodle]

1. Main thing is that Latin America has both the EU and China as large markets.

Happy New Year.