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What is the Nature of Canada-Latin America Relations?

What is the Nature of Canada-Latin America Relations?

Canadian companies looking to expanding their businesses should consider the opportunities available to them through strengthening Canada-Latin America relations. This means they ought to think about the commercial and bilateral trade and opportunities and agreements granted by the developing relationships between Canada and key Latin American markets. Canada-Latin America trade relations have been interlocked for many years and continue to promote and support each other in economic, social and political endeavours. Free Trade Agreements (FTAs) have allowed the globalized north and south to strengthen their access to each other’s markets abroad and important benefits. BizLatin Hub provides an extensive comprehension of commercial and trade relations between Canada and Latin America. Continue reading to understand further about how BizLatin Hub can help your business expand into Canada or Latin America. The core of Canada-Latin America trade and commercial relations  NAFTA has enabled Canada to sign trade agreements with nations in the region. The foundations for trade and commercial relations between Canada and Latin America were laid down for hundreds of years. However, these relations intensified when the North America Free Trade Agreement was signed in 1992 and then later came into force in 1994. The North American Free Trade Agreement (NAFTA) links Canada’s economy to the rest of the Americas like never before.  NAFTA is defined as a free-trade region between the United States, Latin America, and Canada. The establishment of NAFTA has enabled Canada to sign trade...

Belize Strengthening International Trade Relations

Belize Strengthening International Trade Relations

Belize is making great efforts to strengthen its international trade relations and attract new business to its shores. The focus is on both existing and new trade relationships.The Belizean government undertook several country visits, meetings, and other engagements in order to strengthen its international ties with significant partners. We outline the most recent and most important international trade relationships developing in Belize.  Overview: Belize international trade relations Belize is focussed on furthering trade relationships with a number of key partners, including Mexico, Florida (US) and Taiwan. Trade relationship with Mexico in construction sector development  A delegation from the Belizean government visited Merida City in Mexico for technical exchange. The Ministry of Housing and Urban Development aims to strengthen Belize's trade relations with Mexico regarding construction sector development. The 2 countries are progressing through a Building Sector Reform Project in partnership with the Belizean Economic Development Council. The goal of that project is to improve and modernize the business climate and sustainability of planning and developing within the Belizean construction sector. As part of developing the Belize-Mexico trade relationship, a delegation from the Belizean government visited Merida City in Mexico for technical exchange. The delegation assembled with the Merida City Council and the Department of Urban Development. The purpose of this exchange was to strengthen the institutional capacity of key public agencies in the areas of...

Trade and Business Development in the Andean Community of Nations

Trade and Business Development in the Andean Community of Nations

Follow important business development in the Andean Community of Nations to understand the future of trade access in Latin America. As a company looking to expand into Latin America, consider the opportunities generated by powerful regional trade agreements, and how your business operating within Latin America can access important consumer markets abroad. Nine countries in Latin America are part of the Andean Community. It is important to know about business opportunities this great trade alliance has to offer exporters and importers in Latin America. Gain more insight into this regional trade environment that is growing quietly at a rapid pace. What is the Andean Community of Nations? The Andean Community of Nations aims at improving the standard of living of the countries’ populations through regional integration and economic and social corporation. On May 26, 1969, five South American countries (Bolivia, Colombia, Chile, Ecuador, and Peru) signed the Cartagena Agreement, an agreement aimed at improving the standard of living of the countries’ populations through regional integration and economic and social corporation. The Cartagena Agreement eventually formed the Andean Community of Nations (Comunidad Andina).The Andean Community of Nations is a regional bloc, made up of these 5 countries, that intends to stimulate industrial, agricultural, social, and trade development, through greater regional integration. In a collaboration agreement with Mercosur, the Andean Community added four new partner members: Brazil, Paraguay, Argentina, and Uruguay. These four...

China and Latin America Trade: Mercosur, Belt and Road, and BRICS

China and Latin America Trade: Mercosur, Belt and Road, and BRICS

Latin American powers are looking to expand trade and innovation channels with the rest of the world. As the region continues to grow at an exponential rate, the region can enjoy greater attention from global powers and diversify its trade portfolio. China continues to influence Latin America trade and investment, and is reaching out to regional leaders to peddle its Belt and Road Initiative, a program of work that aims to connect China with the rest of the world through interconnected, streamlined trade routes. We look at the potential for future China-Latin America Trade through Mercosur, the Belt and Road Initiative, and other avenues. Latin America Trade: Mercosur Mercosur is a regional trade bloc made up of Brazil, Argentina, Paraguay and Uruguay (Venezuela was originally a member but was suspended in 2016). The bloc was formed to develop greater economic integration between member parties, supporting growth and connectivity through shared trade policies. These countries have a collective population of more than 250 million people. Their aggregate economic activity represents nearly 75% of that of South America as a region. Mercosur countries have a total GDP value of around US$5 trillion, and as such the bloc is considered the fourth largest in the world (behind the European Union, North American Free Trade Agreement, and Association of South East Asian Nations). Mercosur is considered by member countries’ governments as “a platform to the region which must be open to the world,” and has therefore recognized several ‘Associate members.’ This includes Chile, Peru,...

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