| Publication |
2013.
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| Summary/Abstract |
This article presents a brief characterization of Latin America and the Caribbean's foreign trade, as well as its trade integration efforts. The first section examines the region's recent trade performance in terms of share in world trade, trade openness, main partners, most dynamic sectors, and export concentration. Particular emphasis is placed on the dynamics of the region's foreign trade in the past decade, including the growing importance of trade with China and its implications. The second section focuses on the recent evolution of intra-regional trade and of regional economic integration initiatives. The third section deals with trade negotiations with extra-regional partners. The fourth and final section outlines some policy challenges the region faces to increase the contribution of trade to its development prospects.
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