Colombia Swaps Venezuela for Central America

Facing threats from the Venezuelan Government to suspend Colombian imports, entrepreneurs from this country are looking for alternative markets in Central America.

Wednesday, July 29, 2009

Access to the Ecuadorian market could also be restricted, if the political problem between Colombia, and Venezuela and Ecuador, deteriorates further.

An article on the subject in quotes Colombian Trade minister, Luis Guillermo Plata, as saying: "We must keep on looking for markets, this cannot be a response to the current conjuncture with Venezuela and Ecuador, it must be a constant effort. There are other markets, other partners, and we must move on", adding that "the markets demanding the most similar products to Venezuela and Ecuador, are the Central American ones, however, we will also make an effort to approach the Caribbean".

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Diversifying Export Markets

May 2010

If we take into consideration which economies fared better in the crisis, we should seek trade partners in Asia and not in Europe.

Manuel Hinds analyzed El Salvador’s economy and exports, and his findings can be applied to the entire region. Costa Rica has already started the essential road to diversify its exports markets by closing Free Trade Agreements with China and Singapore.

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