Latin American countries looking to negotiate with Asia as a block
Eleven Latin American countries located on the Pacific are analyzing coming together as a block to increase their trade exchanges with Asian nations.
Friday, October 3, 2008
The encounter, named the Latin American Pacific Arch, brings together ministers of Foreign Affairs, Trade and delegates from Colombia, Costa Rica, Chile, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama and Peru.
Looking toward Asia, the agreement that gives life to the Latin American and Pacific Arch Forum was sealed at the XVIII Ibero-American Summit in San Salvador.
Experts in trade, logistics, and infrastructure are holding a preparatory meeting for the 5th meeting of foreign ministers scheduled for March.
Guatemala is now the third Central American country to become an observer of the trade group comprised of Mexico, Colombia, Chile and Peru.
Costa Rica has been admitted as an observer, while Panama, which already had that status, now wants to become a full member of the group, which currently consists of Peru, Chile, Colombia and Mexico.
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