Latin American leaders urge regional trade
Latin American leaders vowed to boost trade and investment in the region to withstand a sharp economic downturn in the United States. «We have to learn to turn on our own motors,» Mexican President Felipe Calderon told the closing session of the two-day World Economic Forum on Latin America in Cancun.
Wednesday, April 16, 2008
The presidents of Guatemala, El Salvador, Honduras and Costa Rica, and the prime minister of Trinidad and Tobago, also attended the two-day forum _ a spin-off of the yearly meeting in Davos, Switzerland.
Panama City will receive more than 600 presidents and business leaders at the Annual Meeting of the World Economic Forum on Latin America in April 2014.
Transporting a truckload from Guatemala to Costa Rica takes four days, when the journey could be completed in 30 hours.
In spite of globalization driving various forms of private economic integration, there still remain custom and tariff barriers.
Ricardo Martinelli and the president of the World Economic Forum have agreed that Panama will be the site of the annual event in Latin America, when more than 1000 businesses from around the world will gather together.
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