Latin America is Enjoying Growing Prosperity as the Region Develops Everstronger Economic Ties With Asia.

When Chinese President Hu Jintao took his first tour of Latin America in 2004, he left a whirlwind of multibillion-dollar investment pledges, trade commitments and cooperation agreements in his wake, leaving the door open for increased Sino–Latin American economic ties. He returned to the region again earlier this year, opening the door a bit further, perhaps mindful that other Asian tigers are quickly following suit to seek Latin American opportunities of their own.

“It’s with humbleness and certain optimism that we are witnessing that the world’s trade routes are now changing direction and heading ‘South-South,’” said Luis Alberto Moreno, president of the Inter-American Development Bank (IDB) during the China–Latin America Business Summit in Chengdu, China in October. The IDB organized similar forums in Korea in 2007 and Japan in 2009. China joined the IDB last year; Japan and Korea were already members.

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Michael Diaz Jr. - Diaz Reus International Law Firm on:

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