China`s emergence in the international trading system has shifted its focus, as the country has become one of the mayoral actors in international economic relations. By drawing preferential agreements, China is establishing a network of strategic partnerships around the world, including Latin America. The aim of this paper is to answer the following questions: Do free trade agreements between China and Latin American countries help increase trade flows and improve product diversification? Venezuelan President Hugo Chavez, who called it an “annexation plan” and an “instrument of imperialism” for the exploitation of Latin America, was a strong critic of the free trade agreement. [7] As a counter-proposal to this initiative, it promoted the Bolivarian Alliance of the Americas (Alianza Bolivariana para las Américas, ALBA), which highlights the energy and infrastructure agreements, which are gradually being extended to other areas, in order to integrate the overall economic, political and military integration of the Member States. [7] Evo Morales of Bolivia called the U.S.-backed free trade zone an “agreement legalizing the colonization of the Americas.” [8] Lopez, D. and Munoz, F. (2020), “China`s trade policy toward Latin America: analysis of free trade agreements policy,” Asian Education and Development Studies, Vol. before pressure. doi.org/10.1108/AEDS-08-2019-0133 Read a preview of everything included in our service.

Ask for a free institutional trial for your entire organization. During the last round of negotiations, trade ministers from 34 countries met in November 2003 in Miami, Florida, USA to discuss the proposal. [1] The proposed agreement was an extension of the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States. Cuba, Venezuela, Bolivia, Ecuador, Dominica and Nicaragua (all entered into the Bolivarian alternative for America in response) and Mercosur member countries were opposed to this proposal. Discussions on issues similar to those of the Doha Round for development of the World Trade Organization (WTO) have stalled; Developed countries sought to expand trade in services and expand intellectual property rights, while less developed countries sought to end agricultural subsidies and free trade in agricultural goods. Like the WTO negotiations, Brazil has played a leading role among less developed countries, while the United States has played a similar role for developed nations. This study contributes to the understanding of bilateral trade relations between China and Latin American countries and demonstrates the extent of the effects of free trade agreements. With new data at a six-digit level of detail, this study improves current knowledge of bilateral economic relations. There are currently 34 countries in the Western Hemisphere that extend from Canada to Chile and still have the long-term goal of the free trade agreement. [11] The implementation of a comprehensive multilateral free trade agreement between all parties could be made possible by the extension of existing agreements. North America, with the exception of Cuba and Haiti (which has been involved in economic integration with Caricom since 2002)[12][13] is close to the creation of a subcontinent free trade area. On this date are the agreements within the territory of the Americas: the ESTV missed the 2005 deadline, which followed the cessation of the useful negotiations of the 2005 World Trade Organization Ministerial Conference.

[3] Over the next few years, some governments, particularly the United States, which have no chance of expanding hemispheric trade, have moved toward a series of bilateral trade agreements.

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