Chile, Mexico and Peru became members of the Trans-Pacific Partnership (CPTPP) Comprehensive and Progressive Agreement in March. The agreement reduces tariffs between 11 countries, including Japan and Canada, which account for 13% of the global economy. In the context of President Trump`s withdrawal from the agreement and doubts about the future of NAFTA, the CPTPP shows that Latin American nations still have an appetite for trade agreements. Lopez, D. and Munoz, F. (2020), “China`s trade policy toward Latin America: an analysis of free trade agreements policy,” Asian Education and Development Studies, Vol. before pressure. doi.org/10.1108/AEDS-08-2019-0133 Work as a trade bloc allows all member countries to access existing bilateral agreements and facilitate the signing of free trade agreements with economies seeking access to the Latin American market, for example by negotiating an agreement between the Alliance and Australia and New Zealand. The rise of populism, President Donald Trump`s “Make America Great Again” mercantilism, the escalating trade war between the United States and China, and the fear of a global recession indicate a new protectionist era. Nevertheless, new trade agreements are still being signed, perhaps the largest in Latin America, where at least some politicians remain enthusiastic about free trade.

The region reflects the current pressure and the train on the conditions of globalization and on how the ideas that originally pushed it are launched. The biggest challenge for UK plc is to successfully manufacture and sell the products and products that Latin America wants. Brazil is currently Britain`s largest trading partner, but the target is only 0.63% of exports. Mexico stands at 0.42%, followed by Chile with 0.15%. Meanwhile, the UK`s largest import source is Brazil with 0.51%. A trade deal would be nice, but as China has shown, you can do good business with Latin America without an agreement. Take, for example, Mercosur. Brazil`s exports to Argentina increased following the signing of the agreement in 1991, but fell shortly after Argentina`s economic collapse in 2001. Instead, the main driver of trade for Brazil has been China`s rapid rise as a production power. In 2009, it became Brazil`s largest trading partner and the largest commodity market, as shown in the graph below.

According to the United Nations, according to the United Nations, it continues to buy more raw materials in Brazil than any other country. All this without a trade agreement between the two, and even with some commercial sputum thrown.

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