Latin America

According to the document prepared by the analyst, "Report of the Development of Latin America and the Caribbean for the period 2006-07, due to rapid growth of trade between both regions, the bilateral volume could approach the end of this year at 80.000 million dollars. Last year, the volume totaled 70.2 thousand million dollars 50,000 million compared to 2005. Trade between both regions is characterized by the concentration and, despite a balanced framework, some countries suffer from an imbalance with China. 80 percent of trade volume is divided between Brazil (18,500 million), Mexico (10,400 million), Chile (7940 million), Argentina (5140 million), Venezuela (4130 million), Peru (3640 million) and Panama ( 3470 million), according to the Academy for the first eleven months of 2006. In the case of Brazil, is the tenth spot on the list of Latin American countries that export to China, and at the same time is the tenth country which has a trade surplus with China. Similarly, bilateral trade between China and Mexico, the North American country ranks tenth among the countries that recorded a deficit with China. The Latin American and Caribbean countries that recorded a surplus with China are Argentina, Brazil, Chile, Peru, Venezuela, Jamaica and Costa Rica. Take into account as directed, China formally joined the Caribbean Development Bank and is an observer at the Economic Commission for Latin America and the Caribbean (ECLAC), the Association for the Integration of Latin America and the Caribbean, Inter-American Development Bank, the Organization of American Nations and the Latin American Parliament.