transpacific

Latin America's trade with the Indo-Pacific region has become more dynamic in the last decade. It occurred by the emergence of China as an economic power and by the efforts of Latin American integration mechanisms. During this period, LAC exports to the European Union decreased, and those to the United States slowed down. For Latin American and Caribbean countries, the shift from the centre of the world economy to the Pacific basin means the opportunity to decrease their historical dependence on the West and the North Atlantic.