Opportunities for trade and investment between Latin America and Asia-Pacific: the link with APEC

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.2971-P
cepal.docTypeLibros y documentos institucionales
cepal.idSade34520
cepal.jobNumberS2008911 E
cepal.physicalDescriptiongráficos, mapas, tablas
cepal.regionalOfficeSantiago
cepal.saleNumber08.II.G.70
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngTRADE POLICY AND TRADE AGREEMENTS
cepal.topicEngTRADE IN GOODS AND SERVICES
cepal.topicEngRELATIONS BETWEEN LATIN AMERICA AND ASIA-PACIFIC
cepal.topicEngINVESTMENT
cepal.topicEngREGIONAL INTEGRATION
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaPOLÍTICA COMERCIAL Y ACUERDOS COMERCIALES
cepal.topicSpaCOMERCIO DE BIENES Y SERVICIOS
cepal.topicSpaRELACIONES DE AMÉRICA LATINA CON ASIA Y EL PACÍFICO
cepal.topicSpaINVERSIÓN
cepal.topicSpaINTEGRACIÓN REGIONAL
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.entityNU. CEPAL
dc.contributor.entityPerú. Ministerio de Comercio Exterior y Turismo
dc.coverage.spatialEngASIA
dc.coverage.spatialEngCHINA
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaASIA
dc.coverage.spatialSpaCHINA
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2014-01-02T15:10:50Z
dc.date.available2014-01-02T15:10:50Z
dc.date.issued2008-11
dc.descriptionIncludes bibliography
dc.description.abstractAlthough trade and investment between Latin America and the Caribbean and the Asia-Pacifi c region have recovered since the Asian crisis and are continuing to expand, thanks especially to the upsurge in trade fl ows with China, biregional economic links generally remain weak and show little diversifi cation. For most of the countries in Latin America and the Caribbean, the Asia-Pacifi c region is still a largely unexploited market despite its impressive record in areas such as growth, international trade, foreign direct investment (FDI), technology upgrading and innovation capacities, as well as its continuously expanding foreign reserves. The present dynamic aggregate demand of the countries of the Asia-Pacific region, especially China, offers Latin America and the Caribbean unprecedented production and export opportunities, both in commodities and in manufactures and services. The Latin American and Caribbean region's authorities should thus redouble their efforts to identify and capitalize on such new opportunities to enhance their countries' potential complementarities with the Asia-Pacific region. A number of important events have been organized in recent years to address the nature and scope of cooperation between the two regions. However, these initiatives have stopped short of institutionalizing high-level political talks or implementing plans and programmes aimed at strengthening economic, political and cultural ties. There is a lack of awareness about the importance of biregional trade and investment, and there have been few coordinated strategies between countries or regional groupings for seeking closer trade and investment links with the Asia-Pacifi c region. Approaches to that region by Latin America and the Caribbean have thus far been sporadic and piecemeal, and have chiefl y been confi ned to the conclusion of bilateral free trade agreements. Until recently, Asia-Pacific regional integration has centred around its burgeoning intraregional trade flows, which are being driven by the increasing production and trade complementarities of the different countries' manufacturing sectors. Intra-industry trade (i.e., cases where a country both imports and exports similar but not identical products) has expanded signifi cantly as the specifi c advantages of production and marketing chains are exploited more effectively. This de facto (market-led) integration process in the Asia-Pacific region is now being reinforced by de jure (government-led) integration, and strong production and trade relations are being complemented by free trade agreements of various types that aim to consolidate such links. To take full advantage of Asian trade-cum-investment dynamics, Latin America and the Caribbean must, as a matter of urgency, reorient and realign its relations with the Asia-Pacific region in order to sustain its commodity exports while producing more value added and more technologically complex manufactures for that market. The strategy in this regard should be to: (i) promote the Latin American and Caribbean region's participation in Asian supply chains with a view to boosting the value added and technology/knowledge content of its exports (including its exports of resource-based products; and (ii) forge closer trade relations by such means as joint export promotion campaigns, trade alliances among enterprises in the two regions and free trade agreements in order to address market-access problems. Latin American and Caribbean companies should endeavour to build ties with successful Asia-Pacific firms and to form part of the supply chains for their production and distribution units, including those of the natural-resource-based manufactures that are currently being exported to the Asia-Pacific region. The call for greater biregional business alliances also applies to Asia-Pacific countries, which are global players in the market for technology-intensive goods and labour-intensive sectors such as footwear, textiles and apparel, and some segments of electronics. In these sectors, Asia-Pacific competes directly with North American, European and Latin American firms in the Latin American and Caribbean market. The strategic position of the Asia-Pacifi c region in relation to other suppliers suggests that, in order to secure an even larger share of the Latin American and Caribbean market, these countries need to strengthen their links with Latin American and Caribbean economies by building up alliances and promoting various forms of mutually benefi cial business cooperation.
dc.description.tableOfContentsAPEC in the world economy .-- Latin America and the Caribbean and the Asia-Pacific region in the world economy .-- Trade and investment links between the Latin American and Caribbean and Asia-Pacific region .-- De facto (market led) integration between Latin American and the Caribbean and Asia-Pacific region .-- De jure (government led) integration in and between the two regions.
dc.formatTexto
dc.format.extent99 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.2971-P
dc.identifier.urihttps://hdl.handle.net/11362/2916
dc.language.isoeng
dc.physicalDescription99 p.: grafs., maps., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.translationLanguagespa
dc.relation.translationRecordOportunidades de comercio e inversión entre América Latina y Asia Pacífico: el vínculo con APEC
dc.relation.translationUrihttps://hdl.handle.net/11362/2915
dc.rights.coarDisponible
dc.subject.unbisEngAPEC
dc.subject.unbisEngCONFERENCES
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngINTERNATIONAL ECONOMIC RELATIONS
dc.subject.unbisEngECONOMIC INTEGRATION
dc.subject.unbisEngEXPORTS
dc.subject.unbisEngIMPORTS
dc.subject.unbisEngTRADE STRUCTURE
dc.subject.unbisEngFOREIGN DIRECT INVESTMENT
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngTRADE STATISTICS
dc.subject.unbisEngTRADE IN SERVICES
dc.subject.unbisSpaAPEC
dc.subject.unbisSpaCONFERENCIAS
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaRELACIONES ECONOMICAS INTERNACIONALES
dc.subject.unbisSpaINTEGRACION ECONOMICA
dc.subject.unbisSpaEXPORTACIONES
dc.subject.unbisSpaIMPORTACIONES
dc.subject.unbisSpaESTRUCTURA DEL COMERCIO
dc.subject.unbisSpaINVERSION EXTRANJERA DIRECTA
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaESTADISTICAS COMERCIALES
dc.subject.unbisSpaCOMERCIO DE SERVICIOS
dc.titleOpportunities for trade and investment between Latin America and Asia-Pacific: the link with APEC
dc.type.coarlibro
dspace.entity.typePublication
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