Dispatches from Latin America and the Caribbean are expected to grow 21% this year

Increase will occur due to Chinese demand and recovery in the U.S..

ECLAC - Economic Commission for Latin America and the Caribbean - announced yesterday, two days, forecast high of 21.4% in exports from the region by the end of the year. The projection was presented in Chile by the organization's executive secretary, Alicia Bárcena, in releasing the study of international integration Panorama of Latin America and the Caribbean 2009-2010 .

According to the report, the increase will be provided mainly because of increased demand from China and the recovery of the U.S. market. The executive also stressed the fact that the restructuring of the global economy is currently driven by the sale of raw materials coming from emerging nations, especially countries in South America

South American shipments to China fell 2.2% in the first half of 2009, but in the same period this year, exports from Latin America and the Caribbean 44.8% progressed to the Asian country. According Bárcena, most exports comprised agricultural products, livestock and minerals, countries in South America

The ECLAC report highlights that sales of the Andean countries will grow 29.5% in the period and Mercosur exports increase by 23.4% and the Central American Common Market will be 10.8% only. The country shall be the highest increment Chile, up 32.6% in sales, while Panama and Mexico will develop only 10.1% and 16% respectively.

The executive said that the export policies of the countries of South America followed different path in relation to Mexico and Central America in the last decade. Sales outside of South America more than doubled, while the sales rate of the Central American countries and Mexico fell by more than 50%.
She said the participation of Mexico in exports from the region was 40% in 2000 and fell to 30% last year. In contrast, the share of Brazil increased from 13% to 20% over the same period.

According Bárcena, the region needs to improve the quality of integration in the international market by investing more in product diversification, technological innovation, greater regional cooperation and competitiveness, so you can seize the opportunities of international trade and grow with more equality. (Source: guiamaritimo.com.br)

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