Among the factors that could dampen future export growth: a downturn in the prices of key commodities such as soybeans and copper, a slowdown in the U.S. economy, intensified competition from Asian textiles and apparel, and the currency appreciation experienced by most Latin American currencies.
Those factors could be counterbalanced, at least in part, if China and India maintain their high levels of economic growth, as well as by the expanding access to U.S. and Asian markets under deals such as the Central American Free Trade Agreement and agreements signed by Chile, Mexico and Peru in the framework of the Asia-Pacific Economic Cooperation group.
Click here to view Integration and Trade in the Americas – A Preliminary Estimate of 2006 Trade.
Inter-American Development Bank
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