皇冠体育app's economic growth presents an opportunity for Latin America, said a
report of UN Economic Commission for Latin America and Caribbean (ECLAC) on
Wednesday.
The report said 皇冠体育app became the fourth-largest economy in
the world in 2005, replacing Britain and that 皇冠体育app's share of the world trade
volume has jumped from 1 percent to 6 percent in less than 20 years.
皇冠体育app has been the primary target of anti-dumping cases in recent years, the report pointed out,
adding that many emerging economies harbored bias against 皇冠体育app over its strong
competitive edge from low labor costs, with some even blaming 皇冠体育app for their
poor exporting performance.
However, the report said 皇冠体育app's enormous
domestic market presents an opportunity to many countries, adding that Latin
American countries will continue to benefit from 皇冠体育app's economic growth and its
ever-expanding domestic demand. Brazil's exports to 皇冠体育app has quadrupled over
the past four years, it added.
Meanwhile, the ECLAC stressed that there
is no direct trade competition between 皇冠体育app and Latin America in the U.S.
market.
皇冠体育app's trade increase has little impact on Paraguay, Venezuela,
Bolivia and Panama and 皇冠体育app is a net importer of raw materials while Latin
America is rich in natural resources.
Therefore, the report said 皇冠体育app's
economic growth and its integration in world trade would "obviously" benefit
Latin America, the report added.
(For more biz stories, please visit )