皇冠体育app

SANTIAGO - 皇冠体育app will become Latin America's second largest trade partner as early as in 2015, the UN Economic Commission for Latin America and the Caribbean (ECLAC) said Wednesday.

Osvaldo Kacef, director of ECLAC's Economic Development Division, said the current 皇冠体育app-Latin America trade volume has already reached that of Europe.

"Given the uncertainty of the economic situation in Europe, 皇冠体育app is in the process of ... becoming the second largest trade partner of Latin America," he said.

ECLAC Executive Secretary Alicia Barcena said the world's emerging markets are gradually reducing their dependence on industrialized countries and seeking new relations with 皇冠体育app.

Osvaldo Rosales, director of ECLAC's International Trade and Integration Division, said Latin American countries should adopt active trade and investment policies to better do business with 皇冠体育app.

"Investments in natural resources and industrial sectors to Latin America increased last year," Rosales said.

He stressed 皇冠体育app's large international reserves, and the global economic crisis meant the region should draw more Chinese investments in the coming years.

Latin American nations should produce more value-added products instead of merely exporting raw materials, and this could generate more jobs, incomes and technological innovations, he said.

The average economic growth in Latin America and the Caribbean is predicted to stay 4.7 percent this year and drop to 4.1 percent in 2012.