|Exporting to South America - Best Prospects in seven (7) Markets --|
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Exporting to South America - Best Prospects Webinar is an excellent opportunity for new and experienced exporters to learn about seven (7) different markets in South America: Argentina, Uruguay, Chile, Peru, Ecuador, Colombia and Venezuela. Commercial Officers from these countries and expert speakers will address the opportunities and best prospects for U.S. business in these markets.
There is a distinguished bilateral commercial history that the U.S. and Argentina share, with new opportunities for future trade and investment. The United States is Argentina's third largest trading partner (after Brazil and China), and the Argentine Government Investment Agency recently cited the U.S. as the "most active" country investor in Argentina.
Chile is a promising market for a wide range of U.S. goods and services. The symbolic importance of the Chile-USA Free Trade Agreement (FTA) far outweighs the economic size of Chile. As one of the most dynamic and promising markets in the region, Chile holds a commercial influence in South America due to the energy and professionalism of its entrepreneurs, the transparency of its regulation and the predictability of its decision makers.
Colombia ranks solidly with the group of progressive, industrializing countries worldwide that have well-diversified agriculture, resources, and productive capacities. Currently, Colombia is the fifth largest market for U.S. exports in the region, and is ranked 29th as a market for U.S. exports globally. Colombia has become one of the most stable economies in the region. Improved security, good government policies, steady growth, controlled inflation and a wide range of opportunities combined with a relatively stable political environment vis-à-vis neighboring Andean countries, make it worthwhile for U.S. exporters to take a serious look at Colombia. Colombians are passionate about furthering economic growth in their country and committed to increasing trade and U.S. exports between the U.S. and Colombia. Learn about the status of the US-Colombia Trade Promotion Agreement.
The Peruvian economy continues to out-perform its regional neighbors and most other global economies. In 2008, for the second straight year, Peru achieved economic growth rates exceeding 9%. This growth has helped fuel strong demand in Peru for U.S. products. In 2008, American exports to Peru increased by 50%, exceeding the 2007 growth rate of 41%. In just the past two years, annual U.S. exports have risen by over 100%, from $2.9 billion to $6.2 billion, making Peru the 35th largest market for U.S. exports worldwide. Learn about the U.S.-Peru Free Trade Agreement.
Uruguay is a market-oriented economy in which the State still plays a role. It has experienced robust rates of growth of over 7% for the past 5 years. Uruguay has diversified its trade in recent years and reduced its longstanding dependency on Argentina and Brazil. It is a founding member of MERCOSUR, the Southern Cone trading bloc also composed of Argentina, Brazil and Paraguay, which is in process of integrating Venezuela. Imports from the United States surged in recent years following the economic upturn, from under $200 million in 2003 to about $600 million in 2008.
Venezuela is the sixth most populous nation in Latin America (27m population) and is the U.S.'s fifth-largest export market in Latin America. In light of current conditions, U.S. exporters to and investors in Venezuela are well-advised to perform their risk-return calculations carefully, mindful of the uncertainties, but aware of the opportunities in the Venezuelan market. The U.S. remains Venezuela's most important trading partner, claiming more than half of Venezuela's exports (primarily petroleum and petroleum products) and a significant portion of imports.
Ecuador is a small- to medium-sized market for U.S. exports. In 2008, U.S. exports grew 22 percent over 2007, for total U.S. exports to Ecuador of $3.3 billion.
|Debora Sykes, Central-Southern NJ|
|Diego Gattesco, Wheeling|
Senior International Trade Specialist
Phone: 304 243 5493
|Leslie Drake, Charleston WV|