From strangers to partners in the hemisphere: New Prospects in Australia’s Economic Relations with Latin America

Don Kenyon and Pierre van der Eng ()

No 650, CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Economics, Australian National University

Abstract: From marginal relevance, the trade and business relations between Australia and Latin America have grown during the past two decades. A proximate reason is that they diversified to encompass a greater range of manufactures and services. Differences in the business environments of Australia and Latin America remain that are obstacles to further expansion of these relations. The ultimate reason for the growth and diversification of these relations is that Australia and its key business partners in Latin America (Argentina, Brazil, Chile and Mexico) experienced the impact of processes of trade liberalisation, market deregulation and structural reform during the past two decades. Australia and these Latin American countries now share common interests in fostering business relations, for which there are opportunities at multilateral, plurilateral and bilateral levels.

Keywords: Trade; Investment; Australia; Latin America; Economic Relations (search for similar items in EconPapers)
JEL-codes: F13 F21 F23 F59 (search for similar items in EconPapers)
Date: 2011-06
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Persistent link: http://EconPapers.repec.org/RePEc:auu:dpaper:650

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