Political Risk Latin America Blog @PolRiskLatam

Dynamic Engagement In Latin America

Posted in News and Articles, Political Risk by politicalrisklatam on September 20, 2010

by Voice of America News, September 19th, 2010.

This policy seeks to advance U.S. interests in partnership with Latin America as a whole, while recognizing the value of accommodating diverse needs and interests.

Speaking to the Americas Conference, U.S. Assistant Secretary of State for Western Hemisphere Affairs Arturo Valenzuela said the United States is pursuing a new approach of dynamic engagement in Latin America.  This policy seeks to advance U.S. interests in partnership with Latin America as a whole, while recognizing the value of accommodating diverse needs and interests.

Promoting social and economic opportunities in Latin America is a key component of U.S. policy.  Already, trade with the region is very robust.  In 2009, total U.S. merchandise trade with Latin America reached $524 billion.  More than 40 percent of Latin American exports flowed to the U.S., making the U.S. the region’s single largest export destination – and the Western Hemisphere, including Canada absorbs 43 percent of U.S. exports.

The United States has long been a leader in promoting open markets around the hemisphere, said Assistant Secretary Valenzuela, and this will continue.  President Barack Obama is committed to moving forward with both the Panama and Colombia Free Trade Agreements once remaining issues have been resolved. (continue reading… )

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