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Review of US BU contributions in Latin America & Caribbean
08 Mar '07
1 min read
On the eve of President Bush's trip to five Latin American countries, the U.S. Chamber of Commerce today released a detailed analysis of the positive contributions U.S. business is making in Latin America and the Caribbean through jobs, trade and investment.
"The president's trip presents a welcome opportunity to highlight the relationships being forged by U.S. businesses and their counterparts in Latin America and the Caribbean," said John Murphy, Chamber vice president for international affairs.
"The region is one of critical importance to our economy and leaders throughout the hemisphere must remain committed to expanding opportunities for those relationships to evolve and expand."
U.S. companies have created 1.6 million jobs in the region and have invested 20 times as much in Latin America and the Caribbean as they have in China, according to the Chamber. More than one-fifth of total U.S. exports go to the region, driven in part by new free trade agreements. For instance, trade with Chile has expanded two-and-a-half fold since a bilateral FTA entered into force in 2004.
"The president's trip presents a welcome opportunity to highlight the relationships being forged by U.S. businesses and their counterparts in Latin America and the Caribbean," said John Murphy, Chamber vice president for international affairs.
"The region is one of critical importance to our economy and leaders throughout the hemisphere must remain committed to expanding opportunities for those relationships to evolve and expand."
U.S. companies have created 1.6 million jobs in the region and have invested 20 times as much in Latin America and the Caribbean as they have in China, according to the Chamber. More than one-fifth of total U.S. exports go to the region, driven in part by new free trade agreements. For instance, trade with Chile has expanded two-and-a-half fold since a bilateral FTA entered into force in 2004.
US Chamber of Commerce
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