03.05.2013 - Trade in Latin America: Oceans apart
Latin America, once as riddled with tariff barriers as it is with rivers, mountains and jungles, is about to claim global tradeís starring role. The race to head the World Trade Organisation (WTO) is now down to a Mexican and a Brazilian. Their candidacies highlight a schism that splits the region down the middle. In terms of competence there is probably little to separate Herminio Blanco, the Mexican, from his Brazilian rival, Roberto AzevÍdo. Mr Blanco casts himself as an outsider, who proved his credentials when he negotiated Mexicoís entry into the North American Free-Trade Agreement (NAFTA) in 1994. Mr AzevÍdo has been Brazilís ambassador to the WTO since 2008, which he says has given him a ringside seat on its problems...............................................Full Article: Source
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