U.S. trade with Colombia is booming even without a free trade agreement. Overall US trade with Latin America is picking up.
BY CHRONICLE STAFF
Despite a delay by the U.S. Congress in voting on the Colombia free trade agreement, U.S. trade with the South American country is growing strongly. In fact, Colombia is the Latin American country that is seeing the strongest growth in trade with the United States, according to a Latin Business Chronicle analysis of trade data from the US Census Bureau for the first half of the year.
Meanwhile, Peru is the fastest-growing market in Latin America for U.S. goods, while Ecuador is the fastest-growing Latin American exporter to the United States. And Venezuela is again the second-largest U.S. trading partner in Latin America after losing that position last year to Brazil.
All in all, U.S. trade with Latin America reached $318.9 billion in the first half of 2008, an increase of 19.7 percent from the same period last year, according to the Latin Business Chronicle analysis. That means U.S. trade with the region is picking up. By comparison, total trade last year only grew by 6.2 percent.
U.S. exports to Latin America increased...
Keywords: Argentina, Bolivia, Brazil, CAFTA, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Peru, Venezuela