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Our list of Latin America’s top trading partners shows declines in trade with East Asia, but growth with India and Europe.

India is the country that registered the largest year over year improvement in bilateral trade with Latin America according to the latest statistics on Latin America’s Top Trade Partners from Latin Business Chronicle. Bilateral trade with the subcontinent grew 46.7 percent in 2012 to $39.7 billion, bringing the country in at number 9 of the region’s top 15 trading partners. This is ahead of more tradition partners such as Italy, the United Kingdom, France, and Taiwan. The increase follows years ofefforts by leaders on both sides to improve commercial relations: Indian-Latin American trade has increased sixteen-fold since the beginning of the century, doubling since 2009 alone.

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