Heraldo Muñoz, Minister of Foreign Affairs of Chile, states the country’s integration strategy “We believe that the regional market is the most appropriate for export diversification. It is the most important market for exports of manufactures and services, and for most exporting companies, especially small and medium-size enterprises,” said Heraldo Muñoz, Minister of Foreign Affairs of Chile, addressing attendees at the celebration of the 40th anniversary of the Latin American Program of the Wilson Center, in Washington D.C. However, intra-regional trade is not large enough in Latin America. While it represents 69 percent of total trade in Europe, and 50 percent in North America, it’s only 26 percent in Latin America and the Caribbean, the Minister said. “Regional integration […]
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