“Promoting Business With Latin America”
The United States and its partners in Latin America are actively engaged in addressing a number of challenges that stand in the way of maintaining a productive business climate
The future of the United States is closely linked to the futures of the countries of Latin America. As President Barack Obama said, we are bound by a rich and shared history, cultural ties, and proximity. And as we look to the future, it’s critical that we strengthen these ties in ways that benefit all partners.
The United States has formed numerous business partnerships with its neighbors, partnerships that benefit all sides, said Department of Commerce Under Secretary for International Trade Francisco Sánchez in his recent testimony before the United States Senate Committee on Foreign Relations.
“Our Latin American trade agreements, which cover over 70 percent of our regional trade, do more than just eliminate tariffs,” he said. They remove tariff and non-tariff barriers, secure strong intellectual property protections, and provide transparency, predictability and recourse.
The United States and its partners in Latin America are actively engaged in addressing a number of challenges that stand in the way of maintaining a productive business climate, such as inadequate infrastructure, outdated customs procedures, corruption, and inadequate protection of intellectual property rights.