In recent years, economic opportunities have become the main force driving relationships in the Western Hemisphere. While political cooperation has stumbled, robust trade and financial engagement have been shown to be the best foundation for stronger partnerships between the countries of the region. But Latin American nations face enormous challenges in strengthening their international competitiveness, assuring their position in global finance and trade flows, and achieving equitable growth.
The Inter-American Dialogue seeks to encourage further economic integration and cooperation by building a better understanding of the major trends affecting trade, foreign investment, and economic development in the Americas.
[Ecuador's comments about a shift toward China] is a narrative that we're hearing across the entire region, and I think it's not without reason. China has now surpassed the United States in all but Colombia, Ecuador and Paraguay, and it may soon be the largest partner for those countries as well. It’s not as though the United States is no longer a critical ally for countries in the region. It’s just that China is very much present in sectors where the United States is not.
[The Biden administration] is reluctant to make a change [to sanctions policy in Venezuela] that could really backfire politically.