Asian commercial expansion into Latin America: From commodities to consumers
Commercial ties between Asia and Latin America (LATAM) aren’t new. For decades, the relationship was defined by a long-distance exchange of raw materials, agricultural goods and strategic resources flowing from Latin America to Asian manufacturing hubs. What’s new is the depth, speed and nature of Asia’s current expansion into the region.
Over the past two decades, and with particular intensity since the mid-2010s, Japan and South Korea, followed more recently by China, transformed their engagement with Latin America. The relationship with China has evolved from one dominated by commodities-for-manufactures trade into a far more complex ecosystem that...
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