LatAm economic thinktank calls for business alliances to tap Chinese market

Latin American business leaders should build alliances across the continent to exploit China's market, a senior official of the Economic Commission for Latin America and the Caribbean (ECLAC) said on Monday.

No country is yet able to take on all the opportunities that the Chinese market presents, said Osvaldo Rosales, head of the ECLAC's international trade department.

A number of fields including technology, investments, air transport, tourism and education are expected to benefit from the establishment of such alliances, Rosales said at the ECLAC-organized conference entitled "Trade and Economic Opportunities in the China-Mexico Affairs, in a Latin American Context."

He also mentioned Mexico's free trade treaty with the United States, and the Central American Free Trade Agreement, saying both deals make it easier for involved countries to set up joint ventures, trade, and investment projects in China.

Eduardo Soho Garza, public policy coordinator for the Mexican president's office, emphasized the importance of China in international trade and called for further efforts to boost trade and investment with the Asian country.

Source: Xinhua