US mulls wider trade pact with Latin America

December 16, 2013

WASHINGTON, D.C. – The United States is exploring the idea of setting up a wider regional trade pact with Latin America, Secretary of State John Kerry revealed on Sunday.

“I believe we could look to a stronger set of initiatives between Canada, the United States, Mexico particularly, and the rest of Latin America. We could do more within the hemisphere,” Kerry told CNN Español.

He told the network’s Andres Oppenheimer and the Miami Herald newspaper that he could foresee a wider pact beyond the North American Free Trade Agreement, which groups the United States, Canada and Mexico.

The United States already has economic ties with 12 nations in Latin America, he said, adding “we’re very strongly connected. We have six different trade agreements that constitute those 12 countries including the Caribbean.”

The top U.S. diplomat said he had instructed his staff to explore the possibility of deepening the trade links with the region, and that he had already had “encouraging” talks with a number of experts.

“We’re going to try to do our due diligence on this, and I’m really hopeful. … I would like to see us try to get something in place.”

But Kerry warned some nations were not yet ready for such a move.

“We need to move some countries in Latin America along in order to try to really make that meaningful, because some of them don’t want it today,” he said. “It’s not that we wouldn’t try to move in that direction, but we still need to try to improve relationships.”

Kerry was speaking before he left for a visit to Vietnam and the Philippines seen as part of U.S. moves to strengthen plans for a Trans-Pacific Partnership (TPP).

Washington is also negotiating what is billed as the world’s largest free trade accord with the European Union, known as the Transatlantic Trade and Investment Partnership (TTIP).

Kerry said both deals were “critical,” adding that “for all of us, our future economy, economic growth and development is going to rely on moving both to Europe and to the Pacific.”

You may be interested

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada
Please Send Coffee!
1096 views
Please Send Coffee!
1096 views

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada

Gustavo Díaz Cruz - December 14, 2017

My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…

Response to disaster: aid successes, struggles in post-Maria Puerto Rico
Weather
1116 views
Weather
1116 views

Response to disaster: aid successes, struggles in post-Maria Puerto Rico

John McPhaul - December 13, 2017

As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…

Looking back at Hurricane Maria: the initial impact
Weather
1995 views
Weather
1995 views

Looking back at Hurricane Maria: the initial impact

John McPhaul - December 12, 2017

As Costa Rica joins many other nations in looking back upon the devastating 2017 hurricane season, longtime Tico Times contributor…