At the end of April the Latin American News Dispatch reported that Chile was one of four Latin American countries to sign an agreement to work towards integrating their economies and promoting trade with Asia. By strengthening their ties with Asia the countries hope to develop "deep integration" that would make the exchange of people, goods, and services easier.
This group, that includes: Chile; Mexico; Columbia, and Peru, have the potential to become Latin America's largest trading block. Their total economical market surpasses $872 billion, this makes up over55% of Latin America's exports.
Nothing is set in stone quite yet. this agreement is looked at as more of a "road map" of where the countries would like to end up. they have hope that the possible integration will increase the $6 billion in trade between the four Latin countries and Asia seen last year.
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