Economic and trade relations between China and Latin America increasingly close

From 2000 to 2009 years, Latin America and China trade volume in Latin America, the proportion of GDP increased from 5.9% to 29.6%

【 Choi new network 】 IDB Research Department at Merrill Lynch Global Latin America economic research and head of fixed income strategy, said that Latin America DavidBeker and Chinese strategic linkages between intensifies, trade and financial flows more closely.

September 16, attended the Beijing DavidBeker at its second session, "China-Latin America Investment Forum", said that the strengthening of the two areas of trade, on Latin American economic growth constitute positive impact, especially Chile and Peru these dependent on commodity exports of economies.

Beautiful Silver Merrill Lynch international corporate and investment banking Executive Vice President JimQuigley also said China and Latin America is the world's fastest growing economies of the two. Chinese demand for commodities, and abundant natural resources and focus on cost-benefit of Latin American funds hit it.

According to IDB Merrill Lynch a press release, 2000-2009 years, Latin American exports to China increased by $ 5 billion of trade between 580 billion dollars. In the same period, the Chinese exports to Latin American trade from 45 billion 420 billion, Latin America and China trade accounted for Latin America as a percentage of GDP increased from 5.9% to 29.6%.

DavidBeker that Latin American exports to Asian goods has been increasing, largely driven by commodities. While China has been increasing on the Latin American investment, mainly in the field of raw materials, including oil, iron ore, soybean and copper.

DavidBeker also said that the recent private sector reached an agreement on long-term loan and currency swap agreements to China and Latin America trade settlement. China also is planning no longer use the dollar as the currency of Brazil's trade settlement.