The North American Free Trade Agreement, or NAFTA, has been a controversial piece of legislation since its conception in 1994. This controversy has been reignited since Donald Trump, now the president of the United States, has repeatedly referred to NAFTA as ‘the worst trade deal ever signed’, and a threat to U.S. manufacturing jobs (New York Times). During his election campaign, one of the largest proposals of his platform was to withdraw from the agreement, an idea on which he has flip-flopped quite a bit since his 2017 inauguration.
Historically, Uruguay’s top trading partners have been its two neighboring countries, Brazil and Argentina. As a member of Mercosur, the Southern Cone Common Market, composed of many Latin American nations, the Pacific bordering nation has enjoyed elite trading opportunities between the other Mercosur members (Australian Government).
The following contribution presents key arguments and findings from the paper ‘Business Power and the Politics of Postneoliberalism: Relations Between Governments and Economic Elites in Bolivia and Ecuador’, published by the author in the journal Latin American Politics and Society (vol. 58, no. 2, DOI: http://dx.doi.org/10.1111/j.1548-2456.2016.00313.x).
On Tuesday, January 26, 2016, the Obama Administration announced that it would loosen trade agreements between the US and Cuba.1 While the embargo between the two countries is still in place, and not likely to be overturned by congress anytime soon, restrictions on exports and shipping have been eased. The new trade agreements will take effect on February 3, 2016 and will allow for goods from the US to go directly to Cuba.
Turkey is interested in subscribing free trade agreements (FTA) with Latin American and Caribbean countries with the aim of strengthening trade exchanges. Turkish president, Tayyip Erdogan visited Latin America hoping to boost trade by 2030. Exchanges between Turkey and Latin America have experienced a significant increase from $USD 1 billion in 2014 to near $USD10 billion.