Latin America Trade May Grow 15 Percent in 2010, Bladex Says

by Dave

Bloomberg.com

Latin American foreign trade will increase as much as 15 percent in 2010 as a global economic recovery and rebound in commodity prices bolster exports, according to Banco Latinoamericano de Comercio Exterior SA (Bladex). The Panama City-based bank, was created by Latin American central banks in 1979 to provide trade financing in the region

The region’s exports fell 31 percent in dollar terms in the first half of 2009 while imports dropped 29 percent, according to the United Nations’s Economic Commission for Latin America and the Caribbean. Amaral, who gave a growth forecast range of between 10 percent and 15 percent for 2010, declined to give a trade estimate for this year.

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