Business in Latin America: A continental breadown

Originally published in TheEconomist.com

 

“ON MAY 23rd in the Colombian city of Cali the presidents of four Latin American countries—Chile, Colombia, Mexico and Peru—will sign an agreement removing tariffs on 90% of their merchandise trade. They will also agree on a timetable of no more than seven years for eliminating tariffs on the remaining 10%. They have already removed visa requirements for each other’s citizens and will proclaim their aspiration to move swiftly towards setting up a common market.”

Check out this visual representation of how countries are blocked together in Latin America regarding both their political, and more importantly, economic alliances: