Trade between Korea, Latin America Showing Annual 17% Growth on Average

December 7, 2015

It has been found that the volume of trade between Korea and Latin America has grown at an annual average of 17 percent since 1990 with Korea purchasing a variety of products from the continent. According to the Inter-American Development Bank’s recent report on the current status and future prospects of economic cooperation between Latin America and Korea, the volume of trade skyrocketed from US$3.8 billion to US$54 billion between 1990 and last year while the annual average growth rate stood at 7 percent between Latin America and Japan and 14 percent between Latin America and East Asia.

Read Full Article: Link


Topics: FOREIGN DIRECT INVESTMENT (FDI) ECONOMIC GROWTH INTER-AMERICAN DEVELOPMENT BANK (IDB)

Regions: LATIN AMERICA AND THE CARIBBEAN (LAC)

Authors: BUSINESS KOREA

RTA

In Other News

APEC Leaders Debate Approach to Trade Tensions, WTO Issues at Port Moresby Summit

November 22, 2018

Leaders from 21 Asia-Pacific Economic Cooperation (APEC) economies wrapped up their annual summit this past weekend in Port Moresby, Papua New Guinea, tackling a host of subjects relating to region...READ MORE

EU, South Africa Discuss Options for Closer Economic Ties at Presidential Summit

November 22, 2018

South African leaders met with their European counterparts in Brussels for a presidential summit on 15 November to discuss future opportunities for cooperation, including on economic issues. Discus...READ MORE