Contact us
 |
[email protected] |
 |
3275638434 |
 |
 |
| Paper Publishing WeChat |
Useful Links
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Sino-European Trade Competition in Latin America and the Caribbean
Author(s)
Wioletta Nowak
Full-Text PDF
XML 2507 Views
DOI:10.17265/1537-1506/2014.09.002
Affiliation(s)
Wioletta Nowak, Ph.D., University of Wroclaw, Wroclaw, Poland.
ABSTRACT
The article studies trade in goods between China and the Latin American and Caribbean (LAC) countries and between the European Union (EU) and LAC during the years from 2000 to 2013. From the beginning of the 21st century, big changes in LAC’s trade patterns have been observed. The article contains possible explanation of them. The analysis is based on the ECLAC (Economic Commission for Latin America and the Caribbean) data. Merchandise trade between China and LAC grew significantly over the period from 2000 to 2013. In 2013, the value of merchandise exports from China was higher than from the EU-28 in the case of 12 LAC countries. Chinese imports of goods surpassed the European ones in five countries in the region. In order to increase its exports of manufactured goods and imports of natural resources and agricultural commodities, China combines trade arrangements with foreign aid policy. Besides, a rapid development of bilateral diplomatic ties between China and LAC is observed. The EU-LAC trade relations have worsened during the last decade mainly due to financial crisis and development of the EU-Asia trade relations.
KEYWORDS
China, merchandise trade, foreign aid, European Union (EU)
Cite this paper
References
Bárcena, A., & Rosales, O. (2010). The People’s Republic of China and Latin America and the Caribbean: Towards a strategic relationships (Economic Commission for Latin America and the Caribbean, Chile).
Bárcena, A., Prado, A., Rosales, O., & Pérez, R. (2012). Latin America and the Caribbean and the European Union: Striving for a renewed partnership (Economic Commission for Latin America and the Caribbean, Chile).
Economic Commission for Latin America and the Caribbean. (2014). Statistics and indicators. Retrieved from http://www.cepal.org/comercio/ecdata2
European Union-Latin America and Caribbean Foundation (EU-LAC Foundation). (2014). Retrieved from http://eulacfoundation.org/en/about-us
Gallagher, K. P., Irwin, A., & Koleski, K. (2012). The new banks in town: Chinese finance in Latin America. Retrieved from http://www.thedialogue.org/PublicationFiles/TheNewBanksinTown-FullTextnewversion.pdf
Jiang, S. (2006). A new look at the Chinese relations with Latin America. Retrieved from http://www.nuso.org/upload/articulos/3351_2.pdf
Lee, B. (2014). Chinese President Xi Jinping brings billions on visit to Latin America. Retrieved from http://www.ibtimes.com/chinese-president-xi-jinping-brings-billions-visit-latin-america-1635626
Nowak, W. (2014). Development effectiveness of foreign assistance. Nierówności Społeczne a Wzrost Gospodarczy, 38(2), 74-84.
Organisation for Economic Co-operation and Development., & World Trade Organization. (2013). Aid for trade at a glance 2013: Connecting to value chains. Retrieved from http://dx.doi.org/10.1787/aid_glance-2013-en
Ratliff, W. (2009). In search of a balanced relationship: China, Latin America, and the United States. Asian Politics & Policy, 1(1), 1-30.
Roy, J. (2012). European Union-Latin American relations in a Turbolent Era. The Jean Monnet/Robert Schumann Paper Series, 12, 1-33.
World Trade Organization. (2014). List of all RTAs. Retrieved from http://rtais.wto.org/UI/PublicAllRTAList.aspx