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From strangers to partners in the hemisphere: New Prospects in Australia’s Economic Relations with Latin America

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  • Don Kenyon
  • Pierre van der Eng

Abstract

From marginal relevance, the trade and business relations between Australia and Latin America have grown during the past two decades. A proximate reason is that they diversified to encompass a greater range of manufactures and services. Differences in the business environments of Australia and Latin America remain that are obstacles to further expansion of these relations. The ultimate reason for the growth and diversification of these relations is that Australia and its key business partners in Latin America (Argentina, Brazil, Chile and Mexico) experienced the impact of processes of trade liberalisation, market deregulation and structural reform during the past two decades. Australia and these Latin American countries now share common interests in fostering business relations, for which there are opportunities at multilateral, plurilateral and bilateral levels.

Suggested Citation

  • Don Kenyon & Pierre van der Eng, 2011. "From strangers to partners in the hemisphere: New Prospects in Australia’s Economic Relations with Latin America," CEPR Discussion Papers 650, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    • Handle: RePEc:auu:dpaper:650
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    File URL: https://www.cbe.anu.edu.au/researchpapers/CEPR/DP650.pdf
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    References listed on IDEAS

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    Cited by:

    1. Germán H. GONZALEZ & Alexis S. ESPOSTO & Valentina N. VIEGO, 2015. "Reciprocity in bilateral trade flows: An empirical analysis for trade between Australia and Latin American countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(1), pages 31-44.
    2. Alexis Esposto & Ricardo Pereyra, 2013. "Actual and Potential Trade Flows between Australia and Latin America," Economic Papers, The Economic Society of Australia, vol. 32(4), pages 477-495, December.

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    More about this item

    Keywords

    Trade; Investment; Australia; Latin America; Economic Relations;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

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