US mulls wider trade pact with Latin America

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Info Sur Hoy | 2013-12-17

U.S. mulls wider trade pact with Latin America

WASHINGTON, D.C., U.S.A. – The United States is exploring the idea of setting up a wider regional trade pact with Latin America, Secretary of State John Kerry said on Dec. 15.

“I believe we could look to a stronger set of initiatives between Canada, the United States, Mexico particularly, and the rest of Latin America,” Kerry told CNN Español.

He could foresee a wider pact beyond the North American Free Trade Agreement (NAFTA), which groups the United States, Canada and Mexico.

The United States already has economic ties with 12 nations in Latin America, he said, adding “we’re very strongly connected. We have six different trade agreements that constitute those 12 countries including the Caribbean.”

The top U.S. diplomat said he had instructed his staff to explore the possibility of deepening the trade links with the region, and that he had already had “encouraging” talks with a number of experts.

“We’re going to try to do our due diligence on this, and I’m really hopeful,” he added. “I would like to see us try to get something in place.”

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source: Info Sur Hoy