Labor & Economic News Blog

Tuesday, June 12, 2007

Latin nations bemoan China trade

Latin nations bemoan China trade
It is billed as a "competitiveness" forum bringing business and government officials from across the Western Hemisphere to Atlanta with the goal of boosting trade, investment and livelihoods for the region's 800 million citizens. But no global business conference escapes the shadow cast by the world's 800-pound trade gorilla — China. Monday's gathering at the downtown Marriott Marquis was no exception. Many Latin American countries, struggling already to escape poverty by shipping inexpensive products to the United States, continue to lose markets to even cheaper Chinese exports. The Asian behemoth's 2001 entry into the World Trade Organization — which governs the world's trading system — furthered China's assault on the manufacturing world.

 



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