Latin America's relationship with India is far below its potential, especially when compared with China maintained with
India is a "strategic partner" with enormous potential for the region due to its economic boom, said today experts convened by the Latin American Integration Association (LAIA) during a meeting in Uruguay's economy in China was analyzed.
As explained by the coordinator of the Latin American Centre for Asia-Pacific, Ignacio Bartesaghi, one of the participants in the meeting, the possibilities offered by India are comparable to those of China.
"Latin America's relationship with India is far below its potential, especially when compared with China which is maintained," he said.
He added that "in a few years, India will be the world's most populous country, surpassing even China," an outlook on the Latin American countries "to react".
Bartesaghi said that at present, India exports to Latin America "electronic goods, textiles and medicines", while Latin American countries send raw materials and energy resources that are key to the Asian economy.
For this reason, the Indian government has alliances with several countries in Latin America to obtain oil.
Also signed a trade agreement with Mercosur (block consisting of Argentina, Uruguay, Paraguay, Brazil and Venezuela), which, in the opinion of Bartesaghi, "needs to be deepened."
"India has come a long way since its initial maintaining trade protectionism now with Latin America, but it is still necessary that the agreement with Mercosur extension to other products and other business objectives," said the expert.
Bartesaghi noted that Chile is today the country of the region to get a better exchange with India.
For the government of India trade relations with Latin America and the Caribbean can be increased to U $ S 25 billion in 2015 through the effective promotion of exports, also optimistically believe could double in the next five years, up to U $ S 60 billion if the growth rate remains stable.