Japan’s Economic Relations with Latin America: Prospects and Possible Lines of Action
During the last decade trade between Latin America and Japan has increased considerably. The annual value of exports from Latin America to Japan rose at a cumulative annual rate of over 9 per cent — almost 10 per cent in the last few years — leaving a trade surplus for Latin America. Thus, the total value of the region’s exports, which in the fifties hardly reached U.S. $250 million, increased to $1,020 million in 1970; this figure corresponds now to almost 7 per cent of Latin America’s total exports. This increase was larger than that of Latin American exports to other regions, except for the socialist area, which increased its imports from Latin America due mainly to sugar shipments from Cuba.
KeywordsLatin American Country Japanese Market Financial Relation Japanese Investment Japanese Export
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