Latin America and Biden Launch Summit to Improve Trade

Many foreigners have been killed, injured or kidnapped by Hamas in Israel

In his effort to counter China’s influence, President Joe Biden hosted leaders from 11 countries on Friday for the first summit of the Alliance for Economic Prosperity in the Americas (APEP), which will study how to strengthen the trade relations.

In addition to the United States, representatives from Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, Peru, Dominican Republic, Uruguay, Canada and Barbados attended the White House meeting.

Among them at least 7 presidents of Uruguay, Luis Lacalle Pou, Dominican Republic, Luis Abinader, Costa Rica, Rodrigo Chaves, Ecuador, Guillermo Lasso, Chile, Gabriel Boric, Peru, Dina Boluarte and Colombia, Gustavo Petro.

Many of these countries, such as Colombia, Mexico and Chile, came to Washington angry about an issue that has nothing to do with APEP but could be raised: the Israeli bombings in the Gaza Strip, which caused more than 9,000 death. , according to Hamas sources, in retaliation for the attack on members of this Palestinian Islamist movement in which at least 1,400 people, mostly civilians, died.

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Latin American leaders may take the opportunity to ask Biden to promote a ceasefire.

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In any case, everyone complains that the United States has abandoned them on a commercial level.

China, an indispensable trading partner of Latin America, is seizing the opportunity to gain weight with a checkbook.

During the Summit, Biden will “reiterate the commitment” to “deepening economic integration” in America, “promote more inclusive and sustainable economic growth” and discuss the “underlying” economic causes of irregular migration, White said. House reports announcing the President’s agenda for this Friday.

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Immigration is a big concern for the Democratic leader, who Republicans accuse of not doing enough to stop it at the Mexican border.

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The agenda is also set to discuss clean energy to promote decarbonization, tools to mobilize investment and supply chains.

In a Responsible Investment Forum organized by the Inter-American Development Bank (IDB), several countries insisted on Thursday that the summit will not remain in vain and asked for “specific projects” that will bring results.

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As an appetizer, the Secretary of the Treasury of the United States, Janet Yellen, urged them to take advantage of the “unique opportunity to work together more closely” in what she called “friendshoring”, which is equivalent to “diversifying the chains with a variety of trusted allies and partners.

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This Friday he received them for breakfast at the Treasury Department.