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Going regional: Ecuador, Brazil, Venezuela and Bolivia's small businesses set out to tap one another's markets.
- Article from:
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Latin Trade
- Article date:
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August 1, 2007
- Author:
- Verdezoto, Maria Elena
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Establishing an agreement for government purchases and creating a market for South American products are two big proposals that Ecuadoran President Rafael Correa presented to his colleague, Luiz Inacio Lula da Silva, in his first official visit to Brazil in April. The proposal, which will include Venezuela and Bolivia, is one of many projects aiming to increasingly integrate those and other South American economies.
Such an agreement initially would facilitate business in the trade of goods and services of US$6 billion annually among Ecuador, Brazil, Venezuela and Bolivia, says Ecuador Foreign Minister and Minister of International Trade Maria Fernanda Espinosa. The ...