From Strangers to Partners in the Hemisphere: New Prospects in Australia’s Economic Relations with Latin America

ANU Centre for Economic Policy Research Discussion Paper No. 650

Posted: 6 Apr 2012 Last revised: 9 Apr 2012

See all articles by Don Kenyon

Don Kenyon

ANU Centre for European Studies

Pierre van der Eng

Australian National University - College of Business & Economics

Date Written: April 6, 2011

Abstract

From marginal relevance, the trade and business relations between Australia and Latin America have grown during the past two decades. A proximate reason is that they diversified to encompass a greater range of manufactures and services. Differences in the business environments of Australia and Latin America remain that are obstacles to further expansion of these relations. The ultimate reason for the growth and diversification of these relations is that Australia and its key business partners in Latin America (Argentina, Brazil, Chile and Mexico) experienced the impact of processes of trade liberalisation, market deregulation and structural reform during the past two decades. Australia and these Latin American countries now share common interests in fostering business relations, for which there are opportunities at multilateral, plurilateral and bilateral levels.

Keywords: Trade, Investment, Australia, Latin America, Economic Relations

JEL Classification: F13, F21, F23, F59

Suggested Citation

Kenyon, Don and van der Eng, Pierre, From Strangers to Partners in the Hemisphere: New Prospects in Australia’s Economic Relations with Latin America (April 6, 2011). ANU Centre for Economic Policy Research Discussion Paper No. 650, Available at SSRN: https://ssrn.com/abstract=2035227

Don Kenyon

ANU Centre for European Studies ( email )

Canberra, ACT 0200
Australia

Pierre Van der Eng (Contact Author)

Australian National University - College of Business & Economics ( email )

Research School of Management
26C Kingsley Street
Acton, ACT 2601
Australia
+61 2 6125 5438 (Phone)
+61 2 6125 8796 (Fax)

HOME PAGE: http://https://www.cbe.anu.edu.au/about/staff-directory/?profile=Pierre-van%20der%20Eng

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