The economic plan of President Joe Biden for Latin America is gaining traction after facing several setbacks. The plan aims to bolster economic opportunities in the region in order to tackle problems such as poverty, migration pressures and Chinese influence.
The ministers of trade from the 12 countries in the Americas Partnership for Economic Prosperity, including US Trade Representative Katherine Tai, recently held their first virtual meeting since the initiative was launched at a presidential summit in November. Despite facing delays last year, the ministers are looking forward to meeting in person in Ecuador this summer to further discuss and advance the economic plan.
The goal of these high-level meetings is to promote collaboration and development among the region’s trading partners. By working together, the countries hope to create more opportunities for economic growth and prosperity in Latin America. This initiative is seen as a vital step in addressing the challenges that the region faces and strengthening its position in the global economy.
