Americas Conference Focused on Free Trade, Growth and Regional Integration; Latin America's Global Competitiveness Examined by Key Political, Economic Figures from the Region.
MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).
1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- The Ninth Annual Miami Herald Americas Conference focused on free trade and regional integration during its opening day yesterday. Several speakers and panels focused on China's interest in the region, and its likely impact. Jiang Shixue, Deputy Director of the Institute of Latin American Studies The Institute of Latin American Studies (ILAS) was set up in 1965 at the University of London, with the objective of providing postgraduate level teaching and a focus for research on the literature, history, politics and economics of Latin America and the Caribbean. at the Chinese Academy of Social Sciences The Chinese Academy of Social Sciences (Simplified Chinese: 中国社会科学院; Traditional Chinese: told the audience that China's intentions are economic, not political. Jose Maria Ayuso, executive vice-president of VISA International lead a panel on remittances in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , considered an important issue in the economies of the region. "In 2004, more than $45,000 billion was sent to Latin America and the Caribbean in the form of remittances," said Ayuso, with the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. and El Salvador El Salvador (ĕl sälväthōr`), officially Republic of El Salvador, republic (2005 est. pop. 6,705,000), 8,260 sq mi (21,393 sq km), Central America. topping the list.
President of Guyana Bharrat Jagdeo called for developed countries to approach the particularities that poorer markets face with flexibility when negotiating free trade agreements. Jagdeo discussed preferential treatment that could phase out over time. "We are not asking for a free ride, we just want transition periods to adapt to new international trade rules," concluded Jagdeo. "It is a big disadvantage to smaller countries that can't achieve the economies of scale that allow them to compete with more established markets," he said.
In contrast to Maisto, Argentina's ambassador to the OAS OAS
See: Option adjusted spread , Rodolfo Gil, said many Latin Americans regret having believed that economic reforms would help them share in the American dream. "We have witnessed further exclusion, poverty and alienation," he said. This, in turn, has slowed efforts to integrate trade and reduce barriers. This result represents an obstacle for the signing and passing of the summit's final accord.
Panamanian president Martin Torrijos wrapped up the day's program by highlighting the key role his country plays as headquarters of the Panama Canal, a cornerstone of world trade. Referring to recent protests in his country surrounding social security reform, Torrijos said current efforts at dialogue are aimed at reaching an agreement and preserving political stability. He added that Panama "hoped to achieve fiscal balance by 2007" as well as economic growth of 6 percent.
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