Publish in Special Reports - Monday, October 1, 2012
Japanese Prime Minister Yoshihiko Noda and Colombian President Juan Manuel Santos in New York last week. (Photo: Andres Piscov/SIG)
Colombia, here represented by the port of Cartagena, posted the strongest growth among Japan's top trade partners in Latin America. (Photo: SPRC)
Colombia sees strongest growth among top partners.
BY LATINVEX STAFF
Just as Colombia and Japan have announced their intentions to start negotiations for a free trade agreement, a Latinvex analysis shows that Colombia posted the highest growth among Japan’s leading trade partners in Latin America.
All in all, Japanese trade grew by 9 percent to $78.8 billion, according to the analysis of 2011 data from the Japan External Trade Organization (JETRO). The increase was mainly due to a strong -- 22.4 percent – growth in imports from Latin America, which ended up at $34.7 billion. That growth helped offset a 0.3 percent increase in Japan’s exports to the region, which totaled $44.1 billion.
Japan’s trade with Brazil and Chile also posted strong growth last year, while it fell with Panama.
Japan’s trade with Colombia ...
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