US pressure on Latin America to cut trade with China could lead to economic disaster because the region is so dependent on trade with Beijing, according to the outgoing head of the main political forum grouping 35 nations across the Americas.
Luis Almagro, secretary-general of the Organisation of American States for the past decade, told the Financial Times in an interview ahead of his departure on May 25 that trade with China was essential.
“China is the biggest or second biggest trading partner of practically every Latin American country. Take that out of the equation?.?.?.?and you are going to have a very violent regional economic disaster,” he said.
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