Shaping the Future of the Asia-Latin America and the Caribbean Relationship

Economic ties between Asia and Latin America and the Caribbean (LAC) have reached a turning point. In a mere decade, Asia has become LAC's second-largest trading partner. This dynamic trade relationship has boosted LAC's strategic and economic importance to Asia.

To expand these gains, governments must play a more decisive role. Their participation is critical in strengthening and balancing the three key pillars of any successful integration initiative: trade, investment, and cooperation. In its four chapters, the report identifies the challenges and opportunities in each of these pillars while drawing attention to the benefits of balancing their development.

This report is a collaborative effort by the Asian Development Bank, the Asian Development Bank Institute, and the Inter-American Development Bank.