October 30, 2012

Romney Must Romance Brazil

Wingfield & Woods, Bloomberg Businessweek

AP Photo

Mitt Romney’s plan for a Latin American trade region to enhance U.S. export prospects faces an enduring problem: Two decades after President Bill Clinton proposed a similar idea, the region’s biggest economies remain as mistrustful as ever. Establishing accords with South America’s largest economies -- Brazil and Argentina -- would be difficult after leaders of the two nations joined with Venezuala’s Hugo Chavez in 2005 to sink the U.S. proposal to create a region-wide trade zone, according to regional experts.

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TAGGED: 2012, Mitt Romney, Trade, United States, Brazil, Argentina, Latin America

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