Latin America economic growth is forecast to be one of the strongest globally, rising from close to 3% in 2015 to an expected 3.6% in 2019. Brazil (growth projected to increase to 3.5% by 2019), Chile (4.5% by 2019) and Colombia (4.6% by 2019) are anticipated to be the key motors of regional growth.
While West Midlands exports to Latin America since 2009 have been strong – 85% by the end of 2013 – overall at less than 2% of West Midlands total exports, the current level of penetration is modest. Thus, there is considerable potential for deepening this relationship, and building on the vibrant growth sustained between 2009 and 2013 – Brazil (export growth 87% during this period), Chile (203%) and Colombia (30%).
You can learn more about your own company’s potential from the country experts speaking at the Regional Investment and Export Prospects event, taking place Thursday 16 October 2014, 12.00- 14.30, Birmingham Chamber of Commerce, 75 Harborne Road, Edgbaston, Birmingham B153DH.
You can also arrange in advance to have a 1-2-1 meeting with the UKTI trade representatives (to book a meeting call 07703 735 408).
More information on the West Midlands Economic Forum you can find here.