China`s emergence in the international trading system has shifted its focus, as the country has become one of the mayoral actors in international economic relations. By drawing preferential agreements, China is establishing a network of strategic partnerships around the world, including Latin America. The aim of this paper is to answer the following questions: Do free trade agreements between China and Latin American countries help increase trade flows and improve product diversification? This study contributes to the understanding of bilateral trade relations between China and Latin American countries and demonstrates the extent of the effects of free trade agreements. With new data at a six-digit level of detail, this study improves current knowledge of bilateral economic relations. Here is a list of the free trade agreements that include the United States. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry into force. The rise of populism, President Donald Trump`s “Make America Great Again” mercantilism, the escalating trade war between the United States and China, and the fear of a global recession indicate a new protectionist era. Nevertheless, new trade agreements are still being signed, perhaps the largest in Latin America, where at least some politicians remain enthusiastic about free trade. The region reflects the current pressure and the train on the conditions of globalization and on how the ideas that originally pushed it are launched. Starting with the Theodore Roosevelt government, the United States has become an important player in international trade, particularly with its neighboring territories in the Caribbean and Latin America.
Today, the United States has become a leader in the free trade movement and supports groups such as the General Agreement on Tariffs and Trade (later the World Trade Organization). [Citation required] More than 300 free trade agreements are currently in force around the world. They come in different shapes and sizes, but the common thread is discounted rates. About 35 free trade agreements – one-tenth in total – have been signed by countries in Latin America and the Caribbean.