Figure 4b. Impact of deepening the EU-Latin America FTA network on trade flows between LAC and the EU, China, and the US (US$ bn) - trade with Latin America and the Caribbean (excluding Mexico)

Bar chart showing the estimated trade flows between Latin America and the Caribbean (LAC) with the European Union (EU), China and the United States under different scenarios of deepening the network of free trade agreements (FTAs), specifically the trade with Latin America and the Caribbean (excluding Mexico).
Notes: trade flows are calculated as the average of exports and imports; the data for the baseline scenario refer to the year 2019. Baseline Scenario: Existing EU-LAC integration (current bilateral agreements). Scenario 1: EU-MERCOSUR agreement. Scenario 2: EU-MERCOSUR agreement + medium-deep EU-LAC integration and medium intra-LAC integration. Scenario 3: EU-MERCOSUR agreement + deep EU-LAC and intra-LAC integration.
Chart: Juan Carlos Berganza, Rodolfo G. Campos, Antoni Estevadeordal, Ernesto Talvi, Jacopo Timini, Elcano Royal Institute.Source: The authors.Get the data