News / 'Outlook dim for Latin America trade in 2016', but Mexico is still shining

© Philip M Shaw

Trade prospects for Latin America are looking distinctly dim this year, according to a recent Maersk Line trade report,

East coast volumes are predicted to shrink as major economies continue to struggle with recession, while west coast export nations face declining demand from China.

In the face of declining demand, LA countries are likely to be led into increasing competition with each other, according to Omar Shamsie, president of Maersk Line Latin America and Caribbean.

He added that some countries had begun to develop production ...