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Latin America commerce halt with China could be catastrophe, says outgoing OAS chief
The Tycoon Herald > Economy > Latin America commerce halt with China could be catastrophe, says outgoing OAS chief
Economy

Latin America commerce halt with China could be catastrophe, says outgoing OAS chief

Tycoon Herald
By Tycoon Herald 6 Min Read Published May 25, 2025
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US stress on Latin America to chop commerce with China might result in financial catastrophe as a result of the area is so depending on commerce with Beijing, in response to the outgoing head of the principle political discussion board grouping 35 nations throughout the Americas.

Luis Almagro, secretary-general of the Organisation of American States for the previous decade, informed the Monetary Instances in an interview forward of his departure on Might 25 that commerce with China was important.

“China is the biggest or second biggest trading partner of practically every Latin American country. Take that out of the equation . . . and you are going to have a very violent regional economic disaster,” he mentioned.

The Trump administration has been urgent Latin American nations to downgrade relations with Beijing. It has compelled Panama’s exit from the Belt and Highway infrastructure initiative, hinted at commerce sanctions on Colombia if it joins Belt and Highway, and urged Mexico to cut back Chinese language funding in its factories.

However Almagro, a 61-year-old Uruguayan diplomat who’s stepping down this month after 10 years main the Washington-based OAS, mentioned that “the worst thing that can happen to Latin America is to be forced to choose” between the US and China.

© Martin Bernetti/AFP by way of Getty Pictures

“You must have the best trade relations you can with everyone,” he mentioned.

Trump has pushed aggressively in his second time period to reassert US management over the American-built Panama Canal, ceded to Panama on the finish of the final century beneath a global treaty.

In his first administration he revived the thought of the Monroe Doctrine, a nineteenth century idea that Latin America was a zone of unique US affect.

“The stronger you are, the more power you have, the more you are obliged to keep to agreements you have signed,” Almagro mentioned of the US and Panama. “That’s a demonstration of your strength and your integrity. For us, that should never be in doubt.”

Almagro gave a bleak evaluation of Latin America’s progress over the previous decade. Repeated failures of political management had compounded long-standing issues of discrimination and inequality, holding again financial progress, he mentioned.

The reply was “better democracies”, with correctly functioning establishments, respect for the rule of regulation, clear elections, freedom of expression, higher social equality and fewer discrimination.

In his native Uruguay, typically held up for instance of profitable improvement, the marginalisation of teams corresponding to single moms and folks of African descent has not modified since independence from Spain within the early nineteenth century, he mentioned. “Two hundred years later, we have the same social structure.”

In his decade on the OAS, a discussion board for political co-operation and selling democracy and human rights throughout the Americas, Almagro was identified for outspoken criticism of Venezuela’s authoritarian socialist authorities and Cuba’s communist rulers.

His leftwing Frente Amplio social gathering in Uruguay expelled him in 2018 for aligning himself too carefully with the primary Trump administration’s efforts to pressure regime change in Caracas by means of “maximum pressure” sanctions.

Almagro is unrepentant, lashing out at what he known as the “very poor” improvement of ideology in Latin America throughout the political spectrum. “We are stuck in a personal confrontation between leaders,” he mentioned. “Ideas have disappeared and enmities have remained.”

Neither Venezuelan President Nicolás Maduro nor Cuban President Miguel Díaz-Canel are real leftwingers, he says. “Call them fascist dictators and where are you wrong? Nowhere.” However each are more likely to stay in energy, due to a “well-oiled repressive machine”, he mentioned.

Michael Shifter, former president of the Inter-American Dialogue think-tank in Washington, mentioned Almagro inherited a troublesome activity on the OAS.

“The cost of his principled stand on Venezuela, which he deserves credit for, was that he alienated other governments,” he mentioned. “In their view, if you are leading a multilateral organisation, you need to consult and seek consensus.”

Almagro’s successor is Albert Ramdin, the previous overseas minister of Suriname, a Caribbean nation with 630,000 folks.

Ramdin has beforehand served as OAS assistant secretary-general however Shifter mentioned he confronted a troublesome problem as he takes up his new publish on Might 30. “It will be very very difficult, especially with the US,” he mentioned. “He doesn’t inherit a very robust organisation.”

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