A Look at Business and Trade in Latin America

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A Look at Business and Trade in Latin America

Washington, DC
Tuesday, July 31, 2012

U.S. officials said Tuesday that aid to El Salvador could be withheld depending on how that country resolves its recent political problems in the judiciary branch.

Those comments came at a Senate Foreign Relations Subcommittee hearing on the opportunities and challenges facing U.S. companies doing business in Mexico, Central America and South America.

Other witnesses testified about China’s efforts in recent years to boost commodity exports from the region in competition with the U.S.

Sen. Robert Menendez (D-NJ) chaired this hearing of the Western Hemisphere, Peace Corps and Global Narcotics Affairs Subcommittee of the Senate Foreign Relations Committee.

Panel One examined the Obama administration's perspective on trade promotion with Latin America. Matthew Rooney, deputy assistant secretary of State for Economic Affairs, Western Hemisphere Bureau, is responsible for U.S. trade policy in Latin America. Francisco Sanchez, undersecretary of Commerce for international trade, helped coordinate the National Export Initiative, an administration project to double U.S. exports by 2014.

Panel Two considered the concerns of American businesses. Eric Farnsworth, vice president of the Council of the Americas, is an expert on hemispheric affairs. Jodi Hanson Bond, vice president of the Americas Division at the U.S. Chamber of Commerce, oversees the Chambers' Brazil-U.S. Business Council, U.S.-Mexico Leadership Initiative, and Association of Chambers of Commerce in Latin America (ACCLA) initiatives.

Updated: Friday, August 3, 2012 at 12:58pm (ET)

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