Cu Chi Loi, Director of the Institute of American Studies, described Latin America as a dynamic region with plenty of investment opportunities. The PA currently ranks 8th among the world’s largest economies, with its export value ranked 7th globally, he noted.
Chilean ambassador to Vietnam Fernando Urrutia in turn emphasized that the PA creates an open economy that gives priority to eliminating trade barriers and advancing global integration.
Other issues raised for discussion also covered opportunities, challenges, and commitments of the PA, as well as its influence on countries in the Western Pacific region, including Vietnam, China, and Japan.
Established in 2012, the PA aims to fully develop into an integrated economic unit of the Latin American region, with a closer connection with Asia-Pacific countries.
