Brexit Beyond Borders: Impact on Latin American Trade

A compelling piece analyzing the consequences and opportunities to LA after Brexit.

CSISReflexiones

By Nicole Ghazarian

The UK’s recent exit from the European Union (EU) has severely impacted the stock market, depreciated foreign currencies, and stimulated concern within the global economic market. As the attention has mostly been focused on Brexit’s potential effects on European economic behavior, only a few international economists have analyzed Brexit’s presumable effects on Latin America. The potential impact on Latin America could include: impeding the progress of current and future free trade agreements (FTAs); slowing global economic growth and hurting emerging markets; causing a lack of foreign direct investment (FDI) in the region due to the high level of economic uncertainty; and potentially re-stimulating a widespread anti-establishment sentiment throughout the region.

Notably, Latin America and the EU are closely linked with trade and investment. The EU is the third-largest export market for the Latin American region while the UK specifically is one of Latin America’s main foreign…

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