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UNCTAD official says Latin America must diversify trade relations

Doha, Nov 3 (Prensa Latina) Latin America does not have to choose between the United States and China to benefit from the reorganization of global trade, Luz Maria de la Mora, an official at the United Nations Conference on Trade and Development (UNCTAD), affirmed.

De la Mora, also Director of the Division on International Trade and Commodities at UNCTAD, told Bloomberg during the World Investment Forum 2026 in Doha, Qatar, that both economies are vital to Latin America, both export destinations and sources for goods and inputs.

The official noted that amid tensions between the two powers, the region’s challenge is to diversify its trade and investment relations, identify competitive advantages, and strengthen its participation in global supply chains.

She pointed out that China is the leading trading partner for several South American nations, and the United States holds that position for Mexico and several Central American and Caribbean economies.

De la Mora suggested that Latin American countries should approach their relationship with both powers from a practical perspective, taking advantage of the opportunities offered by their markets and production chains.

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