Latin American leaders will meet at an anti-inflation summit in Mexico

Mexico City (EFE) – The leaders of Mexico, Argentina, Brazil, Bolivia, Chile, Colombia, Cuba and Honduras, among other Latin American countries, will hold an economic and trade summit this Wednesday with fight against inflation as the main goal, which Mexican President Andrés Manuel López Obrador named a month ago.

According to López Obrador this Tuesday, 10 leaders will participate in the meeting, which will be virtual and before another larger one, including the president of Chile, Gabriel Boric; the one from Brazil, Luiz Inácio Lula da Silva; the one from Argentina, Alberto Fernández; the one from Colombia, Gustavo Petro; the one from Cuba, Miguel Díaz-Canel; the one from Honduras, Xiomara Castro; and the one from Bolivia, Luis Arce.

He also announced the presence of the Prime Minister of Belize Juan Antonio Briceño and the interim president of the Community of Latin American and Caribbean States (Celac) Keisal Melissa Peters, who also holds the office of chancellor of the Caribbean archipelago of Saint Vincent and the Grenadines.

This is the first (meeting), and then we will invite more. We will talk about how we exchange food, trade in food and raw materials, to face the problem of inflation together, to lower prices, to face shortages. That is the basic question,” he said Mexican president at his daily press conference.

Among the goals, López Obrador said at the time he called the meeting, was the exchange of food imports and exports and the abolition of tariffs.

Continue reading: Mexico calls for anti-inflation economic alliance in Latin America

Moderation of price growth, key at the anti-inflation summit

The meeting had its first contact on March 27, when the foreign ministers and ministers of these countries, as well as that of Venezuela, whose presence at the summit has not been confirmed, talked about economic and economic proposals to mitigate the inflationary effects on basket of basic foods in the region.

Among the previous agreements reached at that meeting, “it was agreed to work on a draft political declaration to achieve, in the short term, direct trade in basic goods and services,” according to Mexico’s Ministry of Foreign Affairs (SRE).

This is “based on tariff flexibilities and technical and administrative deregulations, as well as on the establishment of mechanisms that, in the medium term, enable the region to create food autonomy.”

Future agreements reached in anti-inflation summit They will include the ministries of economy, trade and agriculture of different countries, as well as producers, distributors, traders or importers, the government of Mexico explained.

According to the Economic Commission for Latin America and the Caribbean (ECLAC), only 9.6% of regional exports of products belonging to the basic basket are intended for the Western Hemisphere, while total imports amount to about 28%.

Photo: EFE/ Isaac Esquivel

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