Latin America gains weight in the agri-food balance with Spain and the EU

“As a consequence of the global power shifts and the conversion of Asian markets into engines of trade, the EU has lost an important market share in Latin America and the Caribbean in the last two decades, mainly in favor of China. ”, According to a report by the Research Service of the European Parliament (EP). Spain sells 3.1% of its agri-food exports in Latin America, a lower volume than that sold in Asia or North America, according to the Ministry of Agriculture, Fisheries and Food (MAPA). But Spain could find opportunities in Latin America for value-added foods or with Denomination of Origin, such as wines, cookies or oils, according to sources in the sector. An example is the pact with Mercosur, which has yet to be ratified, as it offers opportunities to the wine, spirits, dairy or oil industries. On the contrary, the Spanish livestock sector and the citrus sector see it as a threat. “Outstanding” sales in Latin America Joaquín Arias, an international technical specialist ...