“I feel a very important wave coming…actually no, I fell we are on the wave right now.”-Rodrigo Contreras, Mexico’s Trade Commissioner in Shanghai

Trade between China and Latin America shot up in 2010, by 51%.  China’s trade with Latin America is growing twice as fast as U.S. trade.

Not only has trade grown, but China has reduced its trade deficit with Latin America as well.  Most of the trade has been in raw materials/natural resources.  Officials want to move towards trading other products in the future.