Concern over China’s economic clout has created “a hell of a chance” for the US to pass legislation paving the way for more free trade deals with Latin American countries, said President Joe Biden’s special adviser for the region.
Former senator Chris Dodd said he was increasingly optimistic about the Americas Act getting through Congress this year — which would harmonise and expand existing US trade deals with Latin American nations and offer incentives to “nearshore” production from China.
“We’d love to see the Americas Act passed,” Dodd told the Financial Times on the sidelines of the Concordia Americas summit in Miami this week.
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