New Non-R Egi Onal Partners of Latin America: Challenges and Lessons for Russia

Abstract

The article examines the trade and economic relations of Latin American countries with individual non-regional partners represented by Japan, South Korea, India and Turkey. The main focus is on the evolution of the foreign economic relations of these countries with the Latin American region and the efforts of the governments of these states to develop them. The main features and trends of bilateral economic cooperation are revealed. The main indicators of trade and economic interaction of the studied countries with the Latin American region are given. Special attention is paid to the analysis of the situation with the conclusion of bilateral trade agreements. There is a clear desire on the part of Turkey to develop a dialogue with Latin American countries in the field of military-technical cooperation. A comparative analysis of the level and content of foreign economic relations with Latin America of the mentioned countries and Russia is carried out. It is concluded that recently there has been a noticeable intensification of trade and economic cooperation between Latin America and Japan, South Korea, India and Turkey, which creates certain challenges for the Russian Federation in terms of increasing the supply of export products to the region. In conclusion, a number of recommendations are formulated to increase the pace of cooperation between Russia and Latin-American countries in the context of increasing competition in the region from other states.