oo oten Latin America and theCaribbean all o political radarscreens in Washington. Nonetheless,geograph, robust trade and invest-ment ties, strong demographic links,and shared democratic and economic values connect Americans deepl with the region.In 2013 and beond, the sec-ond Obama Administration and Washington policmakers o allstripes should work to ashion a Western Hemisphere polic thatadvances U.S. national interests, pro-motes democratic and ree-market values, and activel combats crimi-nal and terrorist organizations.
Lad th Way to IncaTad.
Trade liberalization hasopened markets around the world toU.S. goods and services and has cre-ated a level o competition that leadsto innovation, better and less expen-sive products, higher-paing jobs or Americans, and the investment need-ed or long-term economic recover,growth, and continued prosperit.Foot-dragging throughout most o the rst Obama Administration andailure to push hard or congressio-nal approval o ree trade agreements(FTAs) with Colombia and Panamastalled the momentum generatedb previous U.S. Administrationsor more trade liberalization. I President Obama wants to increaseeconomic growth and job creationor Americans in his second term, heshould reassert U.S. leadership o hemispheric trade polic.To do so, the Administrationshould stop demanding unrealisti-call stringent labor and environ-mental standards in connection with the ongoing negotiations o theTrans-Pacic Partnership with 10other Pacic Rim countries includ-ing Canada, Chile, Mexico, and Peru.The Administration should also takeimmediate steps to end egregiousand long-standing U.S. protection-ist policies in the dair, sugar, andtextile sectors.
Back to Baic in Bazil.
Inthe past decade, Brazil has pursuedexport-driven policies that led toappreciation o the
while com-plaining about that ver apprecia-tion and introducing capital controls. While Brazil benetted immensel rom the run-up o commodit pricesin recent ears, it did not take su-cient advantage o the resultingprosperit to continue the reorms o the 1990s.Instead o reling solel on state-owned enterprises and exploita-tion o natural resources, Brazilcould achieve sustainable economicgrowth and productivit more eec-tivel b pursuing economic ree-dom—to include additional privati-zations o state-owned enterprises,liberalization o Brazil’s rigid regula-tor environment, and harmoniza-tion o the countr’s man dier-ent taxation regimes. The Obama
Administration should make thesereorms its top priorit when dealing with Brazil.
Hop o Haiti.
As the worldnotes the third anniversar thismonth o the devastating earthquakethat struck Port-au-Prince, Haitiis still the poorest countr in the Western Hemisphere—80 percentlive below the povert line and morethan hal the population suers inextreme povert—and its govern-ment remains nearl paralzedb corruption and poor manage-ment. The countr remains heavil dependent on oreign humanitar-ian aid and remittances, but those
Latin America and the Caribbean: A Wish List for 2013
James M. Roberts and Ray Walser, PhD
No. 3817 | JANUARy 7, 2013
This paper, in its entirety, can be ound at
Produced by the Center or InternationalTrade and Economics (CITE)
The Heritage Foundation
214 Massachusetts Avenue, NEWashington, DC 20002(202) 546-4400 | heritage.orgNothing written here is to be construed as necessarilyrefecting the views o The Heritage Foundation oras an attempt to aid or hinder the passage o any billbeore Congress.