United States: trade agreements with Colombia, Ecuador, and Peru
This week, U.S. Secretary of State Marco Rubio began a tour of three Latin American countries: Colombia, Ecuador, and Peru. These state visits are intended to negotiate trade agreements and strengthen strategic influence, which appear to be key priorities on Washington’s agenda.
Why these three countries, and why now?
Colombia has just undergone a major political shift, with President Abelardo de la Espriella taking office in August and quickly strengthening ties with Washington.
Peru also has a new administration and sits at the heart of the U.S./China competition for influence. Chinese investment in mining and infrastructure, particularly at the Chancay port, has made the country increasingly strategic.
Ecuador, meanwhile, has become one of Washington’s closest security partners under Daniel Noboa. Yet it also has a free trade agreement with China and continues to attract Chinese investment, giving Washington a clear incentive to deepen the economic side of the relationship.
The broader question is whether Washington can compete with Beijing not only through diplomacy and security, but also through trade and investment. For Colombia, Ecuador and Peru, being courted by both may prove to be an opportunity in itself.
Latam by Numbers
- 106 million is the combined population of Colombia, Peru and Ecuador.
- US$923 billion is their combined GDP, roughly equivalent to the economy of a mid-sized G20 country.
- Colombia is home to roughly one in every five bird species on the planet.
- Peru is home to more than 3,000 cultivated potato varieties.
- 60% is the stake held by China’s COSCO Shipping in Chancay Port, the Pacific gateway that has become a symbol of China’s growing economic presence in South America.
Latin America is made up of a number of highly prosperous countries, where global powers such as the United States and China are seeking to establish a presence in their economies. For this reason, Auxadi is hosting LATAM Days Miami on November 10, where U.S. investment in Latin America will be encouraged.
We also provide support with international financial management in any of these three countries, thanks to our local experts in our offices in Colombia, Peru, and Ecuador.
About Auxadi
With 26 subsidiaries across Europe, the United States, and Latin America, Auxadi is today the leading Spanish accounting firm serving multinational companies and real estate investment funds. Through its technology-driven approach and strong client-focused culture, Auxadi acts as an extension of its clients’ finance departments worldwide, providing accounting, tax, payroll, transfer pricing, and corporate legal services.
Its proprietary MySPV technology platform, more than 300 employees, and over 1,700 clients have positioned Auxadi as a benchmark in the tech-enabled services sector, not only in Spain but internationally.
Autor/a:
Manrique Blen
VP – Head of BD & AM Miami Hub
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Founded in 1979, Auxadi is a family-owned business working for multinational corporations, private equity funds and real estate funds. It’s the leading firm in international accounting, tax compliance, payroll, transfer pricing, and corporate legal services management connecting Europe and the Americas with the rest of the world, offering services in 50 countries. Its client list includes many of the top 100 PERE companies. Headquartered in Madrid, with offices in US and further 26 international subsidiaries, Auxadi serves 1,500+ SPVs across 50 jurisdictions.
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