LATIN AMERICA AND CARIBBEAN: A WORLD OF OPPORTUNITIES FOR BRITISH COMPANIES

Post-Carnival is the perfect time to start thinking about developing opportunities in Latin America and the Caribbean (LATAC). Here are five reasons across five sectors why GMCC members should consider this dynamic region:  

1. Did you know that Trinidad and Tobago has an open medical devices marketplace? As an English-speaking market and a gateway into the Caribbean this could be an excellent first step for exporters in this field.  
2. Mexico and in particular Monterrey in the North is a hub for manufacturing from automotive; textiles; white goods; food and drink you name it. It is also a prefect stop for nearshoring into North America.   
3. Greater Manchester has a rich history in textiles as do Guatemala; Peru and Bolivia and all are seeking to modernise and advance their strong textile heritage whether for export or domestic growth.  
4. As a mineral rich region; LATAC governments are thinking how best to harness renewable energy sources. Brazil and Colombia are advancing their offshore wind frameworks, Latin America is home to the famous Lithium triangle and Chile is actively exploring options for hydrogen. Innovative approaches and instruments are high on the request list in these industries. 
5. Arguably the region is the world’s larder in terms of raw food production GMCC members may not know that there is a high demand for specialist food and drink products e.g. craft beers; healthy snacks. Trade missions like that to ANTAD can be an excellent one-stop shop to meet buyers from across Latin America. British brands can also succeed in the Caribbean benefitting from the UK-CARIFORM EPA.  

Source: DBT LATAC Team 

Need help growing your business in this market?  

There is plenty of support for UK businesses wishing to explore and grow their business in this market. 

• This is only a taster of our top five. If you’d like to explore the possibilities for your business in LATAC reach out to the Department for Business and Trade’s International Market team for LATAC: exportsupport.latac@fcdo.gov.uk who can support you in your growth.   

• Seeking to grow in LATAC but unsure what market can offer you the lowest risk and highest ROI? Why don’t use the Chambers’ Market Identification Services? 
• GM Chamber also has a global network of in-country experts who can help you when considering growing your export sales, diversify your supply chain or strengthen your presence by investing in the market, simply book a complimentary one to one with our global partners here 

• Are you planning to attend ANTAD or other Trade Exhibitions in LATAC? Remember the chamber can help you with customs, ATA Carnets and also help you maximise your ROI when attending these with our Tradeshow Engagement Optimization Masterclass taking place 21st March 2024. Book your place here