SINGAPORE, Sept. 22 (Xinhua) -- Latin Asia Business Forum opened here Monday morning, attracting some 400 business delegates from 21 countries to attend to explore more opportunities in the two regions.

In recent years, political and economic ties between Latin America and Asia have deepened. Bilateral trade has been on the rise. Last year, total trade flows between Latin America and Asia reached 267.3 billion U.S. dollars, an increase of 24 percent over2006.

Latin America's trade with Southeast Asia also grew by 8 percent to 31.8 billion U.S. dollars last year, according to a statement by International Enterprise (IE) Singapore, the organizer of the Forum.

Speaking at the Forum, Singapore's Minister for Trade and Industry Lim Hng Kiang said that with Latin America's rich natural resource base and burgeoning private sector, and Asia's strength in manufacturing and services, the areas for collaboration will continue to expand across many sectors.

Latin America's infrastructure sector in particular has attracted the interest of a number of Asian companies.

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Posted by boyang at September 22, 2008 4:12 PM