3.Latin America and the Caribbean

Latin America and the Caribbean region has a total population of 570 million and GDP of $4.0 trillion (three times as large as ASEAN). The region has maintained annual economic growth of around 5% over the past five years and is increasing its economic presence. These countries have also attracted attention as suppliers of minerals including rare metals, energy and food. As the region is mostly democratic and realizing steady economic growth based on the market economy, its voice becomes increasingly influential in the international community.

Japan has traditionally maintained very friendly relations with countries in Latin America and the Caribbean, with personal ties including the presence of descendents (approximately 1.6 million persons) of Japanese immigrants. Japan has deepened these relations by supporting the consolidation of democracy and economic development in Latin American and the Caribbean countries. Today, these countries, with sharing fundamental values with Japan, have become important partners for Japan in the international community. To further advance these relations, Japan is conducting diplomatic policies for this region emphasizing the three pillars of (1) strengthening economic relations, (2) supporting the stable development of the region, and (3) advancing cooperation in the international arena.

In strengthening economic relations, the Government of Japan, while appropriately grasping the circumstances of Japan-affiliated companies and local situation, supports Japan-affiliated companies by establishing Economic Partnership Agreements (EPAs), investment agreements, and other legal frameworks, as well as by consulting with host governments. The Government of Japan is also actively promoting the export of Japanese infrastructure as demand for infrastructure in Latin America and the Caribbean countries is expected to increase with its economic growth. Japan is working to secure stable supplies of natural resources and food, and is deepening cooperative relations with those countries with their abundant natural resources and food. The deep-rooted problems of poverty and social inequality in each country must be resolved to realize stable development in Latin America and the Caribbean. Based on this understanding, Japan actively supports the efforts of each government through financial and technical cooperation, and it helps those governments fulfill sustainable economic development.

Consisting of 33 countries, the Latin American and Caribbean region has a significant influence over decision-making at the United Nations and other international fora. Brazil, Mexico, and other emerging countries in particular have been dramatically increasing their presence in terms of international politics and economies. The Government of Japan works closely with those countries in addressing the global issues Japan views as important, such as environment and climate change, nuclear disarmament and non-proliferation, and the UN Security Council Reform.