December 3, 2010
Diaz, Reus & Targ, LLP, Partner Robert Lee quoted:
Lee believes, however, that most Asian companies in Latin America are not there just to access US consumers. “In fact, some Asian companies have been deterred by the United States’ economic demise and, to a greater extent, the ever-increasing regulatory barriers erected by the US government,” he notes. “Latin America, whether by default or by natural symbiosis, is fast becoming the destination of choice for Asian investors and companies.” Asian funds acquired $9 billion in Mexican bonds alone between March and October.