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The "Chemical Reaction" of Latin America's Agrochemical Market Under Free Trade Agreements
As a core region for global leading agricultural production and exports, Latin America has emerged as a key player in the agrochemical industry. The region's agricultural development is highly dependent on chemical crop protection products such as insecticides and herbicides. These inputs not only serve as the core support for ensuring food security and increasing yields but also directly determine the international competitiveness of agricultural products. Against this backdrop, the impact of Free Trade Agreements (FTAs) on the import and export of agrochemicals has become increasingly prominent. The interaction between tariff regulation, agreement frameworks, and market demand is profoundly reshaping regional trade flows and supply chain structures. From a trade perspective, the Latin American market exhibits two distinct characteristics: first, it is highly dependent on imports. Even though countries like Brazil and Argentina have a certain degree of domestic production capacity, they still rely on suppliers from China, India, the United States, and Europe for key technical raw materials and specific formulations. Second, there are significant regional differences. Different trade blocs such as the Southern Common Market (Mercosur), the Pacific Alliance (PA), and others have established multi-level tariff and market access mechanisms, which directly lead to differences in import costs and competitive structures among various countries.
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