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Bloomberg: Eric Farnsworth on USMCA and Recent Events in Latin America

Wednesday, October 30, 2019

AS/COA Vice President Eric Farnsworth spoke to Bloomberg’s Balance of Power about recent events in Latin America and the United States-Mexico-Canada Agreement (USMCA).

"It does seem to be like a season of discontent across much of South America," Farnsworth said. He called what is occurring in Chile “essentially a middle-class protest,” adding that with commodity prices low, there are less resources, and people are beginning to get frustrated.

“Many of us have used Chile as an example of what many in Latin America could aspire to be,” he said. “But what the problem is, is that those high expectations haven’t been met.”

Regarding USMCA, Farnsworth expressed optimism: “This is a moving target, but there is a certain optimism coming out of Congress.” He added: “I’m optimistic that they can move this forward, but they have to want to.”