Agribusiness in Latin America and the Caribbean

Focusing specifically on the LAC region, the prospects for agribusiness are closely tied to the performance of primary agriculture. For agribusiness to prosper, obstacles to a vibrant, export-oriented primary agricultural sector must be removed. There is evidence of progress on this front, although in some senses the picture is still mixed. Traditionally, one of the major barriers to the growth of Latin American food exports has been an array of tariff and non-tariff barriers, subsidies, and other regulations put in place by developed world governments, and often designed to protect their local farmers.