U.S. will not cede leadership in Latam to 'authoritarian' nations: U.S. commerce chief

U.S. Commerce Secretary Wilbur Ross touted the benefits of U.S. trade with Latin America on Thursday in Peru and said the United States would not cede leadership in the region to "authoritarian countries."

Speaking at a business event before Friday`s start of the Summit of the Americas in Lima, Ross said that most Latin American exports to China were raw materials and credited U.S. imports from the region for creating jobs.

After his speech, Ross told journalists it would be "sensible" for there to be a deal on NAFTA but declined to estimate when one might be reached. "You`ll know when we know," Ross said.

TRENDING NOW

Rajasthan CM Gehlot resigns governor after party's poll defeat

Assembly Election 2023 Results Update: MPs who win assembly polls have to quit one seat in 14 days, says Expert

Telangana Election Result: KCR has sent resignation to Governor, says BRS leader Rama Rao

COVID-19 Update: India records 76 new coronavirus cases, infection tally stands at 4.50 crore

Udyami Mitras a bridge between the government and investors: CM Yogi

Telangana Election Result 2023: Congress wins from Jukkal and Medak, BRS nets Quthbullapur constituency

Snow grounds dozens of flights at Amsterdam airport

BJP's saffron storms Congress away in MP, Rajasthan and Chhattisgarh; Congress upstages BRS in Telangana

Assembly Election 2023 Results Update: PM Modi congratulates voters for Assembly wins in MP, Chhattisgarh, Rajasthan

Telangana Election Result 2023: Complete list of constituency-wise winners

BJP sweeps Rajasthan, MP, Chhattisgarh; Congress to bag Telangana

Karimnagar Assembly Election Result 2023: BRS leader G Kamalakar leads

Mizoram Election Results 2023 Live Updates: MNF, ZPM locked in close fight; counting of votes to begin at 8 am on Monday

Chhattisgarh Election Results: Here is the full list of winners and losers in the 90-seat state

Madhya Pradesh Results 2023: If not Shivraj Singh, then who can be Chief Minister of Madhya Pradesh?

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)