And finally, as labour-market and other reforms (however modest) in Europe have slowly eased the way towards a genuine single market, firms are understandably focusing on building a stronger pan-European competitive position.
Shares in companies like Hong Kong-listed electronics supplier AAC Technologies have shot up by more than 80%, putting its boss Pan Zhengmin in a good position to return to soon-to-be-unveiled 2012 Forbes China Rich List.
Chile in turn agreed to co-ordinate with Mercosur its position in the talks on pan-American free trade that are due to be launched at a 34-country summit in April.