Abstract
This article analyzes recent developments in international trade and the difficulties and challenges arising from changes in international trade relations. It examines how the Neo-Iberian space is taking shape through the development of economic ties and cooperation among the countries of Latin America, Spain, and Portugal, and considers this space a robust form of regionalism that goes beyond merely complementing and diversifying relations with the United States. The aim of this study is to identify and define the opportunities that may exist for markets associated with Neo-Iberianism during this turbulent period in international trade, building on the idea of the renewed strength of regionalism versus multilateralism in an era of global trade conflicts. In addition, the current state of international trade is contextualized by examining aspects of the trade war, reflected in rising tariffs and geopolitical tensions, and the situation of the countries within the Neo-Iberian space is presented using data on their trade openness ratios and gross domestic product (GDP). Reflections and paradoxes regarding the contrast between multilateralism and regionalism are included, and, finally, the conclusions state that the current rise in protectionism and the reorganization of a new world order, one distinct from that established after World War II, reinforce the joint development of the markets of the Neo-Iberian space.