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The characteristics of Latin American network infrastructures have global consequences, particularly in the area of interdomain traffic engineering. As an example, Latin America shows the largest de-aggregation factor of IP prefixes among all regional Internet registries, being proportionally the largest contributor to the growth and dynamics of the global BGP routing table. In this article we analyze the peculiarities of LA interdomain routing architecture, and provide up-to-date data about the combined effects of the multihoming and TE practices in the region. We observe that the Internet Research Task Force initiative on the separation of the address space into locators and identifiers can not only alleviate the growth and dynamics of the global routing table, but can also offer appealing TE opportunities for LA. We outline one of the solutions under discussion at the IRTF, the Locator/Identifier Separation Protocol, and examine its potential in terms of interdomain traffic management in the context of LA. The key advantage of LISP is its nondisruptive nature, but the existing proposals for its control plane have some problems that may hinder its possible deployment. In light of this, we introduce a promising control plane for LISP that can solve these issues, and at the same time has the potential to bridge the gap between intradomain and interdomain traffic management.