The rapid growth of the internet and other information and communication technologies (ICTs) is changing the way we do business, consume, produce and interact with one another. ICTs are reducing traditional trade barriers like distance and time, allowing businesses and consumers around the globe to connect and trade. This has led to the rapid growth of digital trade, or … [Read more...] about How can we make digital trade more inclusive?
Most products today are made globally. The inputs used in their making come from all over the world, which means producers rely on highly integrated and well-functioning supply chains to obtain the necessary inputs in a timely and cost efficient way. Consequently, regulation designed with domestic needs only is no longer sufficient. For supply chains – regional and global – to … [Read more...] about The Importance of Regulatory Coherence in a World of Global Value Chains
This afternoon, Brazil’s Ministry of Industry, Foreign Trade and Services and Argentina’s Ministry of Production announced a technical cooperation with the Inter-American Development Bank. The goal is to intensify areas for dialogue between Brazilian and Argentinian governments and private sectors to effectively implement measures to facilitate bilateral trade. The IDB will … [Read more...] about Are we entering a new era of trade facilitation cooperation in Latin America?
This past two weeks, leaders from around the world gathered in New York to attend the United Nation’s General Assembly. One of the topics of discussion was the 2030 Agenda for Sustainable Development, a set of 17 goals focused on improving the prosperity of people and the planet. One of the recurring themes in the 2030 Agenda is the role of trade in supporting economic growth … [Read more...] about The Importance of Inclusive Trade in Economic Development
When people talk about integration in Latin America, the discussion is abuzz with talk of the Pacific Alliance (PA), an integration initiative among Chile, Colombia, Peru and Mexico that has become a model of a modern approach to regional integration. Not only has the PA removed traditional trade barriers — the group eliminated tariffs on 92 percent of traded goods and … [Read more...] about A New Trade Agenda: How Latin America Can Engage Beyond Traditional Free Trade Agreements