Agricultural commodities make up a substantial portion of exports for many developing countries, particularly in Latin America and the Caribbean (LAC). This means that any changes in agricultural practices can significantly impact their trade flows. Voluntary Sustainability Standards (VSS) are private certifications that ensure products and production processes meet a wide … [Read more...] about The Impact of Voluntary Sustainability Standards on Agricultural Exports: Friends or Foes?
Navigating an Evolving Global Economy: The Future of Korea-LAC Relations
In recent decades, the relationship between Korea and Latin America and the Caribbean (LAC) has flourished amidst a period of unprecedented international economic cooperation. However, the recent proliferation of trade barriers and subsidies poses new challenges. What does this mean for Korea-LAC relations? A recent report by the IDB argues that despite these challenges, … [Read more...] about Navigating an Evolving Global Economy: The Future of Korea-LAC Relations
Can trade policy contribute to fighting global warming in Latin America and the Caribbean?
Like their colleagues around the world, trade ministers in Latin America and the Caribbean (LAC) can barely get a break these days. Backlashes against globalization at home and abroad were swiftly followed by a public health crisis and geopolitical tensions that revived long-dormant calls for protection. As if that wasn’t enough, trade policy has also been called to play a role … [Read more...] about Can trade policy contribute to fighting global warming in Latin America and the Caribbean?
Korea and Latin America and the Caribbean: Partners for Sustainable Trade and Investment
Trade and investment relations between Korea and Latin America and the Caribbean (LAC) have come a long way. As the two economies embraced trade liberalization in the early 1990s, their bilateral trade grew at an impressive annual rate of 11.5%—reaching a record high of US$57 billion in 2021. The trade boom came along with US$26 billion in investments by Korean firms in the … [Read more...] about Korea and Latin America and the Caribbean: Partners for Sustainable Trade and Investment