The COVID-19 pandemic is the most challenging global crisis since the postwar, for its public health dimension as well as its economic consequences. International trade is one of the channels of contagion of the economic crisis that will strongly affect Latin America and the Caribbean (LAC). This begs several questions. Why is this crisis different? What are the channels of … [Read more...] about How exposed is Latin America to the trade effects of COVID-19?
A recent Inter-American Development Bank report, Trade Trends Estimates: Latin America and the Caribbean 2020, reveals that the value of exports from the region contracted by 2.4% in 2019 after two years of robust growth. The report forecasts that the downturn in exports will continue in the coming months due to slowing global demand, volatility of commodity markets, and … [Read more...] about Outlook for Latin American exports in 2020
The IDB recently published, in partnership with the Export–Import Bank of India (Exim Bank), a study on trade opportunities between Latin America and the Caribbean (LAC) and India. The report yielded results that are highly promising for countries and companies in both subcontinents. Bilateral trade between the two regions has increased twenty-fold in as many years, going … [Read more...] about Six Ways to Boost Trade between Latin America and India
Over the last 20 years, Korea has become one of Latin America and the Caribbean’s (LAC) most dynamic trade partners. Bilateral trade quadrupled, reaching US$43 billion in 2018, and foreign direct investment from Korea in LAC has both increased and diversified. Korea is the Asian economy with the largest network of free trade agreements with LAC countries, with a total of … [Read more...] about Boosting trade cooperation with Korea
After 27 months of growth, the value of exports from countries in Latin America and the Caribbean (LAC) fell by 1.6% in the first quarter of 2019 compared to the same period in 2018. Annual export growth around 8.9%, as was the case in 2018, is now a thing of the past. These findings were revealed in the 2019 edition of the report Trade Trend Estimates: Latin America and the … [Read more...] about What caused the drop in exports from Latin America?