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
When Esteban Torres and Enrique Santacruz started Fiweex in Asunción, Paraguay, in 2015, they knew that at some point they would have to offer their services in other countries if they wanted the company to grow and be profitable. That’s exactly what happened. The startup, which enables consumers to connect to WiFi in shops, hotels, and restaurants without the need of a … [Read more...] about Born global companies take center stage
By 2050, the production of food will need to grow about 70% to meet the demand of more than 9 billion people from around the world. And as one of the largest net global exporters of food, Latin America and the Caribbean (LAC) will have immense opportunities to tap this growing market. LAC is expected to average a 2.6% food and beverage industry growth from 2016-2021, ahead … [Read more...] about Innovations transforming the food and beverage industry
When the European Union (EU) and Mercosur recently announced their free trade agreement after 20 years of negotiations, we were elated. This pact cements a historic opportunity for the four Southern Cone countries to grow their economies, internationalize their companies, be more competitive, and add new jobs. The deal is one of the world’s largest, comparable in size to … [Read more...] about The European Union and Mercosur, a Historic and Promising Deal
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?