The COVID-19 crisis is fueling change in trade at a blistering pace. An example where this acceleration is proving positive is the catalyzing of digital transformation in countries and industries that have been late adopters. The circumstances of the crisis have led businesses and governments to adapt their products and … [Read more...] about COVID-19: How risk management can improve trade operations
The Digital Economy Partnership Agreement, a milestone in trade negotiations
The future of international trade negotiations is already here. It’s called the Digital Economy Partnership Agreement and was recently signed by three countries, including Chile. This landmark agreement seeks to establish global standards for the digital economy. It couldn’t have come at a better time, given how important digitization and Industry 4.0 will be in recovering from … [Read more...] about The Digital Economy Partnership Agreement, a milestone in trade negotiations
Trade in the Time of Pandemic: How COVID-19 has impacted firms in 6 Latin American countries
The pandemic is predicted to have a significant negative impact on international trade. According to WTO projections, Latin America and the Caribbean’s exports and imports are expected to experience a pronounced decrease this year, reaching at least 13% and 22% respectively --in line with the estimates for the world. Available aggregate data confirm that the region’s trade … [Read more...] about Trade in the Time of Pandemic: How COVID-19 has impacted firms in 6 Latin American countries
Small Latin American companies aiming to sell their products to the world
Por Soraya Constante The COVID-19 pandemic might have slowed brick-and-mortar businesses, but nothing seems able to dampen the aspirations of companies whose lifeblood is innovation and creativity. Rather than manufacturing, these businesses focus on “mindfacturing,” a term coined by Spanish innovation expert Juan José Goñi to describe the production of knowledge and … [Read more...] about Small Latin American companies aiming to sell their products to the world
Sanitary diplomacy: a key tool for supporting economic recovery
Faced with the economic and trade impact caused by the COVID-19 pandemic and the uncertainty about the reactivation of their economies, countries in Latin America and the Caribbean (LAC) should launch a trading strategy: the new Sanitary Diplomacy. This strategy would comprise a series of initiatives to harmonize international regulations, improve internal sanitary management … [Read more...] about Sanitary diplomacy: a key tool for supporting economic recovery