The new North American free trade agreement, now titled the United States–Mexico–Canada Agreement (USMCA), is expected to enter into force in the coming months. Together, the three countries constitute the largest economic integration and trading bloc in the Western Hemisphere. The new agreement contains numerous provisions covering goods, technologies, and other advances in … [Read more...] about 7 key new features of the new North American Trade Agreement
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After 30 years of trade liberalization, now what?
Over 30 years ago, the countries of Latin America and the Caribbean embarked on a large-scale experiment to reintegrate into the global economy. After years of stagnation, international trade became the best bet for growth, creating jobs and closing the inequality gap. But in the heat of the political debate, many of the expectations went beyond what the evidence and solid … [Read more...] about After 30 years of trade liberalization, now what?
The European Union and Mercosur, a Historic and Promising Deal
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
Strategies and mechanisms to promote the convergence of trade agreements in Latin America
It is high time that trade integration processes in Latin America achieve convergence between the region’s many bilateral agreements in order to extend the benefits that these bring while extending the originating status of a given good so that it can circulate freely. … [Read more...] about Strategies and mechanisms to promote the convergence of trade agreements in Latin America
Why do companies invest abroad and how does it impact development?
Why do companies like the Brazilian aeronautics giant Embraer, the Mexican building materials company CEMEX, or German vehicle manufacturer Volkswagen invest abroad? … [Read more...] about Why do companies invest abroad and how does it impact development?