Could sea, air and land ports in Latin America and the Caribbean become more efficient and take advantage of new technological tools to compete in global trade? The quick answer is a resounding yes. Only a handful of countries in LAC – Chile, Jamaica, Panama, and Brazil, for example – have, or are implementing, advanced, digitally-connected port systems, in contrast with … [Read more...] about What global ports did to become more efficient
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5 things you need to know about inclusive rules of origin and why it will affect trade
Two weeks ago, the IDB’s Integration and Trade Sector (INT) and the International Centre for Trade and Sustainable Development (ICTSD) hosted a Dialogue on inclusive Rules of Origin (RoO) as part of the RTA Exchange project. Rules of origin tell us where a product comes from and how that product should be treated in a particular market. The “rules” are the specific provisions … [Read more...] about 5 things you need to know about inclusive rules of origin and why it will affect trade
Miles of Red Tape and Piles of Paperwork: How We Can Simplify Labyrinthine Borders and Bring Countries Closer to International Markets?
In April 2010, the Eyjafjallajökull volcano erupted in Iceland, ejecting an ash cloud that shut down European airspace for days. Transatlantic air shipments of key manufacturing inputs were significantly delayed, which caused production to be put on hold in several US automobile factories. Interruptions like these incur major costs that often go far beyond the market value of … [Read more...] about Miles of Red Tape and Piles of Paperwork: How We Can Simplify Labyrinthine Borders and Bring Countries Closer to International Markets?
Are we entering a new era of trade facilitation cooperation in Latin America?
This afternoon, Brazil’s Ministry of Industry, Foreign Trade and Services and Argentina’s Ministry of Production announced a technical cooperation with the Inter-American Development Bank. The goal is to intensify areas for dialogue between Brazilian and Argentinian governments and private sectors to effectively implement measures to facilitate bilateral trade. The IDB will … [Read more...] about Are we entering a new era of trade facilitation cooperation in Latin America?
How can we make digital trade more inclusive?
The rapid growth of the internet and other information and communication technologies (ICTs) is changing the way we do business, consume, produce and interact with one another. ICTs are reducing traditional trade barriers like distance and time, allowing businesses and consumers around the globe to connect and trade. This has led to the rapid growth of digital trade, or … [Read more...] about How can we make digital trade more inclusive?