There is a strong consensus that cross-border e-commerce has been growing at a fast pace. Available data suggests that the pandemic could have even accelerated this trend. For instance, according to its most recent financial report, Amazon’s international net sales increased by 28.3% between the first semester of 2020 and the same period of 2019. However, this evidence is, … [Read more...] about What Happened to Cross-Border E-Commerce Under the Pandemic?
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 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
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
Many predictions have floated about the future of global value chains (GVC), or the separation of production in stages across borders, in a post-COVID19 world. They include some degree of reshoring by which global lead firms bring back to their home country the production of intermediate inputs initially offshored to other countries. Other predictions include a higher degree of … [Read more...] about Global Value Chains and the Environment in a post-COVID World