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
How do Latin Americans feel about international trade? Are they in favor of it? If so, to what extent? We asked these questions ourselves at the Inter-American Development Bank, as part of a study on how trade liberalization has impacted Latin America and the Caribbean (LAC) in recent decades. To answer these questions, the IDB added a module on foreign trade to the 2018 … [Read more...] about Latin Americans: On Board with Trade
One of the goals of the Pacific Alliance (PA), the economic bloc made up of Chile, Colombia, Mexico, and Peru, is achieving an area of deep integration where goods and services are traded tariff-free without facing other barriers to trade. To this end, in addition to eliminating tariffs, now covering more than 98% products on average, the PA has implemented innovative trade … [Read more...] about How the Pacific Alliance linked up its single windows for foreign trade
International trade is of critical importance for economic and social development worldwide. A major cost of global trade is the regulatory requirement of submitting large volumes of information to governmental authorities to comply with import, export, and transit-related documents and certificates. Trade Single Windows are flagship initiatives that reduce these … [Read more...] about Making trade more efficient with blockchain
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?