High value-added foreign direct investment (FDI) creates foreign exchange and increases productivity, employment, exports, and linkages with local companies while encouraging knowledge and technology transfers. FDI is particularly important in Latin America and the Caribbean (LAC), as it is the region’s primary source of external financing, outstripping both international … [Read more...] about How Can Latin America Attract Foreign Investment in Times of COVID-19
International trade
How Customs can protect us from the coronavirus
The coronavirus crisis has shone a spotlight on how challenging it is for countries to protect the health of the population. To contain the pandemic, governments have taken unprecedented measures such as closing borders or shutting off large areas of their territories. These measures can cause major disruptions to global supply chains and transportation systems. According to … [Read more...] about How Customs can protect us from the coronavirus
How exposed is Latin America to the trade effects of COVID-19?
The COVID-19 pandemic is the most challenging global crisis since the postwar, for its public health dimension as well as its economic consequences. International trade is one of the channels of contagion of the economic crisis that will strongly affect Latin America and the Caribbean (LAC). This begs several questions. Why is this crisis different? What are the channels of … [Read more...] about How exposed is Latin America to the trade effects of COVID-19?
The impact of coronavirus trade and integration: what to do?
The coronavirus pandemic has the potential to wreak havoc on Latin America and the Caribbean’s (LAC) trade and the integration, making it vital for governments to take appropriate measures to reduce its impact on the economy and life of its citizens. Over the last 100 years, there have been seven global pandemics (Spanish flu, Asian flu, Hong Kong flu, H1N1, SARS, MERS, and … [Read more...] about The impact of coronavirus trade and integration: what to do?
7 key new features of the new North American Trade Agreement
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