A closer look at trade costs in the Americas

March 6, 2017

Across Latin America and the Caribbean (LAC), governments are asking how they can spur growth in a challenging and uncertain global context. The region can ill afford to leave trade barriers unchecked given the broader slowdown of the world economy, the prospects for further FTA negotiations, and the increasingly exigent nature of international trade, in which complex global value chains (GVCs) put a premium on seamless logistics and just-in-time delivery. This essay discusses some of the key trade barriers holding back growth in the region.

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Topics: TRADE FACILITATION TRANSPORTATION COSTS GLOBAL VALUE CHAINS (GVCS) TRADE COST

Regions: LATIN AMERICA AND THE CARIBBEAN (LAC)

Authors: ANTONI ESTEVADEORDAL

Publishing Institution: THE BROOKINGS INSTITUTIONS

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