An in-depth look at the GVC Development Report 2021

The Global Value Chain (GVC) Development Report 2021, the third edition of a biennial series among different partners, explores the long-term trends in GVCs and the factors shaping them. The report breaks new ground by providing an analysis of GVCs beyond manufactured goods, detailing how value-added in GVCs is increasingly generated through intangible products, such as services and intellectual property. The report also highlights that GVCs have proven to be resilient in the face of the challenges posed by the COVID 19 pandemic as well as environmental and geopolitical shocks and sheds light …

Impact of the EU-UK Trade and Co-operation Agreement on the Triangular Supply Chains of Caribbean Exporters

Before the departure of the UK from the European Union (EU), commonly known as Brexit, third-country exporters faced the same customs union rules for shipping goods both to the UK and the EU. Once entered either in the UK or the EU these goods could freely move within the single market. The Trade and Co-operation Agreement (TCA) between the UK and the European Union, which came into effect in January 2021, has altered these arrangements, affecting the operations of triangular supply chains of ACP countries including 12 Commonwealth members in the Caribbean region. This joint workshop will disc…

Online Course: "Use and interpretation of trade indicators, including Input-Output analysis"

On Friday, December 17th, 2021, the ECLAC Headquarter in Santiago in conjunction with the Caribbean ECLAC Headquarter in Port of Spain gave the Online Course: "Use and interpretation of trade indicators, including Input-Output analysis" for Central Bank economists and trade ministry officials from five Caribbean countries: Trinidad and Tobago, Antigua and Barbuda, Barbados, St. Kitts and Nevis, St. Lucia, Grenada and Dominica. The workshop was conducted by José Durán Lima, Ira Ronzheimer, Daniel Díaz and Carlos Ludeña of the Regional Integration Unit of the International Trade and Integration …

Regional Integration for Economic Recovery

As part of the month of Development in Transition: Dialogues to chart new paths for Latin America and the Caribbean, ECLAC, together with the Organization for Economic Cooperation and Development (OECD) and the European Commission, organized the Event: Regional Integration for Economic Recovery. The panel was attended by a group of high-level officials from international organisations and regional integration mechanisms in the Americas and the Caribbean. The specialists who participated in the event made an urgent call to boost regional integration to achieve a transformative recovery after th…

Expert meeting: EU FACILITY JOINT RESPONSE TO COVID-19: “Fostering sustainable development models in LAC countries”

The COVID-19 pandemic has hit Latin America and the Caribbean (LAC) harder than any other region in the world. The region suffered a 7.7% GDP drop in 2020, and over a million lives have been lost. With around 60% of informal workers and 40% of all workers in the region surviving without any form of social safety net before the pandemic hit, the most vulnerable members of society are bearing the brunt of the crisis today. A series of pre-existing development traps, outlined in the Latin American Economic Outlook 2019, have increased the crisis´ toll in the region. As LAC countries chart the pat…

EU FACILITY JOINT RESPONSE TO COVID-19: “Fostering sustainable development models in LAC countries”

The expansion of global value chains (GVC) has opened new opportunities for economies in transition, which seek to expand and diversify their international trade and gain access to new technologies. However, the current pandemic has left the countries of Latin America and the Caribbean in a very vulnerable position. Against this background, high-level officials from international organizations and regional integration mechanisms will address the following questions: What is the state of intraregional trade within your integration mechanism? What weaknesses has the pandemic exposed? What oppor…

ECLAC’s participation in the launch of a platform that analyzes Global Value Chains

In recent years, studies on global value chains, which depict how interconnected countries are in terms of trade and production, have multiplied. To contribute to this objective, the Economic and Social Commission for Asia and the Pacific (ESCAP) presented the Regional Integration and Value Chain Analyzer (RIVA) tool. This initiative was carried out in collaboration with the Forum for East Asia-Latin America Cooperation (FOCALAE) and the Economic Commission for Latin America and the Caribbean (ECLAC). RIVA is an online tool that uses data from the Asian Development Bank's (ADB) Multiregional …

Fourth Regional-Global Trade in Value Added (TiVA) initiatives workshop.

Under virtual modality, and under the leadership of the Organization for Economic Cooperation and Development (OECD), the fourth working meeting of the different value-added trade initiatives (TIVA) was held as a follow-up to the development of the different initiatives. Delegates from different international organizations participated including the World Trade Organization, the United States Department of Commerce, the European Commission's Joint Research Center (EC-JRC), the Asian Development Bank (ADB), as well as the United Nations Regional Commissions for Africa (UNECA), Asia Pacific (ESC…

Global Input-Output Tables: Tools for the analysis of the integration of Latin America with the world

In order to complete the existing multiregional input-output (MRIO) tables in Latin American and Asia Pacific, the Economic Commission for Latin America and the Caribbean (ECLAC), together with the Economic and Social Commission for Asia and the Pacific (ESCAP) and the Asian Development Bank (ADB), assembled Global Input-Output Tables. These include input-output tables previously developed by those institutions: The MRIO by the Asian Development Bank, and the South American I-O Table for 2005, as well as the input-output tables for Latin America and the Caribbean set up for the years 2011 and …

A study about the productive integration of Latin America and Asia-Pacific and its challenges.

Project progress presentation: “Value Chain for deeper integration between Latin America Asia Pacific” and “Inequalities in FEALAC member countries: policy formulation”

In the framework of the IX Meeting of Ministers of Foreign Affairs of Forum for East Asia-Latin America Cooperation (FEALAC) held in the Dominican Republic, on November 9, 2019, The United Nations Economic Commission for Latin America and The Caribbean (ECLAC) and The United Nations Economic and Social Commission for Asia and The Pacific (ESCAP) presented the progress of the main results of the Projects: "Value Chain Development for Deeper Integration of East Asia and Latin America", and "Reducing inequality in FEALAC member countries: innovative policies that leave no one behind”. The authori…

Second High-Level China-Latin America Investment and Cooperation Forum

The Second High-Level China-Latin America Investment and Cooperation Forum, organized jointly by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), the Development Bank of Latin America (CAF) and the Ministry of Finance of the People's Republic of China, will be held at ECLAC headquarters in Santiago, Chile on October 16, 2019.…

Intra- and inter-regional value chains: Latin America and the Caribbean and Asia-Pacific

In the city of Seoul, José Durán, Chief of the Regional Integration Unit of the Division of International Trade and Integration of ECLAC, presented the main results of the project “Value Chain Development for the Deeper Integration of East Asia and Latin America”. The meeting, which took place at the embassy of Peru and was attended by representatives of the Group of Ambassadors of Latin America and the Caribbean (GRULAC), was convened by Raúl Silverio Silvagni, Ambassador of the Republic of Paraguay in the Republic of Korea and Dean of GRULAC in Seoul. The presentation served as a space for E…

Input-Output Tables as a Tool for Trade and Industrial Policy in Latin America and Relations with Asia-Pacific

ECLAC, through its International Trade and Integration Division and in collaboration with the Ministry of Foreign Affairs of the Dominican Republic, is organizing the International Seminar "Input-Output Tables as a Tool for Trade and Industrial Policies in Latin America and the Caribbean and Relations with Asia Pacific,” and the roundtable “Dynamics of the Intra and Inter Regional Value Chains and Integration in Latin America and Asia.” These activities are taking place under the projects "Input-Output Tables for Industrial Policy in Latin America and the Caribbean”&nb…

Technical workshop on “Value chain development for deeper integration of FEALAC: Asian perspectives”

The Economic and Social Commission for Asia and the Pacific (ESCAP) is organizing a technical Workshop from 10 to 11 July 2019, UNCC, Bangkok, Thailand. The workshop is part of the collaborative project between ESCAP, ECLAC and ADB in a project aiming to enhance value chain integration between Asia and Latin America. The workshop will gather policy analysts, researchers and policymakers working in Asia-Pacific member states of FEALAC. The purposes of the workshop are to review the study in intraregional value chains development and to identify emerging opportunities and challenges facing Asia-…

Third Regional-Global Trade in Value Added (TiVA) Initiatives Workshop

The Regional-Global meeting on Trade in Value Added (TiVA) initiatives took place in Paris, at the headquarters of the Organization for Economic Cooperation and Development (OECD) in the end of June 2019. This meeting came as a follow-up to the development of the different TiVA initiatives. Delegates from different international organizations participated including the World Trade Organization (WTO), the United States Department of Commerce, Asian Development Bank (ADB), the European Commission's Joint Research Center (EC-JRC), as well as the United Nations Economic Commission for Africa (UNEC…

International Seminar "Value Chains between the Countries of MERCOSUR and Asia Pacific"

The seminar "Value Chains between the Countries of MERCOSUR and Asia Pacific" will be held in the city of Montevideo, Uruguay on May 13th, 2019. The seminar is part of the projects "Input-Output Tables for Industrial and Trade Policies in Central and South America" and "Value chain development for a deeper integration of East Asia and Latin America". During the Seminar, the methodology followed by ECLAC to assemble the South American Input-Output Table and Southern Common Market (MERCOSUR) Input-Output Table for 2005 and 2011 will be presented. ECLAC will share so…

Seminar on "Advances of the Northern Triangle Customs Union: Impact and Benefits for the Region"

The seminar "Advances of the Northern Triangle Customs Union: Impact and Benefits for the Region" will take place in the city of San Salvador on March 29th. The event will include the participation of the Minister of Economy, Dr. Luz Estrella Rodríguez, as well as Mr. René Salazar, Director of Trade Policy. The event was conceived with the objective of publicizing the results of the study carried out by Economic Commission for Latin America and the Caribbean (ECLAC): "Evaluation of the effects of the deepening of the Customs Union between the countries of the Northern Triangle".…

Seminar "Analysis of Value Chains from the sub-regional Andean Input-Output Table: The case of intraregional and Asia-Pacific trade"

The seminar "Analysis of Value Chains from the Andean subregional Input-Output Table: The case of intraregional trade and that of Asia Pacific" will be held in the city of Bogotá on March 26. During the Seminar, the methodology followed by ECLAC to assemble the South American Input-Output Tables for 2005 and 2011 will be presented, as well as the Input-Output Table of the Andean Community in both its 2005 and 2011 versions. Likewise, ECLAC will present results related to intra-Andean value chains, as well as trade relations with extra-regional Asia-Pacific partners. The sem…

Meeting of International Cooperating Partners in Support of the Deep Integration Process of the Northern Triangle Countries

In December 2014, the Governments of the Republics of Guatemala and Honduras announced their willingness to advance in the deepening of the economic integration process, in accordance with the provisions of the Central American legal instruments. The investment for the establishment of the Customs Union model between Guatemala and Honduras began in 2016, and the Customs Union between Guatemala and Honduras was officially launched on June 26, 2017. In 2018, El Salvador signed the Adhesion to the Process of Deep Integration towards the Free Transit of Goods and of Natural Persons between the Rep…