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Latin America and the Caribbean Represents One Fifth of the United States’ Foreign Trade

1 March 2016 | News

Latin America and the Caribbean represents one fifth of the United States’ foreign trade, according to the document United States Trade Developments 2014-2015, published by the Economic Commission for Latin America and the Caribbean (ECLAC). According to the study, prepared by ECLAC’s Office in Washington, Asia represented 28.8% of U.S. foreign trade in 2013, followed by Latin America and the Caribbean (22%) and the European Union (17%). More specifically, Latin American and Caribbean countries represented 24.9% of total exports from the United States and 19.2% of its total imports. Of all the…

Experts Highlight Contribution of International Trade to Fight Climate Change and for Sustainable Development

15 December 2015 | News

Experts from 15 Latin American, the Caribbean and European countries meet at the Economic Commission for Latin America and the Caribbean (ECLAC) headquarters in Santiago, Chile to analyze the contribution of international trade to fight climate change in the region, just two days after the end of the negotiations at the 21 Conference of the Parties (COP) of the United Nations Framework Convention on Climate Change held in Paris. At the VII International ECLAC Environmental Footprint Seminar: Environmental Standards in the International Trade, organized by this United Nations regional commissio…

Trans-Pacific Partnership (TPP) Presents Opportunities and Risks for the Region’s Countries

3 December 2015 | News

The successful end to negotiations on the Trans-Pacific Partnership (TPP) was announced last October 5. This agreement will create the world's biggest free trade zone and will inject more dynamism into the global exchange of goods and services. Once concluded, it is estimated that it could boost global income by $295 billion dollars by 2025 and that global exports will increase by $444 billion dollars in the same year. In its Latin America and the Caribbean in the World Economy 2015 report, ECLAC indicates that the 12 countries that make up the TPP (Australia, Brunei Darussalam, Canada, Chile,…

United Nations Report Highlights Implementation Gaps in Cutting Red Tape for International Trade

23 October 2015 | News

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), together with all four other United Nations regional commissions, today launched the first global report on the implementation of measures to simplify import, export and transit procedures, calling for more to be done to cut trade costs and promote growth. The inaugural Global Report of the Trade Facilitation and Paperless Trade Implementation Survey provides data for 119 countries and serves as a useful basis for bench marking and monitoring trade facilitation performance. Within the Asia-Pacific region, the r…

ECLAC Will Present Annual Report On Trade Performance of Latin America and the Caribbean

16 October 2015 | Announcement

The complex scenario faced by the global economy today is affecting not only economic growth in Latin America and the Caribbean, but also its foreign trade performance. The magnitude of this impact is analyzed in a new report by ECLAC that will be unveiled next week in Mexico City. The United Nations regional organization will release on Tuesday, October 20 its report Latin America and the Caribbean in the World Economy 2015. The regional trade crisis: assessment and outlook, which analyzes the performance of the region’s exports and imports in recent months and provides estimates for the rema…

ECLAC Executive Secretary opens High Level Meeting in Trinidad and Tobago

26 June 2015 | News

“There is no question that the Caribbean is shouldering an unsustainable debt burden which compromises the capacity of the economies for sustained growth and restricts the options available to governments to introduce important social and welfare programmes” the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, said via video conference in opening the 17th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC) on 26 June, during which Ministers and high-level Government representatives from the…

ECLAC Study Analyzes Incentives to Attract Foreign Investment to Central America

22 June 2015 | News

Many countries have designed incentive policies to attract foreign direct investment (FDI) and promote exports based on special exportation areas or free-trade zones. A new publication by the Economic Commission for Latin America and the Caribbean (ECLAC) analyzes these tools and offers proposals to replace them, taking into consideration that several of the current incentives should be dismantled by the end of 2015 because they violate World Trade Organization (WTO) rules. The study New-Generation Public Incentives for Attracting Foreign Direct Investment (FDI) in Central America (in Spanish …

ECLAC Study on Foreign Direct Investment puts focus on the Caribbean

27 May 2015 | News

The Caribbean receives higher amounts of Foreign Direct Investment (FDI) when compared to other developing economies, according to a newly published report from the Economic Commission for Latin America and the Caribbean (ECLAC). Entitled “Foreign Direct Investment in Latin America and the Caribbean”, the flagship report was launched by ECLAC Executive Secretary, Alicia Bárcena, on 27 May at the organization’s headquarters in Santiago, Chile. This year, the annual report places increased emphasis on the importance of foreign direct investment (FDI) for the Caribbean. FDI inflows into the Carib…

Latin American Countries Are among the Main Complainants and Respondents at the WTO

31 March 2015 | News

Latin American and Caribbean countries have been among the main users of the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) during its first 20 years of existence, according to a new study by ECLAC. Between January 1, 1995 and December 31, 2014, the region’s countries initiated as complainants 117 dispute settlement cases before the WTO and were respondents in another 93 cases. These figures are equivalent to 24% and 19%, respectively, of all the cases brought during this period (488), according to the document The Participation of Latin America and the Caribbean in the WT…

Report Analyzes U.S. Trade and Investment Ties with the Region

30 March 2015 | News

To mark the twentieth anniversary of the North American Free Trade Agreement (NAFTA), the United States Trade Developments Report 2013-2014, prepared annually by the Washington Office of the Economic Commission for Latin America and the Caribbean (ECLAC), focuses on trade and investment ties between the U.S., Canada and Mexico. At the same time, presents the highlights of the economic relationship between the U.S. and Brazil, its second largest trading partner in the region. NAFTA, the study says, has made significant strides in expanding trade and investment among the three countries and enha…

ECLAC assists member states

15 January 2015 | News

Antigua and Barbuda and Saint Kitts and Nevis are set to benefit from technical assistance provided by the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean in 2015. ECLAC will assist the government of Antigua and Barbuda in the development of a national trade policy, in addition to providing technical support through two undertakings. The first will be a functional review of the Ministry of Trade, Commerce and Industry. The second will be a review of the country’s National Consumer Protection Mechanisms. The latter activity will …

Measuring and Reducing Carbon Footprints Would Allow Companies to Improve Their Insertion in Global Trade

11 December 2014 | News

Latin American and Caribbean companies could improve their insertion in global trade if they measure their carbon footprints and took action to reduce them in their productive processes, ECLAC representatives said this Thursday, December 11, during a side event of the 20th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 20), which is being held in Lima, Peru. At the meeting, the Economic Commission for Latin America and the Caribbean (ECLAC) presented the results of its project on carbon footprint and food exports in the region, in which eight countr…

Free Trade Zones Contribute to the Diversification of Uruguay's Exports

5 December 2014 | News

Economic activity in Uruguay's 12 authorized free trade zones in 2010 gave direct employment to 13,000 people and represented 1.7% of the country's gross domestic product (GDP) that year, according to a new study by the Economic Commission for Latin America and the Caribbean (ECLAC), which stresses that these areas have also contributed to diversifying Uruguay's exports of goods and services. The report A case of Productive and Commercial Transformation: Free Trade Zones in Uruguay analyzes the recent evolution of economic activity, foreign trade and employment among the companies lo…

Caribbean Economic Growth Set To Increase in 2015

2 December 2014 | News

The Caribbean economy has experienced increased growth in the last year, moving from 1.4% in 2013 to 1.8% in 2014, with even more positive prospects for 2015, according to the Economic Commission for Latin America and the Caribbean (ECLAC), at the launch of the flagship report: “Preliminary Overview of the Economies of Latin America and the Caribbean 2014”. This was presented by ECLAC Executive Secretary Alicia Bárcena at the Commission’s headquarters in Santiago, Chile on 2 December 2014, and was broadcast online and via videoconference. Following this launch, the ECLAC subregional headq…

Development Banking in the Region Offers Mechanisms for Internationalization of SMEs

2 December 2014 | News

Development banking in the region has made efforts to facilitate the internationalization of small and medium-sized enterprises (SMEs), given that most of their financing programs include these companies among their targets (92 %), establish flexible terms (36 %) and demand guarantees or endorsements adjusted to their possibilities, according to a report recently published by the Economic Commission for Latin America and the Caribbean (ECLAC). The figures of the study Financing of International Trade and the Role of Development Banking in Latin America and the Caribbean (available on…

Experts Will Discuss the State of Latin American and Caribbean International Insertion and Integration

2 June 2014 | Announcement

The role played by foreign trade and foreign direct investment (FDI) in development, as well as integration agreements of Latin American and Caribbean countries and their place in global value chains, will be analysed at a two-day seminar to be held in Santiago, Chile, on 3 and 4 June. Osvaldo Rosales, Director of the International Trade and Intregration Division of the Economic Commission for Latin America and the Caribbean (ECLAC), Michael Penfold, Director for Public Policy and Competitiveness at CAF (Latin American Development Bank), and Masataka Fujita, Head of the Investment Is…

ECLAC Launches Study with Recommendations on Promoting Trade and Investment between Latin America and China

2 December 2013 | News

China plays a central role in the process of rapid change under way in the world economy. By 2017, the country's GDP is expected to outstrip that of the United States - making it the world's largest economy. This buoyancy has resulted in a strong demand for raw materials that often come from Latin America and the Caribbean. Between 2000 and 2012, the trade among China and the region therefore increased by 21 times to stand at USD 250 billion. China is now the main destination for exports from Brazil, Chile and Peru, the second destination for Venezuela, Colombia, Cuba and Uruguay, the th…

The United States Offers Opportunities for Organic Growers from Latin America and the Caribbean

2 December 2013 | News

The United States organic food market has shown impressive growth in the past 20 years, with sales rising from one billion dollars in 1990 to 31.5 billion dollars in 2011. Even shortly after the financial crisis, from 2009 to 2010, the growth in sales was 7.7 percent according to the Organic Trade Association. In 2012 the United States Department of Agriculture (USDA) estimated the size of the organic market in the United States to 31.4 billion dollars. The rapid increase in consumer demand for organic products exceeded the domestic supply capacity and traders of organic products have relied s…

Government Representatives and United Nations Experts Reviewed Advances and Challenges of Landlocked South American Countries

19 November 2013 | News

Government representatives from seven South American countries and United Nations experts met on 19 November in Asunción, Paraguay, to review the advances and challenges of the agreements adopted in 2003 in Almaty (Kazakhstan) in regard to landlocked countries worldwide. According to United Nations data, there are 31 landlocked developing countries, including two in Latin America (Bolivia and Paraguay). The Regional Meeting in Preparation for the Comprehensive 10-Year Review Conference on the Implementation of the Almaty Programme of Action was organized by the Government of Paragu…

ECLAC Holds Two Seminars on Latin America's Trade Relations with Asian Countries

20 August 2013 | News

During this decade, Latin America's economic and trade relations with Asian countries have grown considerably, and this is reflected in the figures and the rise in the number of trade agreements included between countries of the two regions. However, these links still feature asymmetries that remain a challenge, particularly for Latin American countries. In this context, this week the Economic Commission for Latin America and the Caribbean (ECLAC) will hold two seminars at its headquarters in Santiago, Chile, both opened by the Executive Secretary, Alicia Bárcena. On Wednesday 21 August will t…

62 search results. Displaying 20 per page.