In the United States, total trade in goods and services rebounded in 2021 to its pre-pandemic levels. In 2022, trade in goods sustained the recovery that started in 2021, but the trade in services has not fully recovered as significant services industries such as travel, and transport are still facing the lingering effects of the pandemic.
Modern services —digitally delivered services such as computer, financial and business services— have been the most dynamic category of international trade in the past decade. However, Latin America and the Caribbean is still a marginal player in global trade in modern services.
European Union High Representative Josep Borrell and ECLAC Acting Executive Secretary Mario Cimoli held a bilateral meeting today at the regional commission’s headquarters in Santiago, Chile.