Effects of COVID-19 On Exports and Port Movements in Latin America and the Caribbean

In the last few months, the world has witnessed and continue to witness a drastic change in our daily lives, which has also caused great impacts on business, trade, and shipping. The outbreak of a pandemic changed all economic and trade expectations for 2020. From a forecast of 3.6% growth in container trade worldwide in the last quarter of 2019, to 2.5% in January 2020, new projections have lowered down expectations to -4.9%. This drop is partially explained, apart from the pandemic, by the continuing increase of blank sails[1] and labour restrictions. Several countries have been implementing…

Effects of COVID-19 on exports and port movements in Latin America and the Caribbean

In the last few months, the world has witnessed and continue to witness a drastic change in our daily lives, which has also caused great impacts on business, trade, and shipping. The outbreak of a pandemic changed all economic and trade expectations for 2020. From a forecast of 3.6% growth in container trade worldwide in the last quarter of 2019, to 2.5% in January 2020, new projections have lowered down expectations to -4.9%. This drop is partially explained, apart from the pandemic, by the continuing increase of blank sails[1] and labour restrictions. Several countries have been implementing…

Discurso de cierre del trigésimo octavo período de sesiones de la CEPAL

Discurso de cierre del trigésimo octavo período de sesiones de la CEPAL Alicia Bárcena, Secretaria Ejecutiva de la CEPAL Santiago, 28 de octubre de 2020 Querido Rodolfo Solano Quirós, Ministro de Relaciones Exteriores y Culto de Costa Rica, Dear Amina Mohammed, UN Deputy Secretary General, thank you for being with us today, Esteemed Carolyn Rodrigues Birkett, Permanent Representative of Guyana to the United Nations and Chair of the Group of 77 and China, Distinguidos Cancilleres, Viceministros y delegados de los Estados miembros de la CEPAL, Señoras y señores miembros del Cuerpo D…

Boletín de Comercio Exterior del MERCOSUR Nº 3: los desafíos de la integración en el mundo de la pospandemia

El Boletín de Comercio Exterior del MERCOSUR analiza la dinámica comercial del Mercado Común del Sur desde una perspectiva estructural. Se trata de una publicación anual de la Comisión Económica para América Latina y el Caribe (CEPAL), elaborada en forma conjunta por las oficinas de la CEPAL en Brasilia, Buenos Aires y Montevideo, en coordinación con la División de Comercio Internacional e Integración y bajo la supervisión de la Oficina de la Secretaria Ejecutiva de la Comisión. El Boletín cuenta con el apoyo del Mecanismo Regional para el Desarrollo en Transición (Regional Facility for Develo…

Global Air Cargo in the context of the COVID-19

The air transport industry is deemed essential in the face of the current outbreak, being the means of transport that regularly distributes crucial goods such as medical equipment, inputs and supplies, as well as other essential assets for the functioning of a country. However, since the beginning of the pandemic, it has displayed an overall downturn. The air cargo performance demonstrated a severe capacity shortfall at a global scale: ✓ Global demand, which includes both domestic and international markets, fell by 15.2% in March compared to the previous year (-15.8% for internatio…

COVID-19 Pandemic Will Lead to the Biggest Contraction in Economic Activity in the Region’s History: A -5.3% Drop in 2020

The coronavirus (COVID-19) pandemic is affecting the economies of Latin America and the Caribbean through external and domestic factors, the combined effect of which will lead to the worst contraction that the region has ever undergone, exceeding those seen in 1914 and 1930. According to the latest estimates, an average regional contraction of -5.3% is forecast for 2020, ECLAC indicated today while launching a new report. The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, presented on this Tuesday, April 21, the COVID-19 Special Rep…

Recovery measures for the tourism sector in Latin America and the Caribbean present an opportunity to promote sustainability and resilience

Desde abril de 2020, el turismo en la región se ha detenido temporalmente como resultado de la pandemia de la enfermedad por coronavirus (COVID-19). Esta parálisis no solo ha afectado duramente a las economías y el empleo del Caribe, sino también a muchas comunidades locales de América Latina. En este informe se examina la contribución del turismo a las exportaciones, el producto interno bruto (PIB) y el empleo, así como la reciente disminución de esta actividad en la región. Un escenario del impacto muestra que la caída del turismo podría llevar a una disminución del crecimiento del PIB total…

Joint UN call for smooth transit and transport facilitation to and from landlocked developing countries

Six United Nations agencies call on governments to ensure smooth transit and transport for their landlocked neighbours during and after #COVID19.…

Financing for development in the era of COVID-19 and beyond: Urgent considerations for the Caribbean