Developing nations are losing the health & trade game.
The World Trade Organization (WTO) is already 26 years old and it has sadly been through a rut in the last few years. The presidency of Donald Trump and Brexit turned the tide of the free trade mantra that had reigned for a couple of decades. Even when Donald Trump was voted out, and the
What does it take to be successful as a trade promotion professional?
To be a good commercial promotion officer its is essential to build broad and deep relationships with business and trade associations both in the home country and in the host country. The first step towards being a competent economic officer is to know your host and target markets. It is vital to know the strengths
The WTO is still the best way to engage with China for a stable international trade system
China’s finalized its agreement to join the WTO on December 11, 2001, and it would prove to be an event of profound consequences to the international trading system equilibrium. The New York times edition from December 12th, 2001, one day after China agreed to join, the organization reflected the troubles that could arise from this
Foreign Direct Investment in Latin America and the Caribbean will fall by 50% in 2020
Deglobalization is gaining strength, and it’s not only due to the COVID-19 pandemic. Latin America and the Caribbean have been receiving less FDI in the past few years. The region got $160.721 billion in Foreign Direct Investment in 2019, 7.8% – less than in 2018-, a decline that fell sharply in 2020 with a forecast
Airlines in Latin America will lose more than 8 billion due to COVID-19
Mexico and Brazil have recovered best, with an increase of reservations in December The airline industry has been decimated by the COVID-19 pandemic. Many airlines have been hurt financially while others have stopped operating altogether. JETS, an exchange-traded fund, a composite index of many of the leading stocks has seen a decline of more than
G20 summit focuses on ending the pandemic and strengthening the economic recovery
The G20 summit took place virtually for the first time under the auspices of the kingdom of Saudi Arabia from November 21 – 22 with the theme Realizing Opportunities of the 21st Century for All. The G20 focused mainly on resolving the COVID-19 pandemic and the resulting economic crisis. G20 leaders have committed to «leading the
The key points of the decriminalization of marijuana approved in Mexico’s upper chamber.
Mexico might be the third country after Uruguay and Canada to legalize the consumption of cannabis. Mexico’s Senate approved with 82 votes in favour, 18 against y seven abstentions the Law to Regulate the Consumption of Cannabis. Although the Chamber of Deputies (Lower Chamber) still needs to discuss and approve the decriminalization of recreational or
Post-COVID world needs ‘outrageously bold’ vision – Nobel winner Yunus
By Emma Batha Nobel Laureate Muhammad Yunus called on Wednesday for «outrageously bold» thinking to reshape post-COVID society, including the creation of a new type of bank to help millions of workers whose livelihoods have been hammered by the pandemic. The Bangladeshi economist, nicknamed «banker to the poor», said the crisis presented an opportunity to
Half aid workers report racism at work in past year – poll
By Sonia Elks LONDON (Thomson Reuters Foundation) – Half of aid workers have experienced racism at work in the past year, with staff and activists saying agencies are failing to combat discrimination in their ranks, a global survey by the Thomson Reuters Foundation and aid consultancy Aid Works found. An online survey of 286 aid