SAN JOSÉ, Costa Rica, Oct 14 2015 – A new study by the Inter-American Development Bank (IDB) has pointed to a significant drop in exports from Latin America and the Caribbean.
The study ‘The Trade and Integration Monitor 2015’ will be launched here on Friday October 16.
It says that after three years of stagnation, exports from Latin America and the Caribbean started to fall in 2014, and the decline has steepened in the first half of 2015.
The negative performance, caused in part by China’s deceleration and the consequent slowdown in demand, together with declining prices for commodities exported by the region, has led to the most significant reduction in exports since the 2009 trade collapse.
The Trade and Integration Monitor 2015 analyses the region’s current trade outlook and underlines the urgent need to promote public policies aimed at stimulating trade diversification in a context characterised by greater exchange rate volatility and prospects of higher international financing costs.
The report will be officially presented in coordination with INCAE Business School.
