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Activity Highlights in Regional Integration

Reducing Trade Costs at WTO’s Fifth Aid for Trade Global Review

The IDB underscored efforts to reduce trade costs in Latin America and the Caribbean (LAC) in the framework of the World Trade Organization’s (WTO) Fifth Global Review on Aid for Trade (AfT) meetings focusing on reducing trade costs for inclusive, sustainable growth.

Jul 29, 2015.

Ecuador and Colombia Coordinated Border Management

From July 13th to 17th in Bogota and Quito, with the support from the Inter-American Development Bank, working sessions with representatives of government institutions from Colombia and Ecuador responsible of border management and the private sector were held with the aim of establishing a framework to improve border management.

Jul 23, 2015.

Regional Public Goods Initiative

The 11 finalists were selected among 69 proposals submitted under this year´s call for proposals of the RPG Initiative.

Jul 22, 2015.

The IDB Launches ConnectAmericas.com in Chile

With the goal of supporting the internationalization of small and medium enterprises (SMEs), the Inter-American Development Bank (IDB) created ConnectAmericas.com. The site is a novel digital platform designed to help SMEs in Latin America and the Caribbean make more and better business transactions and investments within their countries and abroad.

Jul 15, 2015.

Pacific Alliance moving towards its consolidation

The X Presidential Summit of the Pacific Alliance (PA) was held on July 1-3 in Paracas, a natural reserve of the Peruvian coast, where the four Presidents of the member countries of the Alliance – Chile, Colombia, Mexico and Peru – expressed their will to deepen integration among the four countries, whose combined economies represent 38% of the regional GDP.

Jul 15, 2015.

IDB Promotes Trade Facilitation through Border Integration in Central America

The Inter-American Development Bank (IDB) is very active in promoting trade facilitation in Central American countries. Recently the Bank promoted various initiatives particularly important for this purpose, of which three of them stand out.

Jun 29, 2015.

IDB and Financial Times: Trade Links with the New Latin America

Trade Links with the New Latin America: Capitalizing on investment, trade and cooperation between Latin America and Asia-Pacific

Jun 28, 2015.

Colombia and Ecuador implement the TIM Andino System

Customs Administrations and Phytosanitary Agencies from Ecuador and Colombia launched an initiative to facilitate trade and have better traceability of cargo circulating under the international transit regimen through the border crossing of Rumichaca.

Jun 16, 2015.

Seventh round of meetings of the Inter-American Single Windows Network

The Inter-American Single Windows Network (Red VUCE) emerges as an initiative of the region’s countries precisely with the objective to promote the use of electronic single windows as an instrument to facilitate trade, in particular to optimize and reduce times and costs associated with export transactions, import and transit goods according to international standards and best practices.

May 29, 2015.

ConnectAmericas has New Partners in Mexico

This whole business ecosystem places Mexico within a framework where its SMEs can strengthen their exporting capacity through tools such as those offered by ConnectAmericas. The platform, created by the IDB, has become an innovative instrument that supports SMEs in the Americas grow their business internationally through networking opportunities to promote their goods and services, as well as access tools for business intelligence, financing, training and business development.

May 29, 2015.

Haiti: improving the business climate

The new law and its regulatory framework represent an important advance in promoting the collaboration between the public and private sectors. In addition, it will have a positive effect in improving the investment climate in the country, along with a positive impact in the economic development and the potential capacity to attract direct foreign investment to Haiti.

May 28, 2015.

The 2015 ANDI Outsourcing Summit

The academic program placed special emphasis on Global Value Chains. For that, the presentation by Juan Blyde, Leading Economist for the IDB’s Integration and Trade Sector was highlighted in the context of his recent publication Synchronized Factories: Latin America and the Caribbean in the Era of Global Value Chains. In his lecture, Blyde stressed the importance for countries to participate in GVCs and identify opportunities and challenges faced by Colombia in this matter.

May 27, 2015.

Areas of Action

 
 

By the Numbers


2.5%-5%


GDP investment in infrastructure in the next 20 years that would be required to catch up with East Asian countries.

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