Why We Need A Global Trade Deal
Why We Need A Global Trade Deal
It’s a guarantee that there are no losers in the race for growth—especially in the hemisphere
With growth in Latin America expected to decline for a fifth consecutive year in 2015, trade can be a powerful engine for economic renewal. However, it’s clear to most observers that at present this engine is not firing on all cylinders.
The World Trade Organization (WTO) forecasts a rise of just 0.2 percent in the value of merchandise exports among South and Central American countries this year, following a 2.5 percent decline in 2014—the poorest global performance last year. While there are a number of factors behind these gloomy figures, trade can play a crucial role in improving...
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