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The annual report entitled “International Trade Outlook for Latin America and the Caribbean 2020” will be unveiled during a virtual press conference by the United Nations organization’s Executive Secretary, Alicia Bárcena, on Friday, January 22.
The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Friday, January 22 its annual flagship report entitled International Trade Outlook for Latin America and the Caribbean 2020, which examines the behavior of the foreign trade of the region’s economies in the last year, with the most recent figures available on the impact of the COVID-19 pandemic in distinct countries.
More specifically, this edition of the document is composed of three chapters, examining the evolution of global and regional trade after the outbreak of the coronavirus disease, analyzing the evolution of intraregional trade with a long-term view, and examining how international trade can contribute to gender equality when accompanied by the proper policies.
The report will be presented during a virtual press conference held by Alicia Bárcena, ECLAC’s Executive Secretary, speaking from Santiago, Chile at 11:00 a.m. local time (UTC/GMT -3:00).
According to the report, in 2020 the region’s trade notched its worst performance since the global financial crisis of 2009, mainly due to the abrupt drop in global demand prompted by the pandemic. Furthermore, the restrictions on cross-border movement of merchandise and people, imposed by governments to halt the spread of the virus, also affected transportation and the logistics of international trade. Alicia Bárcena will reveal the specific magnitude of the declines in the main regional trade indicators during the press conference.
The press conference will be transmitted live via Zoom at the following link: