China led in 2019 (latest available data) domestic support under Annex 2 of the World Trade Organization (WTO) Agreement on Agriculture (Green Box). A report from this body indicates that China granted $177 billion under this item and allocated the largest share to infrastructure services. What is the
Neither Brazil nor Mexico has been able to articulate an integration agenda to increase intraregional trade in Latin America and the Caribbean. In 2022, this trade shows one of the lowest levels of integration in recent decades. Of the total imports that Latin America and the Caribbean made
Trade integration in Latin America and the Caribbean now has a new opportunity to take place with nearshoring, said Luz María de la Mora, former Undersecretary of Foreign Trade of the Mexican government. In an analysis published by ECLAC, De la Mora believes that the challenges faced by
U.S. imports claimed under the Generalized System of Preferences (GSP) program were $18.7 billion in 2023, a year-over-year drop of 13 percent. The GSP, which extends preferential tariff treatment to certain products from beneficiary developing countries, expired on December 31, 2020. The scenarios? GSP reauthorization requires an act
Braskem, the largest petrochemical company in Latin America, highlighted the growing global demand for Polyethylene (PE), Polypropylene (PP) and Polyvinyl Chloride (PVC). Global demand for PE, PP and PVC in 2023 was estimated at 117 million metric tons, 85 million metric tons and 46 million metric tons, respectively,
Ternium announced in February 2022 the construction of new downstream facilities in Pesqueria, Nuevo Leon state, Mexico. The projects include a push-pull pickling line with an annual capacity of 550,000 tons and new finishing lines, which are currently expected to come on line in mid-2024. Also among the