3 ways the new Trade Facilitation Agreement will transform Latin America

Mar 27, 2017

An unladen container ship is pictured among containers during a strike by port workers against the government in Valparaiso port, about 121 km (75 miles) northwest of Santiago, April 5, 2013.

Image: REUTERS/Eliseo Fernandez

Jose Acosta

President, Public Affairs UPS Americas Region, UPS

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Latin America

Latin America out-performs the global average in domestic and foreign market access, but a Global Alliance for Trade Facilitation analysis finds that border inefficiencies greatly hinder the region’s ability to capitalize on global commerce. Image: Global Alliance for Trade Facilitation

Image: World Trade Organization

Existing trade barriers in Latin America like cumbersome border requirements and delays are the equivalent of steep tariffs, greatly increasing the cost of doing global business with the region. Image: World Trade Organization

Image: Global Alliance for Trade Facilitation

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