65-06-19 Latin American Economy & Business Report
Economy & Business Report
Infrastructure crucial for regional economic growth, says IDB
Over roughly the last three decades the Latin America and the Caribbean (LAC) region has been laboriously building up a patchwork of free trade agreements and sub-regional trade blocs. A new report from the Inter American Development Bank (IDB), Connecting the dots: A road map for a better integration of Latin America an d the Caribbean , suggests there is a lot more to be done to reap the potential benefits offered by regional integration. In fact, if the existing 33 separate agreements were to be blended into a single trading bloc, the report suggests that US$11bn in additional trade could be generated.
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