12-03-2020 Latin American Weekly Report
Region reels as coronavirus spreads and oil plunges
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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