Preliminary estimates indicate that the world’s banana exports, excluding plantain (pink banana or male banana), reached a new record of 22.2 million tons (Mt) in 2020, an increase of 1.7% year-on-year, according to a FAO and OECD report. In particular, strong supply growth in Ecuador, Costa Rica and
In today’s global economy, 70% of international trade involves global value chains (GVC), according to a publication released by the World Trade Organization (WTO). The GVC trade is characterized by services, raw materials and parts and components that cross borders, often many times, to be incorporated into final
The increase in the prices of raw materials was the main explanatory factor for the rebound in exports from Latin America and the Caribbean in 2021, highlighted a report by the Inter-American Development Bank (IDB). The economic recovery, driven in part by fiscal and monetary stimuli in advanced
Production in most OECD countries has exceeded its level at the end of 2019 and is converging on its pre-pandemic path. But, according to that international body, lower-income economies, particularly those where vaccination rates are low, run the risk of being left behind. In these nations the unevenness
The Mexican Ministry of Economy reported that the sugar quota for exports to the United States totals 150,000 tons from October 1, 2021 to March 31, 2022. Since 2014, the sugar trade between the United States and Mexico is managed under Suspension Agreements between the two countries. Sugar
The Regional Comprehensive Economic Association (RCEP) will come into effect on January 1, 2022. Upon entry into force, the it will create the world’s largest trading bloc by economic size, according to an UNCTAD study released on December 15. RCEP includes 15 East Asian and Pacific nations of