Global commercial services trade recorded a year-on-year increase of 8% in the first half of 2023, according to a report by the World Trade Organization (WTO). What is trade in services? It is the buying and selling of intangible activities that do not result in the transfer of
The U.S. International Trade Commission (USITC) highlighted six macroeconomic trends in the world, providing a glimpse into the direction of the global economy. Macroeconomic trends These patterns and changes are as follows: World GDP A fundamental way to measure economic health is in the performance of Gross Domestic
In the fast-paced world of logistics, the integration of cutting-edge technologies has become imperative to enhance operational efficiency and meet the growing demands of the market. One such transformative technology making waves in the realm of warehouse operations is Augmented Reality (AR). This innovative tool is reshaping traditional
The European Union has made sporadic, albeit sparse, use of safeguards under the World Trade Organization (WTO). Since its inception, it has imposed only six safeguard measures, the last one in 2018 (still in force). The case before this one dates back to 2010. What is a safeguard?
Mining is among the main sectors of the Chilean economy, with copper dominating exports. In the first half of 2023, the primary sector decreased 1.2% (representing 16.3% of total nominal GDP), the manufacturing sector decreased 1.1% (representing 10.0% of total nominal GDP) and the services sector increased 0.3%
Heartland Express exposed that the trucking industry has faced a shortage of drivers in North America. Competition for qualified drivers remained a challenge in 2022 and is expected to be a challenge in the future due to the declining number of qualified drivers in the industry. However, Heartland