Trade Logistics and Regional Integration in Latin America and the Caribbean

43 Pages Posted: 8 Aug 2010

See all articles by Pablo Guerrero

Pablo Guerrero

Inter-American Development Bank (IDB)

Krista Lucenti

Inter-American Development Bank (IDB)

Sebastian Galarza

affiliation not provided to SSRN

Date Written: August 2, 2010

Abstract

During the past few decades, the landscape of the world economy has changed. New trade patterns reflect the globalization of the supply chain and intra-industry trade, and increasing flows between neighboring countries and trading blocs with similar factor endowments. Similarly, the approach to production, trade, and transportation has evolved incorporating freight logistics as an important value-added service in global production. This integrated approach have become essential, and as such, both the trade agenda and freight logistics are beginning to converge providing an unparalleled opportunity for countries to deepen their integration with neighboring countries and their national performance in transport related services. Consequently, developing countries are finding themselves hard-pressed to adjust their policy agendas to take into account costs not covered in past rounds of trade negotiations.

This paper focuses on the importance of freight logistics in trade facilitation measures, examines the transport and logistics cost in international trade, addresses logistics performance in Latin America and the Caribbean and regional initiatives to advance the integration process and finally, exchanges views on the potential for trade logistics to impact the regional agenda and to deepen integration.

Keywords: Latin America Caribbean trade, regional integration, infrastructure trade facilitation

JEL Classification: F15

Suggested Citation

Guerrero, Pablo and Lucenti, Krista and Galarza, Sebastian, Trade Logistics and Regional Integration in Latin America and the Caribbean (August 2, 2010). ADBI Working Paper No. 233, Available at SSRN: https://ssrn.com/abstract=1654307 or http://dx.doi.org/10.2139/ssrn.1654307

Pablo Guerrero (Contact Author)

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

Krista Lucenti

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

Sebastian Galarza

affiliation not provided to SSRN ( email )

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