International Trade Outlook for Latin America and the Caribbean 2017

Recovery in an Uncertain Context

image of International Trade Outlook for Latin America and the Caribbean 2017

This first edition of International Trade Outlook for Latin America and the Caribbean, which is the continuation of Latin America and the Caribbean in the World Economy with a new title, covers 2017 and contains three chapters. The first chapter describes the current international context and the recovery of trade in the region. Chapter II reviews the region’s performance in global trade in services in general and in modern services in particular, since 2005. Chapter III provides an overview of Latin America and the Caribbean’s share of the world agricultural trade since 2000 and offers some policy recommendations for increasing the sector’s contribution to regional development.



Latin America and the Caribbean: the challenges of global agricultural trade

The combination of various worldwide demographic, economic and social trends highlights the potential that the agricultural export sector holds for Latin America and the Caribbean. The most recent projections indicate that the world population, currently around 7.3 billion, will reach 9.5 billion by 2050. Nearly all of this increase (roughly equal to the total present populations of China and India) will take place in developing countries, especially in Africa and Asia. In addition to their robust economic growth, these two continents are going through an accelerated process of urbanization and expansion of the middle class. All of this creates significant room for food exports from the region, which has traditionally produced a surplus in this sector. In this context, the agricultural, agro-industrial, aquaculture and forestry sectors can make an important contribution to regional development, not only as generators of foreign exchange, but also in terms of value added and the diversification of output and exports.


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