New report says digital trade can unlock growth in Latin America and the Caribbean

WASHINGTON, United States (CMC)—A new report on Tuesday suggests that international trade that is ordered or delivered online has quintupled in two decades in Latin America and the Caribbean to nearly US$90 billion and is rapidly becoming a powerful engine of growth across the region.

The report released by the Inter-American Development Bank (IDB), the World Trade Organization (WTO), and the World Bank Group says that digital trade is creating new opportunities for businesses, workers, and entrepreneurs while helping countries compete in an increasingly digital global economy.

The report titled ”Digital Trade in Latin America and the Caribbean: Connecting Markets, Powering Growth” examines how digital technologies are reshaping trade across the region and identifies policies needed to unlock their full potential and boost growth and competitiveness.