ECLAC Analyzes the Behavior of the Region’s Foreign Trade during the COVID-19 Pandemic –

The Economic Commission for Latin America and the Caribbean (ECLAC) will present next Friday, January 22 its annual flagship report entitled International Trade Outlook for Latin America and the Caribbean 2020, which examines the behavior of the foreign trade of the region’s economies in the last year, with the most recent figures available on the impact of the COVID-19 pandemic in distinct countries.

More specifically, this edition of the document is composed of three chapters, examining the evolution of global and regional trade after the outbreak of the coronavirus disease, analyzing the evolution of intraregional trade with a long-term view, and examining how international trade can contribute to gender equality when accompanied by the proper policies.

The report will be presented during a virtual press conference held by Alicia Bárcena, ECLAC’s Executive Secretary, speaking from Santiago, Chile at 11:00 a.m. local time (UTC/GMT -3:00).

According to the report, in 2020 the region’s trade notched its worst performance since the global financial crisis of 2009, mainly due to the abrupt drop in global demand prompted