Look Out: TPP About to Bring Next Big Trade Wave

By Jason Marczak, Director, Atlantic Council’s Adrienne Arsht Latin America Center Next week will open a new chapter in global commerce. On March 8, eleven countries will gather in Santiago, Chile, to sign perhaps the most far-reaching multilateral accord in a generation. It’s an agreement that significantly deepens the trade relationship between the Americas and Asia. And one in which the United States will sit on the sidelines. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a game changer in global trade. It covers 14 percent of global gross domestic product and 500 million people. These are much lower numbers than if the United States had stayed in it. But that’s not the point. In the absence of […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]