Latin American trade: The good news

At a time when some punters blame trade for everything from job losses to the size of tradable bananas, one could be excused for thinking that all is bad in the world of commerce. In fact, the picture is rosier than headlines would have you believe. Yes, there are trade restrictions and protectionist tensions, and yes, multilateral rule-making remains under threat, but there are also positive trade news, including in Latin America. In the region, many governments remember how trade helped pull millions out of poverty and supported generate jobs in new sectors, and hence they remain committed to using trade to drive further growth. The first piece of good news affecting Latin America was the announcement by the European […]


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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 […]