The Americas Business Dialogue (ABD) Trade Facilitation Working Group has launched an innovative document designed to strengthen the support that micro, small, and medium-sized enterprises (MSMEs) receive in their integration into international markets. This launch addresses the urgent need to reduce the barriers faced by these enterprises, which are vital to the region’s economy.
The main objective of this document is to provide policymakers with a toolkit of best practices and measures to facilitate the participation of MSMEs in international trade. MSMEs constitute 99.5% of businesses in Latin America and the Caribbean (LAC) and represent 60% of formal productive employment. However, they face significant barriers such as high fixed costs associated with international trade and complex customs and border procedures, which hinder their competitiveness in global markets.
Trade facilitation is crucial for increasing the participation of MSMEs in international trade. Small businesses, which cannot leverage economies of scale like large ones, benefit significantly when the trade facilitation environment improves… read more here
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On the eve of the IX Summit of the Americas, hosted by President Biden in Los Angeles, the United States announced the establishment of complementary mechanisms to bolster resiliency of the hemisphere’s health economies and ecosystems: the multisectoral Americas RISE for Health and the Economic and Health Dialogue of the Americas (EHA) Together, RISE and EHA represent novel complementary efforts that focus the region’s governments, private sector and civil society on shared challenges and opportunities to build resilient, inclusive, sustainable, equitable (RISE) health economies and ecosystems.