News / Pandemic creates 'worst crisis in a century' for Latin America and Caribbean trade

© Yong hian Lim

Latin America and the Caribbean have been particularly badly hit by the pandemic, with trade expected to contract by almost a quarter this year.

While ocean carriers have seen a strong recovery in the main Asia-Europe and transpacific tradelanes, the Latin American and Caribbean markets continue to suffer significantly from the impact of Covid-19.

During a virtual session of the Inter-Parliamentary Monitoring Commission of the Pacific Alliance yesterday, executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) Alicia ...