UPDATED LATAM/CARIBBEAN TRADE INFORMATION TOOL RELEASED BY IDB

Photo: Posted by : Loren Moss / http://www.financecolombia.com

The Inter-American Development Bank (IDB) developed a new version of INTrade, an interactive information system that allows the detailed analysis of trade and integration in Latin America and the Caribbean.

INTrade, developed by IDB’s Trade and Integration Sector, offers an intuitive, user friendly interface and data visualization tools aimed at facilitating the understanding of large amounts of information and statistics included in the system.

The free platform lets the private sector, public agencies, and analysts to:

• Identify the most attractive and dynamic markets for products of Latin America and the Caribbean (LAC), and the requirements applicable to any export product so that it may qualify for preferential tariffs;
• Get information on the trade agreements signed by any country of the region, its systems of preferential tariffs, and the tariff phase-out schedules;
• Evaluate the impact of existing trade policies with the historic database; and
• Identify restrictive policies that may be inhibiting LAC’s export development.

INTrade information is organized in three modules:

• Statistics and Indicators – allows users navigate data for more than 5,300 products traded by the countries of the western hemisphere and their global trade partners, with 20-year time series and quarterly and annual data at the national tariff line level.
• Market Access – includes information on tariffs, tariffs under free trade agreements, the rules of origin that allow preferential access, and a large data base of border rejections for sanitary and phytosanitary infringements.
• Legal Framework – grants access to official documents for more than 150 trade and double-taxation agreements, with detailed summaries and chronology of negotiations, ratification, and subsequent amendments, and a system of indexed texts that allow an analysis of the trade agreements using more than 500 key words.

INTrade data feed the publications “Trade and Integration Monitor” and “Trade Trends” that analyze the outlook for international trade and trade development in the region on an annual and biannual basis, respectively.