Skip to Main Navigation

Deep Trade Agreements - Anchoring Global Value Chains in Latin America and the Caribbean

July 12, 2022

The Latin America and the Caribbean region (LAC) is looking to consolidate its recovery from the COVID-19 crisis. Vaccination is well-advanced in most of the region, the region is on track to recovering previous levels of GDP and employment, schools are opening, and firms are hiring. However, growth forecasts of 2022 and 2023 growth remain modest, at 2.5 percent and 1.9 percent respectively. Long-term structural bottlenecks remain, and are compounded by looming challenges, such as recurrences of the virus, rising inflation, the instability generated by the war in Ukraine, and the pressures on supply chains emanating from the war and the pandemic.

Policymakers must address the novel nature of these supply shocks and look at reforms that can build resilience and boost competitiveness into their trading regimes. Against this background, better trade integration in global value chains (GVCs) via Deep Trade Agreements (DTAs) can be a useful tool for the region.

A new World Bank publication helps to illustrate why DTAs matter for LAC and which elements countries should consider when outlining a future trade agenda that can help create the conditions for firms to improve their productivity and stimulate job creation. The study is a handy and important compilation of potential reforms that policymakers, practitioners, and private sector can consider and consult.



William Maloney, World Bank Chief Economist for the Latin America and Caribbean


Introductory remarks
Carlos Felipe Jaramillo, World Bank Vice President for the Latin America and the Caribbean Region


Presentation of report
Michele Ruta, Lead Economist and Nadia Rocha, Senior Economist


Panel discussion
Moderated by William Maloney, LAC Chief Economist


  • Anabel González, Deputy Director-General – World Trade Organization (WTO)
  • Marcela Eslava, Professor and Dean of Economics - Universidad de Los Andes
  • Constanza Negri Biasutti, Manager of Trade Policy - Brazilian National Confederation of Industry (CNI)


Q&A from audience



  • Join the event!: Follow us on Twitter and send us your questions so our experts can answer them during the event! @BancoMundialLAC
  • Problems or questions?: Send us an email:
Download the report