November 28, 2019
According to the report on International Trade Outlook for Latin America and the Caribbean, published by ECLAC in November 2019, new technologies have had mixed effects on international trade. Digital platforms and the Internet of Things, on the one hand, have increased the flow of cross-border transactions with significant reductions in costs.
While robotics, artificial intelligence, additive manufacturing, and 3D printing have enabled the automation of many business service processes, which has begun to have a greater impact on investment flows, contracting with third countries, and market access, among others, ECLAC estimates that digital platforms could increase trade in goods by two percentage points.