ACTION Policy Recommendations and 2018-2021 Action Plan for Growth in the Americas ACTION FOR GROWTH Rodrigo Contreras Integration and Trade Sector Inter-American Development Bank INTRODUCTION The Americas Business Dialogue (ABD) is a
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ACTION Policy Recommendations and 2018-2021 Action Plan for Growth in the Americas ACTION FOR GROWTH Rodrigo Contreras
Integration and Trade Sector
Inter-American Development Bank<br>
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INTRODUCTION The Americas Business Dialogue (ABD) is a private sector led initiative facilitated by the Inter-American Development Bank (IDB) aimed at fostering a high-level public-private policy dialogue between business and government leaders of the Americas on the region’s priorities, challenges, and opportunities for economic growth and development.
In its role as facilitator of the ABD, the IDB:
Provides technical support to all ABD working groups. To this end, the IDB works to convene government authorities from the Americas to explore potential areas of public-private collaboration and supports the implementation of ABD recommendations
Works to facilitate the ABD annual plenary meeting and ABD member participation at high-level ministerial meetings in the Americas
Coordinates the CEO Summit of the Americas, with the support from the Summit of the Americas host country, where ABD members present policy recommendations to Heads of State and Government.<br>
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ABD WORKING GROUPS FIVE KEY THEMES<br>
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TRADING FOR
TOMORROW A regional infrastructure hub could serve as a central repository and incubator for potential projects, promoting infrastructure development that is critical to raising per capita GDP to near Organization for Economic Cooperation and Development (OECD) country equivalents. IDB estimates that a 1% reduction in transportation costs in Peru and Chile could facilitate a 4-5% increase in exports from rural regions.16 The World Trade Organization’s Trade Facilitation Agreement may reduce trade costs by almost 17% for low-income countries, and by 12% for high-income countries.17 The ABD’s goal is to support infrastructure efficiency, modernization, growth and integration as well as increase trade and transparent trade practices in the region.<br>
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TRADING FOR
TOMORROW Globally, overall infrastructure investment (public and private) ranged between 4.0% and 8.5% of GDP between 1992 and 2013, while regionally in LAC, the average over the same period was 2.4%. 19 Electronic Single Windows reduce the time and costs associated with the exchange of information, completion of documentation and issuance of permits.20 Coordinated Border Management (CBR), a collection of international best practices to streamline border procedures, is imperative to helping goods move in, out of and around the Hemisphere in an efficient and cost effective manner. The ABD’s goal is to support infrastructure efficiency, modernization, growth and integration as well as increase trade and transparent trade practices in the region. Each reduction of 1% to the costs of global trade translates into an increase in global income of up to US$40 billion.21<br>
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TRADING FOR
TOMORROW WORKING GROUP RECOMMENDATIONS: TRADE FACILITATION<br>
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Thank You Rodrigo Contreras
Integration and Trade Sector
Inter-American Development Bank
RODRIGOCON@IADB.ORG<br>
