Regional Logistics: Key for Competitiveness

The homogenization of logistics processes in the isthmus under "a regional vision" would improve competitiveness and increase trade volumes.

Thursday, February 16, 2012

Central America could improve its competitiveness and increase trade volumes with the unification of criteria for logistics processes under "a regional vision," said an expert from the International Finance Corporation (IFC).

Central America has to "make an effort" to improve its foreign trade logistics processes, "but with a regional vision (...), this is critical," said Peruvian Alvaro Quijandria, regional manager of IFC Investment Climate Latin America and the Caribbean, World Bank (WB), to Efe according to LaTribuna.hn review.

"It is imperative" that logistics are unified "for greater international competitiveness," said Quijandria. The expert gave the example that if Central America managed to reduce transport times for cargo by 10%, the volume of trade would increase by 3.5%.

Quijandria said that if there were "an integrated vision for the entire chain involved in the operation of foreign trade," there would also be a decrease in costs.

More on this topic

Integration of Logistic Components in Panama

March 2011

To become a global logistics center, Panama needs to efficiently integrate the various components involved in this sector.

Panama is already a leading player in world logistics, and most of its assets "provide excellent results individually, but lack a collective sense."

 close (x)

Receive more news about International Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Company Division for Sale

We are a Logistics Provider in San Jose, Costa Rica with a wide range of services within the Logistics arena.
We're interested to sell one of our divisions, with good...

Stock Indexes

(Apr 16)
Dow Jones
1.00%
S&P 500
1.05%
Nasdaq
1.29%

Commodities

(Apr 17)
Brent Crude Oil
109.04
Coffee "C"
188.85
Gold
1,301
Silver
19.560