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 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.

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