Thu | Sep 21, 2017

IDB upgrades trade information portal

Published:Wednesday | April 27, 2016 | 4:02 AM

The Inter-American Development Bank (IDB) on Monday has developed a new version of INTrade, an interactive information system that allows for detailed analysis of trade and integration in Latin America and the Caribbean (LAC).

INTrade is a free online platform that offers data visualisation tools to navigate large amounts of information and statistics.

The web portal - www.intradebid.org/site/ - lets the private sector, public agencies and analysts identify the most attractive and dynamic markets for products, and the requirements that export products must meet to qualify for preferential tariffs, says IDB.

It also provides information on the trade agreements signed by any country in LAC, its systems of preferential tariffs, and the tariff phase-out schedules, and it evaluates the impact of existing trade policies with the historic database and identify restrictive policies that may be inhibiting LAC's export development.

IDB said that INTrade information is organised in three modules that allow users to navigate data for more than 5,300 products traded by the countries of the western hemisphere and their global trade partners, with a 20-year time series and quarterly and annual data at the national tariff line level.

Regarding market access, the new system includes information on tariffs, tariffs under free trade agreements, the rules of origin that allow preferential access, and a large database of border rejections for sanitary and phytosanitary infringements.