May 16, 2021

Latin America will discuss the cost of land transport in Santo Domingo

Latin America will discuss the cost of land transport in Santo Domingo



International cooperation directors from Latin America and the Caribbean will discuss the high costs of road transport in the region tomorrow and Friday in Santo Domingo, the Ministry of Industry, Commerce and Mipymes (MICM) reported today.

The meeting has among its objectives to identify the main opportunities and challenges of international cooperation to strengthen the commercial infrastructure and connectivity in order to reduce costs and time in logistics and increase regional participation in global value chains, according to a press release. of the MICM.

According to estimates of the Organization for Economic Cooperation and Development (OECD) and the Economic Commission for Latin America and the Caribbean (ECLAC), the high concentration of road transport in the region is 15 times higher than in the United States and originates a increase in logistical costs of up to 57%, includes an official document of the activity.

The theme of the meeting is "Strengthening cooperation in connectivity in the commercial sphere in Latin America and the Caribbean: towards greater insertion in value chains".

The meeting is organized since 1987 within the framework of the Latin American and Caribbean Economic System (SELA).

It is a meeting place for the directors and cooperation agencies of the countries of Latin America and the Caribbean, with the purpose of exchanging ideas, experiences and good practices.

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