A new study released by the Economic Commission for Latin America and the Caribbean (ECLAC) is predicting that the region will in 2017 leave behind half a decade of declines in the prices of their export basket and a weak increase in exported volume, achieving 10 per cent growth in the value of its shipments abroad.

The Economic Commission for Latin America and the Caribbean, in its annual report  on “International Trade Outlook for Latin America and the Caribbean, 2017” noted that the region’s imports will also recover after four years of declining values, since they are projected to grow seven per cent in 2017.

According to the Jamaica Observer, the ECLAC said although there is great uncertainty in macroeconomic, technological and geopolitical arenas at an international level, various factors have contributed to the trade recovery in Latin America and the Caribbean.

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