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January 2019

Leave your hammocks at home: How a customs union between Guatemala and Honduras cut trade times from 10 hours to 15 minutes

Bill Gain's picture


As recently as 2017, cargo truck drivers bringing shipments of goods across the border of Guatemala and Honduras often brought along one unexpected item: a hammock. This is because clearing customs and traveling one kilometer between the two countries could take up to 10 hours. While waiting in line, drivers would need to take a break.

Is a Green Belt and Road feasible? How to mitigate the environmental risk of BRI Infrastructure Project

Elizabeth Losos's picture

China has assured the world that its Belt and Road Initiative (BRI) will be green
. While broad polices have been proposed to support this pledge, there is little evidence of project guidance or implementation. Given the history of negative environmental impacts from large infrastructure projects across the globe, the expansion of transportation infrastructure planned under BRI is worrisome. To clarify environmental risks from BRI road and rail development and examine best practices to address risks, researchers from Duke University have produced the working paper Reducing Environmental Risks from BRI Investments in Transportation Infrastructure.

Hurry up! How the Belt and Road Initiative changes trade times and trade

Nadia Rocha's picture

When it comes to trade, speed is of the essence. This is especially true for developing countries integrating with global markets. When goods and inputs are time sensitive, delays can be particularly costly. For this reason, the time it takes to get goods from one place to another – trading times – is a key variable determining how successful a country will be in global markets.