Global trade : the show must go on

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      <subfield code="a">This report points out the main risks for global trade next year 2019. It identify three main issues that companies should take into account next year in terms of trade. First, he anticipates that the cost of trade will increase mechanically in 2019, "because monetary and financial conditions are hardening in dollars." Secondly, it is observed that commercial diversification has already begun and could interrupt supply chains. "Companies could focus on local markets and safe trade routes to keep revenues under control, as the risk of disruptions in the supply chain has increased with commercial tensions between the United States and China," advises the entity. Finally, it warns of the risk of tariffs and other forms of protectionism, in addition to political risk, which could increase even further in 2019. It also concludes, "transaction risks (increasing sanctions or regulatory risks directed to highly visible sectors and strategic, such as the automobile), as well as the risks of confiscation and expropriation of assets, could be a second phase for increasing protectionism</subfield>
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