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Trade Promotion Organizations in the Pandemic World

Author

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  • Choi,Yewon
  • Fernandes,Ana Margarida
  • Grover,Arti Goswami
  • Iacovone,Leonardo
  • Olarreaga,Marcelo

Abstract

A 2021-22 survey of trade promotion organizations conducted by the World Bank to understand howthe COVID-19 pandemic affected their functioning suggests four main findings. First, trade promotion organizations inhigh-income countries are larger than those in low-income countries, suggesting a stronger capacity to adapt duringthe pandemic. Second, trade promotion organizations in high-income countries saw a significant jump in their medianbudget in 2021 indicating a strong response effort. In low-income countries, the budgets of trade promotionorganizations declined. Third, most trade promotion organizations in high-income countries put in place aCOVID-19 recovery plan, while none of the trade promotion organizations in low-income countries had one in place atthe time of the survey. Fourth, trade promotion organizations used several virtual tools during thepandemic, such as business-to-business matching events and training of small firms on e-commerce, and are expecting toincrease the use of all virtual tools post COVID-19. Trade promotion organizations’ use of virtual tools in low-income countries remained limited.

Suggested Citation

  • Choi,Yewon & Fernandes,Ana Margarida & Grover,Arti Goswami & Iacovone,Leonardo & Olarreaga,Marcelo, 2023. "Trade Promotion Organizations in the Pandemic World," Policy Research Working Paper Series 10374, The World Bank.
    • Handle: RePEc:wbk:wbrwps:10374
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    References listed on IDEAS

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    Cited by:

    1. Ileana Cristina Constantinescu & Arti Grover & Gaurav Nayyar, 2024. "Digitalization, Remote Work and Firm Resilience : Evidence from the COVID-19 Shock," Policy Research Working Paper Series 10949, The World Bank.

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