International Business student, Universidad EAFIT, Colombia
Nowadays, the different services related with the transport industry like: operation, administration, licensing, insurances, financing, and recycling, are also related with certain economies in which those activities are more competitive. For instance, developed countries usually undertake activities like insurance, and financing that generate more value added. UNCTAD works together with governments in the process of increasing trade in global economy.
Dr. Vincent F. Valentine Officer-in-Charge, Transport Section Trade Logistics Branch at UNCTAD describes the current conditions of the transportation services in the world. Dr. Valentine emphasizes some principles of the global transportation services that could be implemented in Colombia in order to increase competitiveness in this sector, and to take advantages of the current regional integration processes.
Surprisingly, after asking about infrastructure problems that the country faces today, Dr. Valentine argues that “actually infrastructure should not become such an important effort in governmental agendas, it is currently more crucial to have availability of efficient customs, consolidation process (at ports), administration procedures”. Dr. Valentine calls these “soft practices”, which are activities in which countries should specialize if they want to be attractive for international trade. In this sense, the impossibility to maintain investment flows in the country through the years makes this option dangerous for the economies: countries should not depend on this capital injections, but they should increase efficiency by creating a qualified labor force that works both inside, and outside of the ports: transportation is a service that must involve complementary activities from different areas.