Stories for January 25th 2013
Argentina easing imports’ restrictions mainly for Mercosur associates
The government of President Cristina Fernandez has decided to revoke non-automatic licensing requirements which had been placed on certain products before they could be imported into Argentina for consumption, according to a resolution published Friday on the Official Gazette. But earlier in the week Argentina increased the import tariff on a hundred products to the maximum authorized by WTO, which is 35%.
Falklands to host Commonwealth lawmakers’ conference: ‘self determination and devolution’ in agenda
The Falkland Islands will be hosting the 43rd British Islands and Mediterranean Region (BIMR) Annual Conference of the Commonwealth Parliamentary Association (CPA) from the 11th to 15th February 2013. This is the second time BIMR holds its annual conference in the Falklands, last time was in February 2004.
Brazil’s Vale suspends ‘indefinitely’ 6bn potash project in Argentina
Brazil’s government managed Vale and the world’s third-largest mining company, suspended works at its 6 billion dollars potash project in Argentina indefinitely. A suspension at the Rio Colorado potash project in the Argentine province of Mendoza since last month will be maintained, the Rio de Janeiro-based company said in an e-mail.
Argentina’s industrial production down in 2012, first time in a decade
Industrial output dropped 1.2% in 2012 compared to the volume registered in 2011, Indec national statistics bureau reported on Thursday. The Industrial Monthly Estimator (EMI) stated that industrial production dropped 3.4% in December when compared to the same month of 2011
Global economic rebound in 2014 following on a weakened 2013, says IMF
An unexpectedly stubborn Euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, according to the International Monetary Fund.
Brazil development bank plans to invest almost a trillion dollars in next three years
Brazil’s Social and Economic Development Bank (BNDES) has plans to invest 1.858 trillion Reais (approx 906bn dollars) between 2013 and 2016. In 2012, total investments amounted to approximately 156 billion Reais, up 12% compared to 2011, and a total of 2.394 trillion Reais was invested between 2008 and 2012.
Cameron at Davos called for a more competitive, open and flexible Europe
British Prime Minister David Cameron insisted on Thursday he was not turning his back on Europe as the global elite at the annual Davos meeting gave his referendum plans a frosty reception.
Falklands make £8m transfer to “Oil Development Reserve”, future sovereign wealth fund
The government of the Falkland Islands has made a transfer of over 8 million pounds (£ 8.274 million) to the new Oil Development Reserve, a first step towards a ‘Sovereign Wealth Fund’ based on the Norwegian model it was explained at this week’s meeting of the Standing Finance Committee.
Gibraltar Chief Minister Picardo met President Obama during his inauguration
Gibraltar Chief Minister Fabian Picardo had the opportunity to meet the President of the United States Barrack Obama during his five-day visit to Washington, No 6 said on Wednesday.
Germany, France and nine other EU countries approved tax on financial transactions
France, Germany and nine other European Union states side-stepped British opposition this week and won approval for a tax on financial transactions, it emerged on Wednesday.
