Mercosur and the Pacific Alliance explored this week in Chile the possibilities of a gradual, and flexible, integration but left aside all possibility of a near future agreement on tariffs.
The Pacific Alliance (PA) and the Common Market of the South (Mercosur) combined represent more than 80% of regional foreign trade as well as population, and more than 90% of GDP and direct foreign investment flows, according to a new report by the Economic Commission for Latin America and the Caribbean (ECLAC).
The two Falkland Islands youth teams competing in a football tournament in Punta Arenas, Chile have managed two excellent wins and also scored goals in almost every match they played proud coach Wayne Clement told Penguin News this week.
Magallanes region in the extreme south of Chile, was the most dynamic of the country's economy during the third quarter of the year according to the latest release from the local stats office, INE. This contrasts with the rest of the fourteen regions of the country of which six, reported negative growth.
Chile's economy grew 0.8% in the third quarter compared with the same period in 2013, the worst performance in five years, the Central Bank reported Tuesday. The bank also announced that the basic rate will remain unchanged at 3%.
An estimated 60.000 visitors will be landing in Punta Arenas, extreme south of Chile during this 2014/2015 cruise season, according to the manager of the Austral Ports Company, Ignacio Covacevich Fugellie. This includes 54.000 from international vessels and another 6.500 of Chilean flagged cruises on domestic tours.
Fourteen young footballers from the Falkland Islands will fly to Punta Arenas, Chile with their coaches on Saturday to take part in the Unifying Continents at the South of the World Cup.The Falklands is entering two teams in the tournament that also includes teams Colegio Aleman, Colegio Cruz del Sur, Colegio Britanico, Leumag, and two teams from Club Deportivo Victoria.
The official 2014/2015 cruise season was recently launched in Chile with the announcement that in the November/April period an estimated 200.000 passengers with 168 vessels calling, will be visiting the country. However in an interesting twist for the industry, Chileans admit that together with the cruise companies they are intent in concentrating efforts in what is called 'repeaters'.
In Chile the summer 'high season' is traditionally January and February when most families chose to take their annual holidays and March the month when things 'return to normal', mostly because children return to school.
British and German Embassies in Santiago organized a commemoration event to mark the 100 years of the Battle of Coronel, off the coast of Chile. A hundred years ago November first 1914, one of the first Naval battles of the First World War between the Royal Navy and the German Navy took place 50 miles off the coast of Coronel.