United Kingdom and Uruguay have signed in London a Tax Information Exchange Agreement, TIEA. The Agreement will come into effect as soon as each government has completed the necessary procedures to give effect to it under its domestic laws.
Paraguay’s central bank increased the country’s growth estimate for 2013 from 13% to 13.6%, the highest for Latinamerica. Estimates have been on the increase since October last year, 9.5%; December, 10.5%; April 13% and now, 13.6% which compares to the 0.9% contraction of 2012, when drought and Foot and Mouth Disease hit Paraguay’s main export items, soybeans and beef.
The United Kingdom government set out its approach and policy on the Arctic in a paper released on Thursday and titled: Arctic Policy Framework - Adapting To Change: UK policy towards the Arctic.
US Congress has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risked default. The Democratic-controlled Senate's bipartisan compromise won approval by 81 votes to 18.
Paraguayan president Horacio Cartes vetoed the bill imposing a 10% tax on export of cereals and oilseeds in their natural state recently approved by a divided Congress, arguing it was “highly distortive and regressive”. The bill now returns to the legislative.
A visiting delegation from the Falkland Islands Chamber of Commerce heard on Monday from the Vice-Chairman of the Uruguay-British Chamber of Commerce, Guillermo Wild, that Uruguay offered unrivalled opportunities for trade and access to Latin American markets.
US hedge funds fighting Argentina for repayment on defaulted debt asked a US appeals court on Tuesday to lift its hold on a ruling that ordered Argentina to repay the holders.
The Argentine government official Consumer Prices Index climbed 0.8% in September over August and reached 7.4% in the first nine months of the year, according to the National Stats Institute, Indec.
In a formal presentation Argentina summoned Uruguay ‘to leave without effect’ its latest controversial decision allowing the Botnia/UPM pulp plant to increase its annual production and accused Uruguay of ‘unilateral violation’ of the River Uruguay statute which rules over the neighbouring countries shared-border waterway.
China, a major driver of the global economy, is coming off its worst annual economic performance since 1999 after GDP managed an expansion of just 7.7% last year. Authorities, however, say weaker growth is in line with their desire to shift the country's economic growth model toward what they see as slower and more sustainable private-led demand rather than previously popular credit-fuelled state-driven investment projects.