According to recently released industry data, Chile maintained its status as the world's second largest famed salmon-producer in 2007, although salmon production decreased by about three percent from 2006.
Port William outside of Stanley Harbour is proving a popular option with the Falkland Islands business community for a future deep-water port, however environmentalists are less enthusiastic.
Brazil is seeking to acquire military technology from France that could help it become the first country in Latin America to have a nuclear submarine, the Defense Ministry said on Monday.
The United Nations Economic Committee for Latinamerica and the Caribbean, Cepal and the Andean Promotion Corporation, CAF downgraded their prospects for the region's growth this year fearing the impact of a recession in United States.
Five Norwegian companies, presently unlicenced to trawl for krill in Antarctica, have had their requests to do so turned down by the Norwegian Directorare of Fisheries. The five companies locked out of said fishing are Andre VÃÂ¥gsholm, Henning Veibust, Norway Krill Company Ltd, Olympic/Stig Invest and the Fish Group of Norway.
Argentina's Patagonian hydrocarbons rich province of Chubut announced this week the discovery of new oil deposits that will help double the province's production, anticipated Governor Mario Das Neves.
Argentina fisheries exports dropped in volume and value in 2007 according to the latest release from the country's Nacional Food Safety and Quality Service (SENASA). Exports totaled 505.794 tons of fish and shellfish valued 1,027 billion US dollars which is 13% and 14% below 2006.
A South Georgia fishery has become the 50th fishery currently undergoing public full assessment under the Marine Stewardship Council (MSC) standard for sustainable and well-managed fisheries.
Chile's foreign direct investment in 2007 reached its highest level in the past 10 years, according to the Santiago Chamber of Commerce (CCS). Of 4.689 billion US dollars in Chilean capital invested outside Chile, 26%, or 1.236 billion dollars, ended up in Peru.
Venezuelan President Hugo Chavez claimed that United States and Colombia were plotting an incident that would spark a war with Venezuela. The charges, supported by alleged troop movements in the border area caused fear among the civilian population of the neighboring countries.