Bolivian president Evo Morales is considering the purchase of naval vessels to operate from the port of Ilo on the South Pacific coast helping the country to develop for the first time in 130 years its maritime resources.
The Group of 20 (G20) nations reached in Korea a dramatic deal on Saturday as China, the United States agree to avoid “currency war” and to refrain from having too much trade surplus or deficit.
Uruguayan president Jose Mujica insisted that the best regulation for the media is no regulation, although admitting that many times he feels disappointed, when not furious with some of the articles published.
Latin America’s foot-wear industry are proposing a “united front” against what they describe as “disloyal trade practices” from China, as part of the Asian giant’s foreign trade policies.
For the first time in more than 130 years, the Bolivian Navy will have access to the Pacific Ocean, after the heads of state of Bolivia and Peru signed an agreement to grant Bolivia access to the sea near the Peruvian port of Ilo.
US proposals that countries set targets to reduce trade imbalances appeared to be running into opposition at the G20 meeting of leading economies. US Treasury Secretary Timothy Geithner wrote to G20 members on Friday suggesting limiting surpluses and deficits to a percentage of output.
Land purchases by foreign investors in poor countries and the growing use of bio-fuels are boosting pressures on agricultural farmland and helping make 500 million small farmers hungry, a U.N. envoy said this week.
Russian energy company Gazprom has plans to take a 20% stake in natural gas projects in Bolivia, the gas monopoly said. Gazprom said it could take the stake under the terms of a September deal with French energy company Total for the Ipati and Aquio gas blocks in Bolivia.
Argentina's industrial production surged in September boosted by domestic demand and strong export markets. Industrial production rose 9.7% in September from the year-ago month, and was up 1.2% from August, the national statistics agency Indec reported Friday.
Argentina and Brazil are negotiating an alliance with other South American producers of grains and oilseeds to deal jointly with buyers in Asia and elsewhere, according to Brazilian Agriculture Minister Wagner Rossi.