Economy

• Friday, November 4th 2022 - 18:50 UTC

  Lula intent in amending the Mercosur/EU trade agreement: EU pleased with its current wording

  

  The first clash of the Brazilian president-elect with the European Union occurred, given Luiz Inácio Lula da Silva's anticipated intention to introduce modifications to the Mercosur/EU trade agreement, discussed for two decades.

• Friday, November 4th 2022 - 10:32 UTC

  Boric launches bill to change Chile's pension system

  

  Chilean President Gabriel Boric Font has submitted before Congress a bill to end the pension fund administrators system created under dictator Augusto Pinochet.

• Friday, November 4th 2022 - 10:22 UTC

  Venezuela announces return to Andean Community of Nations

  

  Venezuelan President Nicolás Maduro Thursday announced his administration's plan to rejoin the Andean Community of Nations (CAN), a subject he had discussed earlier this week with his Colombian colleague Gustavo Petro.

• Friday, November 4th 2022 - 10:15 UTC

  Argentine carmakers report inter-annual progress

  

  Despite the lack of auto parts and other foreign inputs due to government restrictions aimed at keeping US dollars within the Central Bank's reserves, Argentina's carmaking industry grew 27.8% year-on-year in October, it was reported in Buenos Aires.

• Thursday, November 3rd 2022 - 20:37 UTC

  Argentina's timber industry risks closure due to lack of foreign inputs

  

  The Argentine Chamber of the Wood Industry (CAIMA) has warned that local producers may soon be forced to halt all activity due to the lack of imported inputs stemming from the restrictions imposed by President Alberto Fernández's administration on purchases abroad.

• Thursday, November 3rd 2022 - 10:16 UTC

  Peru's post-pandemic economic recovery faster than that elsewhere

  

  Peru quickly bounced back from the COVID-19 pandemic, even if compared with other countries in the region and the world, according to reports released Wednesday in Lima.

• Wednesday, November 2nd 2022 - 20:23 UTC

  Brazil's Economy Ministry reports foreign trade surplus in October

  

  After Sunday's elections and the nationwide protests by supporters of President Jair Bolsonaro who refuse to admit former leader Luiz Inácio Lula da Silva will be once again head of state on Jan. 1, the Economy Ministry released this week a report showing the country had recorded a trade surplus of US$ 3.921 billion in October alone.

• Wednesday, November 2nd 2022 - 10:45 UTC

  Lula and Biden share common views during phone call

  

  US President Joseph Biden and Brazil's President-elect Luiz Inácio Lula Da Silva held a telephone conversation during which they concurred on several issues, it was reported.

• Wednesday, November 2nd 2022 - 10:11 UTC

  Maersk and MSC accused in Brazil of abusing their dominating position in the container business

  

  The Brazilian Association of Port Terminals (ABTP) – a group representing 73 port companies across 235 terminals in Brazil – filed a legal request at Brazil’s Administrative Economic Defense Council (CADE) to investigate Maersk and MSC’s impact on the port market. ABTP accuses the two companies of abusing their domination in the maritime transport of containers business to favor their own terminals, raising costs and reducing options for the flow of cargo in Brazil.

• Wednesday, November 2nd 2022 - 10:03 UTC

  Uruguayan exports fall for the 2nd month in a row

  

  Uruguayan exports in the month of October 2022 totaled US$ 842 million, which represented a 6% year-on-year drop, it was reported Tuesday in Montevideo.