Economy

• Thursday, December 1st 2022 - 10:02 UTC

  UNCTAD forecasts economic slowdown in 2023 with dramatic drop of shipping activity

  

  The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U.N. agency UNCTAD said this week.

• Thursday, December 1st 2022 - 09:00 UTC

  Brazil exports remain concentrated in commodities and imports in industrial goods, WTO report

  

  Brazil’s integration into the global economy has grown in recent years, but exports are increasingly concentrated in commodities, and imports are dominated by industrial goods, according to the World Trade Organization (WTO) assessment of Brazilian trade policy.

• Wednesday, November 30th 2022 - 17:55 UTC

  Lacalle's bold diplomacy compromises future of Mercosur

  

  Mercosur is facing yet a new crisis stemming from Uruguayan President Luis Lacalle Pou's eagerness to join any foreign trade alliance no matter what.

• Wednesday, November 30th 2022 - 10:25 UTC

  No significant changes in Chile's unemployment rate

  

  Unemployment in Chile stood at 8.0 % in the August-October 2022 mobile quarter, according to a report from the National Statistics Institute (INE) released Tuesday, which represented no substantial changes from the previous three months.

• Wednesday, November 30th 2022 - 10:16 UTC

  Foreign investment in Latin America still below pre-pandemic levels

  

  Despite a 40.7% growth from 2021, Foreign Direct Investments (FDI) in Latin America continue to be below the levels recorded before the COVID-19 pandemic, according to a report released Tuesday in Santiago by the Economic Commission for Latin America and the Caribbean (ECLAC).

• Tuesday, November 29th 2022 - 10:41 UTC

  UK suspends tariffs on fruit juices, and Brazil celebrates the decision

  

  Brazilian orange juice shipments to the UK should benefit from the recent decision by the British government to suspend tariffs on concentrated and ready-to-drink juice imports from January first 2023 to 31 December 2024.

• Tuesday, November 29th 2022 - 10:29 UTC

  The 'golden era' of UK/China relations is over, as is the 'naive idea' that more trade could lead to political reform

  

  In a major foreign policy speech delivered at the Lord Mayor's Banquet in London, UK Prime Minister Rishi Sunak said the golden era of relations with China is over, and wishful thinking must be replaced with robust pragmatism.

• Tuesday, November 29th 2022 - 10:01 UTC

  Chile targets Brazil to promote and expand exports

  

  Chile is renewing its strategy to increase and diversify exports to the largest economy and market in South America. Spearheaded by ProChile, an arm of the country’s Ministry of Foreign Affairs, the plan is to expand its network in Brazil with new offices in Brasília and Belo Horizonte.

• Tuesday, November 29th 2022 - 09:59 UTC

  Exports of Chilean fruit hindered by truckers' strike

  

  A week-long general strike by Chilean lorry drivers is beginning to affect the country's foreign trade as goods fail to reach their ports of shipment. The fruit guild reported Monday that some 30 million kilos of exportable cherries had remained ashore due to the measure.

• Monday, November 28th 2022 - 21:49 UTC

  Caps on fuel prices announced to curb Argentina's inflation

  

  Argentina's Superminister of Economy, Industry and Agriculture Sergio Massa reached an agreement with oil companies whereby fuel joins the list of care-for prices. Hence, the price at pumps may not go up above a 4% monthly ceiling until March, it was announced in Buenos Aires.