Due to the falling U.S. dollar and the current crisis in Japan stemming from last week’s devastating earthquake and tsunami, Chilean exports may be hit hard with losses this year, despite government assurances to the contrary.
Argentina’s economy grew 9.2% during the last quarter of 2010 compared to the same period in 2009, according to an official report from the government’s statistics office, Indec. The country’s GDP also increased 2.5% compared to the previous trimester and totalling 9.2% growth during 2010.
Recovering 250 cruise vessel calls a year, --as in 2006 and 2008--, is the Chilean government target with the bill it has sent to Congress which would authorize Chilean and foreign flagged vessels to operate their on board casinos while sailing in territorial waters, currently specifically banned.
Brazil stands on the brink of becoming an agricultural superpower and is one of the few countries in the world with the climate, technology, farming practices and the sheer quantity of land to be able to satisfy the surging global appetite for food in the coming decades.
Argentina has again selected Arianespace for its commercial launch services - this time to orbit the Argentine satellite operator's second satellite, Arsat-2.
South America’s largest and most modern cruise terminal, Quinquela Martin, developed and operated by global port operator DP World Dubai Ports), was inaugurated this week by the President of Argentina, Cristina Fernández de Kirchner , together with Sultan Ahmed bin Sulayem, Chairman, DP World.
The fourth round of European Union/Mercosur negotiations for a trade agreement concluded in Brussels Friday with no major advances which could be a setback for the original plan to have a deal sealed by the end of the year.
The Argentine congress ratified this week the free trade agreement between Mercosur and Israel. The accord subscribed in 2007 and already passed by the Senate, was approved in the Lower House by 144 votes, 8 nays and 10 abstentions.
A total of 9.1 million families plan to buy real estate in Brazil over the next 12 months which is a huge increase since the Minha Casa Minha Vida (My House, My Life) program was introduced in 2009
The Brazilian government is tightening a law that restricts the amount of land foreigners can buy. The decree prohibits non-Brazilians from buying controlling shares of companies that own vast tracts of territory in the country, Brazilian Attorney General Luiz Inacio Adams said in a statement this week.