Economy

Friday, December 2nd 2022 - 10:56 UTC
Paraguay rules out a Mercosur breakup and calls for consensus on decisions

Paraguayan Foreign Minister, Julio César Arriola, ruled out on Thursday a break up within the Southern Common Market (Mercosur) and ratified that his country supports that the decisions of that integration mechanism be adopted jointly and by consensus.
Thursday, December 1st 2022 - 10:55 UTC
Paraguayan President critical of Uruguay's plan to join other trade blocs

Paraguay's President Mario Abdo Benítez Wednesday said that Uruguay's negotiating trade deals outside Mercosur were detrimental to the South American bloc's “essence.”
Thursday, December 1st 2022 - 10:19 UTC
Milestone UK/Brazil Double Taxation Agreement

The United Kingdom and Brazil signed a Double Taxation Agreement (DTA) this week. The Agreement will provide relief from the double taxation of income in both countries and is the most significant development in the trade relationship between the United Kingdom and Brazil in many years and represents a concrete response to demands from business in both countries
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.