Economy

Thursday, September 9th 2021 - 09:24 UTC
Ecuador and IMF reach agreement for disbursement of frozen US$ 6bn funds

Ecuador and the International Monetary Fund, IMF, finally reached a technical agreement involving 6 billion US dollars, according to the country's economy minister Simon Cueva. The accord must still be approved by the IMF governing board but will unblock “international funds”, which have been frozen for months.
Thursday, September 9th 2021 - 08:50 UTC
British Pavilion in Expo Prado focuses on climate change; Falklands stand promotes trade and tourism

The British Embassy will be present at the Uruguayan Expo Prado 2021 for the eighth consecutive year with a pavilion focused on promoting different initiatives to help combat climate change. In November this year, the UK will host the United Nations Climate Change Conference, COP26, in Glasgow, Scotland.
Wednesday, September 8th 2021 - 09:55 UTC
Uruguay brokers one-on-one free trade deal with China hoping it will not affect Mercosur

Uruguay's President Luis Lacalle Pou Tuesday announced his country had begun negotiations with China to reach a Free Trade Agreement (FTA), which has been regarded as the beginning of the end of Mercosur.
Wednesday, September 8th 2021 - 08:52 UTC
Brazilian industry in bilateral trade talks with UK, wants to include Mercosur

The Brazilian National Confederation of Industry, CNI, has launched a Brazil/UK Task Group to explore and identify trade and investment opportunities in both countries, as part of the UK initiative to increase and open markets in the post-Brexit scenario.
Wednesday, September 8th 2021 - 08:18 UTC
Brazil's 'mad cow's care over; China willing to continue purchasing beef

The quick reply from the World Animal Health Organization, OIE, acknowledging that the two cases of 'mad cow' reported in Brazil were atypical and China's willingness to accept the diagnosis, according to the Brazilian Ministry of Agriculture should strongly mitigate the impact on beef exports to China and Hong Kong.
Monday, September 6th 2021 - 09:48 UTC
Macri, “in Argentina if your want to make money, you must avoid paying taxes”

Argentine former president Mauricio Macri in the midst of the campaign for next Sunday's political parties primary admitted during a television interview that “we are living in a country where if you want to make money, you must avoid taxes”
Monday, September 6th 2021 - 09:20 UTC
WTO resumes negotiations on fisheries subsidies; agreed text should be ready by December

World Trade Organization country members resumed this month fisheries subsidies negotiations following the August break and the chair of the rounds Ambassador Santiago Wills from Colombia said the objective was to produce a clean text on fisheries subsidy rules ahead of the 12th ministerial conference next December.
Monday, September 6th 2021 - 09:18 UTC
Bill affecting checks and balances between branches of government sparks controversy in Peru

A bill that seeks to curtail the discretionary power of heads of state to dissolve Parliament being able to dissolve Congress and call for new legislative elections has sparked controversy within Peruvian lawmakers.
Monday, September 6th 2021 - 07:00 UTC
Record order of containers to help relieve maritime traffic congestion

Hapag-Lloyd AG, the German international shipping and container transportation agency has announced it has ordered 75,000TEU containers, which will be manufactured in China and delivered within the fourth quarter of 2021.
Sunday, September 5th 2021 - 06:59 UTC
Cattle prices drop in Brazil as meat industry is idle waiting for tests from a suspected mad cow case

The suspicion of a possible mad cow case identified in the Brazilian state of Minas Gerais has further paralyzed activity in the country's abattoirs, and consequently the price of live cattle. A release from the Association of Brazilian abattoirs in the representation of the industry confirmed the situation.