The specialized publication Oil World raised its forecast for the world 2009/2010 soy beans crop in 47.6 million tons compared to the previous season, totalling 258.9 million tons. The upward estimate is boosted by the South American crop which will be 37 million tons larger than the 134 million tons of the 2008/09 harvest.
Prime Minister Recep Tayyip Erdogan from G-20 member Turkey will pay formal visits to Brazil, Argentina and Chile at the end of May. Turkey and Brazil have increasing closer links and earlier this week brokered a deal with Iran regarding Teheran’s controversial nuclear fuel production capacity.
Old wounds were reopened between Chile and Argentina this week: a long-time border dispute in the nations’ southern Patagonia regions.
The European Union on Wednesday signed trade agreements with Central America, Peru and Colombia, while some Latin American leaders criticized such deals as only favouring rich countries.
Petrobras, Brazil’s government managed oil and gas corporation rates as the Latinamerican corporation with the largest volume of sales, according to consultants Economática. The top ranked include six Brazilian companies, three Mexican and one from Colombia.
The United States government is currently looking at the possibility of extending the “Visa Waiver” program to include citizens of Chile, Argentina and Brazil, Rodger Dow, President of the U.S. travel association, announced recently.
New Delhi is encouraging Indians to buy farmland in Latin American countries and grow crops to help reinforce food security, reports the Hindustan Times. The Indian Foreign Office is working on a policy framework to promote such an initiative with the purpose of shipping the produce back, thus addressing difficult years of drought.
The European Union-Latin America-Caribbean leaders’ summit wrapped up on Tuesday in Madrid with unanimous agreement about the need to develop new instruments of global governance for a multi-polar world and a commitment “to reject any form of protectionism”.
Central American countries and the European Union (EU) reached on Tuesday an agreement on the first ever free trade deal between the two regions, they announced in a joint statement.
Chilean president Sebastián Piñera said that the results of the VI European Union/Latam-Caribbean leaders’ summit in Madrid which closed Tuesday was “insufficient” since adequate solutions for present-day problems faced by the regions were lacking.