
Chile’s King Crab season has officially kicked off for this year. The southern king crab is a delicacy in Chile, as 90% of each year’s catch is shipped to markets in Europe, North America and Asia. In Santiago, fresh king crab starts at about 25 US dollars per pound.

The Chilean government’s interest in creating a law to encourage the repatriation of funds from abroad received approval by a number of tax experts this past week, reported local media. The proposal, which was first mentioned publicly, last week would allow money earned outside the country to enter Chile, but at a lower tax rate.

The Chilean national CASEN Survey revealed last week that even though poverty in the capital Santiago is below the national poverty rate of 15.1%, the city’s poverty levels grew from 10.6 to 11.5% in the last three years.

Ecuadorean President Rafael Correa announced Wednesday he would be attending Colombian president-elect Juan Manuel Santos taking-office ceremony next August 7, according to a report from the government news agency ‘Andes’.

Venezuela should close a recently created office that grants President Hugo Chávez administration broad powers to limit public debate, Human Rights Watch said Wednesday in a release. The government should also stop seeking to discredit human rights defenders and prosecuting critics.

Former president of Chile Michelle Bachelet has joined the Inter-American Dialogue’s Board of Directors to serve as its Latin American Co-Chair.

Latin America and the Caribbean is consolidating its recovery from the global economic slowdown, posting higher-than-expected growth in recent months. Although some countries in the region face serious pitfalls, according to a new United Nations report, Mercosur stands out as driving the revival.

Hundreds of penguins have been washed up dead on the beaches of Brazil southern state of Sao Paulo.

Peruvian Defence Minister Rafael Rey said this week that representatives from Chile and Peru would meet next Monday for the first time in an effort to establish common criteria for approving military expenditures. Rey also said he would meet with his Chilean counterpart, Jaime Ravinet, in Lima in August.

Chile’s flag air carrier Lan Airlines S.A. and its subsidiaries, one of the leading airlines in Latin America, announced Tuesday an agreement for the purchase of 50 modern Airbus A320 family aircraft to be delivered between 2012 and 2016.