The Scottish Secretary David Mundell started a four-day trade mission to South America, where he will be meeting politicians and business leaders in Uruguay and Chile. Mr. Mundell will be promoting trade links on the visit undertaken on behalf of the UK Government’s Board of Trade, and will be looking into how UK can support new post-EU trade opportunities in South America, promoting Scotland as a great exporter and the UK being open for business.
Mark Menzies, the UK Prime Minister’s Trade Envoy to Peru, Chile, and Colombia, is in Lima this week with a delegation of 15 representatives of British government and businesses, including Arup, MACE, Clifford Chance, Crossrail, UK Export Finance, and the City of London. He will seek to identify new areas to boost UK-Peru trade and investment.
Venezuelan president Nicolas Maduro replied to Donald Trump's UN speech saying his comments were an apology for America’s history of colonialism in the region and offered words of support for the sanctioned officials who joined him during an event broadcast over state television.
A delegation of over 500 investors and businesspersons, as well as officials from the Chilean government, participated on 6 to 7 September in the 13th version of ChileDay. This 2 day event held in London at the Foreign and Commonwealth Office promoted the Chilean financial market to a UK audience.
Argentina’s peso strengthened for the third straight day on Friday, driven by optimism that the government would sign a revised financing deal with the International Monetary Fund to include stricter fiscal measures and faster cash disbursements.
The Argentine stock market is booming and on Thursday confirmed its seventh day running increase as investors are flocking encouraged by an imminent accord between the president Mauricio Macri administration and the IMF for a new loan package including reforms and a balanced budget in the next 18/24 months.
Peru’s opposition-run Congress renewed its confidence in the cabinet of President Martin Vizcarra on Wednesday, averting a political crisis that could have forced new legislative elections.
Brazil’s far-right presidential candidate Jair Bolsonaro, in intensive care after being stabbed at a campaign rally, kept his first-round lead in an election opinion poll on Friday, but a leftist rival from the Workers Party (PT) made solid gains.
Venezuelan President Nicolas Maduro is travelling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.
The State Department announced last week that it would temporarily recall U.S. ambassadors to the Dominican Republic, El Salvador and Panama for consultations in Washington. The meetings will focus on recent decisions by Latin American countries to no longer recognize Taiwan and ways the U.S. can support strong. independent, democratic institutions and economies throughout Central America and the Caribbean