
Iran's trade with Argentina grew last year while trade with Brazil declined, according to an analysis by online business publication Latinvex based on data from the IMF. Iran's total trade with Latin America grew by 0.9% to 4 billion dollars in 2012. Brazil and Argentina still dominate Iran's trade with Latin America, accounting for 93% of the region's total trade with the Persian country.

YPF Chief Executive Officer Miguel Galuccio said Argentina’s nationalized energy company is willing to form a partnership with Mexico’s state-run Petroleos Mexicanos to develop shale oil and natural gas deposits in the Vaca Muerta formation.

Mexico was selected to be the official host country for World Tourism Day (WTD) 2014 and Burkina Faso for WTD 2015. The respective themes will be “Tourism and Community Development” for 2014, and “One billion tourists, one billion opportunities” for 2015

Mexican President Enrique Peña Nieto is making the most daring gamble of his 8-month-old presidency with a proposal to lift a 75 year-old ban on private companies investing in the state-run oil industry, a cornerstone of Mexico’s national pride that’s seen production plummet in recent decades.

Mexican President Enrique Peña Nieto has announced a sweeping energy reform, which is expected to include constitutional changes to lure private investment and boost output, will be presented to Congress next week

Paraguay and Mexico have made significant advances in reaching a trade agreement in the framework of the Latinamerican Integration Association, ALADI, according to Paraguayan diplomatic sources.

Poverty in Mexico, including extreme cases, decreased slightly between 2010 and 2012, reported the National Council for Evaluation of Social Development Policy. Official stats show that poverty in Mexico, Latam’ second largest economy went from 46.1% of the population in 2010 to 45.5% in 2012, while extreme poverty fell from 11.3% to 9.8%.

Paraguay is ready to return to Mercosur as long as there is respect the country’s dignity, but at the same time will look for other trade and cooperation opportunities with Mexico, United States and the Pacific Alliance, said the Paraguayan ambassador in Washington.

Technical groups from Paraguay and Mexico advanced on Wednesday talks for the creation of an Economic complementation Accord in the framework of the Latam Integration Association, ALADI, which is considered the “step previous to a full free trade treaty”, reported from Asuncion Paraguay’s foreign ministry.

Leaving behind an atmosphere of mistrust, China and Mexico agreed this week to upgrade bilateral ties to comprehensive strategic partnership, and thus opening broad prospects for economic and trade cooperation between the two countries.