Latin America Could Turn to Russia, China in Wake of Trade Split With US

The governments of some Latin American countries have signaled that they are ready to “break their dependence” on the United States; Russia and China could play a key role in the region, Venezuelan political analyst Ernesto Wong told Sputnik Mundo. In an interview with Sputnik Mundo, Venezuelan political analyst Ernesto Wong said that in Latin America,Continue reading “Latin America Could Turn to Russia, China in Wake of Trade Split With US”

Uruguay and Chile, least corrupt countries in LAC region says Transparency International

In Latin America, Uruguay leads with a ranking of 21, followed by The Bahamas and Chile both in 24th place, and Venezuela figures at the bottom. Over two-thirds of the 176 countries and territories in this year’s Corruption Perceptions Index fall below the midpoint of a scale spanning 0 (highly corrupt) to 100 (very clean),Continue reading “Uruguay and Chile, least corrupt countries in LAC region says Transparency International”

Renewable Energy, a Rising Tide

Leading the surge is China, which already has a huge advantage in its current position at the front of the pack. China has not only vastly expanded its domestic investment in renewable energy, it is plowing record sums into renewables markets overseas. As our report noted, China put $32 billion into foreign renewables projects in 2016Continue reading “Renewable Energy, a Rising Tide”

China Seizes Opportunities in Latin America

China has big plans for Latin America—plans that seem to reflect China itself: massive and ambitious. There are plans for a $10 billion, 3,300-mile-long transcontinental railroad snaking through the jungles of the Amazon river basin and over the highest mountain range in Latin America, linking the Atlantic shore to the Pacific. There’s talk of aContinue reading “China Seizes Opportunities in Latin America”

Mexico’s International Trade Agenda for 2017

International events such as “Brexit,” the United States’ potential withdrawal from the Trans Pacific Partnership Agreement (TPP) or the possibility of renegotiating the North American Free Trade Agreement (NAFTA) are all extremely relevant for Mexico’s economy – which has the fourth-largest gross domestic product (GDP) in the Americas and the 15th-largest GDP in the world.Continue reading “Mexico’s International Trade Agenda for 2017”

Meet Canada’s new International Trade Minister

François-Phillippe Champagne, a lawyer who’s worked for a string of major multinationals, Champagne knows the world of global trade—but says Canadians must reap the benefits at home. Arguably the biggest promotion in today’s federal cabinet shuffle goes to François-Philippe Champagne, who vaults from parliamentary secretary to Finance Minister Bill Morneau, a supporting role just outside cabinet,Continue reading “Meet Canada’s new International Trade Minister”

Non-Tariff Barriers Can Connect Trade to Sustainable Development

In the landscape of the 2030 Agenda for Sustainable Development, trade is a means of implementation towards the Sustainable Development Goals (SDGs). The Addis Ababa Action Agenda (AAAA) on financing for development further specifies the role of trade as “an engine for inclusive growth and poverty reduction, and contributes to the promotion of sustainable development.”Continue reading “Non-Tariff Barriers Can Connect Trade to Sustainable Development”

India Looks to Boost Access to Latin America, Eyes $100 bn in Trade

In a bid to ease hurdles and open up access to new frontiers, the government aims to enhance connectivity with Latin American (LatAm) countries — a move which will ease the long-standing demand of various nations. Trade volume could easily go up to $100 billion. Sources in the government told FE, “At the recently concludedContinue reading “India Looks to Boost Access to Latin America, Eyes $100 bn in Trade”

Brazil Sets Record Trade Surplus of $48 Billion

Brazil’s trade surplus soared to a record U.S. 47.69 billion, the country’s trade ministry’s statistics revealed on Monday. Amid political turmoil, a recession and a weaker real, exports boomed as imports were slashed in 2016. The previous record of $46.45 billion was in 2006, Reuters reported. Brazil’s new record was more than double 2015’s tradeContinue reading “Brazil Sets Record Trade Surplus of $48 Billion”

IDB Approved Billions for Caribbean Projects in 2016

The Inter-American Development Bank (IDB) says it had provided US$11.7 billion for various projects in Latin America and the Caribbean in 2016. The Washington-based financial institution said funds were also provided by its subsidiary Inter-American Investment Corporation (IIC). “Between the IDB and the IIC, disbursements exceeded US$9.6 billion during the year, confirming the IDB Group’sContinue reading “IDB Approved Billions for Caribbean Projects in 2016”