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Paraguay assumes Mercosur presidency

In July 17th the Paraguayan president, Horacio Cartes, assumed the rotating role of presidency of the Mercado Común del Sur (Mercosur, the Southern Cone customs union) at the trade bloc’s 48th summit in the Brazilian capital, Brasília. Analysis Mr Cartes received the post from the Brazilian president, Dilma Rousseff, who had occupied the role for…

Retail eCommerce sales near USD $ 50 Billion in Latin America

Retail eCommerce sales in Latin America are growing at a rapid pace, according to eMarketer estimates. Based on the latest figures for total and digital retail around the world, eCommerce sales in the region will reach nearly USD$50 billion this year, an increase of 23.9%. Nearly USD $20 billion in sales will come from Brazil alone, where…

Analysis: Foreign Direct Investment in Chile – On the OECD path

In response to the changes underway in Chile, and the subsequent need for improved tools and skills for attracting foreign capital, on 16 June President Michelle Bachelet enacted the new Framework Act for Foreign Direct Investment, thereby replacing the previous legal instrument, Decree Law 600, dating from 1974. Chile is an attractive…

5 reasons why Latin America could be the next big thing in IT outsourcing

Fiscal policies and market barriers have long deterred outsourcing buyers and providers from investing in Latin America. But creative sourcing solutions and a shift in corporate culture are helping to change that. The economic opportunities in the region are on the rise. A friend recently told me an old joke about Latin America…

The enviable cosmopolitan lifestyle of Buenos Aires City wins over

image of Vida cosmopolita en Buenos Aires
You may see them in Paris, London, New York, Milan or any other metropolis. Forever comparing with a mythical South American capital, they gesticulate in a strangely accented Spanish: “we have (do/get) that in Buenos Aires!” They are the porteños (port dwellers) and you can´t call them boisterous: Buenos Aires is all those cities, and then some.…

Argentina’s middle class has doubled in ten years

Argentina is the Latin American country where the Argentina’s middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States. The study shows progress in the region has slowed down since 2010 as a result of the fall in economic growth and export prices. Some countries,…

IS ARGENTINE FARMLAND A BUY ?

Argentine farmland prices dropped to below 2010 prices in 2015 according to Argentine Chamber of Rural Real Estate  (CAIR). For farmers the current populist government lead by Christine Kirchner and now potentially lead by her dauphin Daniel Scioli has been an unmitigated disaster of historic proportions not only for the middle class but for those effected by the increased…

Uruguay will be seat of the 2016 World Meat Congress

URUGUAY 2016 World Meat Congress Clean green pastures, pure air, pristine water and red sunsets   Free range Grass fed No hormones used Less cholesterol 100% traceability Safe, healthy, delicious High contents of Omega-3 and antioxidants For centuries, farmers have applied careful animal welfare and husbandry practices when raising cattle…

Argentinian community of bitter South Africian Boers dwindles

Argentinian community of bitter South Africian Boers dwindles ONCE they lived here in their thousands, but now only a handful of Afrikaans-speaking “Boers” remain in the windswept Patagonian coastal town of Comodoro Rivadavia and its hinterland. Between 1903 and 1909 up to 800 Boer families trekked by ship to this lonely spot on…

Explaining Chiles Land Title System

Explaining Chiles Land Title System A Real Estate Title search in Chile goes way beyond just tracking the ownership history of a property. There are many more issues that need to be checked in the numerous public records available in the Chilean legal system, and there are many other title issues that come from just common sense experience of the problems in…

Investor Douglas Tompkins is Creating a Future Patagonian National Park

Douglas Tompkins—the founder of Esprit and The North Face—is using his fortune to build massive national parks in Chile and Argentina. But what he sees as philanthropy, local ranchers see as meddling. Everyone in Patagonia is talking about: Conservación Patagonica, the latest addition to the world’s largest private conservation…

The search for vegetable proteins

All the world’s inhabitants are eating increasing amounts of animal proteins, including meat. Animals need vegetable proteins in their feed in order to produce that meat. Can the supply of proteins for animal feed keep up with demand in the next ten years? Clara van der Elst, analyst at Rabobank Food & Agribusiness Research, has been studying this essential…

Hazelnut Production in Chile

Chile is the largest hazelnut producer in the Southern Hemisphere. Hazelnut cultivation covers about 13,000 ha between the region of Maule, central zone (Talca, Linares, Chillan) and the south zone of the country including the regions Araucanía, Los Ríos and Los Lagos (Temuco, Valdivia and Puerto Varas with an additional 800-1000 ha being added yearly) . Historically…

What’s Driving Bolivia’s Booming Economy

What’s Driving Bolivia’s Booming Economy To the surprise of many, Bolivia is now Latin America’s fastest growing economy. At a 5 percent growth rate it now outstrips once dominant but now stagnating regional competitors like Brazil and Peru. Furthermore Bolivia boasts some very impressive macrofundametals: its level of international reserves are the…

Taxes and Uruguay

Doing business in Uruguay Uruguay is an independent republic since 1825, situated in South America between Brazil and Argentina. In the course of the past twenty years, Uruguay has been making its mark as a growing and authentic international financial centre. Uruguay is characterised by solid banking provisions, political stability, excellent communications, a pleasant climate…