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Hass Avocado exports up 12,000 % over 14 years

According to Sierra Exportadora, the value of Peruvian Hass Avocado exports has increased by 12,000% over the past 14 years, from $2,480,000 dollars in the year 2000 to $305,533,000 dollars in 2014. The Chief Executive of Sierra Exportadora, Alfonso Velasquez Tuesta, said Peru had to take advantage of the agro-ecological characteristics of the inter-Andean valleys in the country, which would allow them to harvest avocados between the months of November and March, thus giving them the ability to cover the lower…

Pensions Funds See Growth in Farm Investments

Farmland is attracting growing interest from Pensions Funds, hedge funds and even mom-and-pop investors as they seek to diversify assets and capitalise on an agriculture industry slump that has pushed down land prices in some regions. Financial services giant TIAA-CREF said Tuesday it has raised $3 billion for its second global farmland investment partnership, exceeding its initial target of $2.5 billion. The fund, which will invest in North and South America and Australia, has lined up commitments from institutional…

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 the previous six-month period. This development is particularly important for Paraguay, as it marks the first time that the country has held the position…

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 eCommerce also makes up a greater share of the total retail market than elsewhere in the region (a still tiny 2.8%). Mexico is in a distant second, with USD $5.70 billion…

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 country for investors, as shown by the growth in Foreign Direct Investment (FDI) over the last ten years. During this period, FDI has risen from US$7.2 billion in 2004 to more…

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 in the context of outsourcing: “Latin America is the next frontier in outsourcing and it always will be. I have long promoted Latin America as an immense outsourcing opportunity, on…