EXCLUSIVE India: a growing partner for Latin America
The increase follows years of efforts by leaders on both sides to improve commercial relations
India registered the largest year over year improvement in bilateral trade with Latin America. Bilateral trade with the subcontinent grew 46.7 percent in 2012 to $39.7 billion, bringing the country in at number nine of the region’s top 15 trading partners. These are statistics from Latin America's Top Trade Partners, by Latin Business Chronicle.
Chile, Argentina and Brazil lead region in telecoms investments
Colombia is expected to show great growth in the sector this year
Chile is the Latin American country with the highest rate of investment in the telecom sector, according to a report of Ovum and Ahciet's observatory. Chile spent $69 per capita, followed by Brazil with $63 and Argentina with $59. Investment drops to $31 for Mexico, which occupies the fourth place in the ranking, Rapid TV News reports.
Canada's Baird to visit Latin America
Minister says region remains a priority
Canada's Foreign Affairs Minister John Baird began a two-week trip to Latin America on Sunday. Baird's office says he'll visit Nicaragua, Costa Rica, Colombia, Chile, Paraguay, Uruguay and Brazil to meet with foreign ministers and business leaders. The trip comes on the heels of questions about where Latin America ranks on the Canadian government's priority list, The Record reports.
Brazil asks International Monetary Fund to change debt calculation
Finance Minister Guido Mantega says method is distorted
Brazil is requesting the International Monetary Fund change the way it calculates the government's debt, a move that would cause the country to look less indebted. According to the Fund, Brazil's gross government debt is the equivalent of about 68 percent of gross domestic product. The requested change would reduce that ratio to 58 percent, in line with government of figures, The Wall Street Journal
Mexico sees economy accelerating in second half of year
Forecast is maintained despite poor performance since 2012
Mexico’s government expects a “clear acceleration” of the economy in the second half and has no immediate plans to alter its forecast of 3.1 percent growth for this year, Finance Secretary Luis Videgaray said. The nation's economy expanded just 0.8 percent in the first quarter compared to same period of 2012, prompting the government to lower the country’s projected growth for 2013 from 3.5 percent to 3.1 percent, The Latin American Herald Tribune reports.
Peru's economy maintains 6 percent growth in second quarter Andina
Brazil's Embraer sees weakening demand for bigger business jets Reuters
Japan's Tokio Marine eyes more acquisitions in Mexico Euronews
Baja California is spearheading medical tourism in Mexico Mexidata
ReneSola to sell solar panels to South America's biggest project Businessweek