Politics, Business & Culture in the Americas
 

Argentina Struggles with Soaring Inflation

As surging inflation takes a toll on Argentine consumers, the Argentine government affirmed on Tuesday that it would levy fines against supermarkets who fail to respect voluntary price controls that many stores and wholesalers agreed to in December. On Tuesday, Chief of Cabinet Jorge Capitanich said that the details of the new sanctions would be … Read more

 

USTR Head Announces Enviro Trade Negotiations in Davos

U.S. Trade Representative Mike Froman announced today in Davos that the United States would join others including China, Canada, the EU, and Japan to negotiate freer global trade in environmental goods.  An economic sector estimated at over $950 billion annually, the market for such products is already significant and it is only expected to grow.  … Read more

 

Argentina Adopts New Restrictions on Online Purchasing

The Argentine government adopted new legislation limiting online buying on Tuesday in an effort to defend domestic production. The resolution, adopted by Argentina’s tax agency, the Administración Federal de Ingresos Públicos , and published in the Boletín Oficial, restricts Argentines to two tax-free purchases of up to $25 on foreign-based websites per year, with a … Read more

 

Canada-EU Trade: Free Trade Fever Up North

Just recently, Canadian Prime Minister Stephen Harper came to Montreal’s Board of Trade to laud the benefits of the Canada-Europe Trade Agreement (CETA). Choosing Montreal was a recognition of the support provided by the city’s business leaders and the Québec government for the free trade accord. Sitting at the head table was a former Conservative … Read more

 

Cuba: Port Upgrades and Free-Trade Zones

When Latin American and Caribbean heads of state gather in Cuba in January 2014 for the Comunidad de Estados Latinoamericanos y Caribeños (Community of Latin American and Caribbean States— CELAC) summit, the agenda will include a side trip to Mariel Bay. There, Brazilian President Dilma Rousseff and Cuban President Raúl Castro will cut the ribbon … Read more

PolicyUpdate_EnergyInMexico

Policy Updates

A snapshot of policy trends and successes in the region.

 

Monday Memo: Supreme Court and Argentina – Michoacán Violence – Pope Names Cardinals – Nicaragua Canal – Venezuelan Bolivars

Likely top stories this week: the U.S. Supreme Court will look at Argentina’s debt case; Michoacán’s government asks for help; Pope Francis names Haitian, Brazilian, Nicaraguan and Chilean cardinals; President Ortega says that Nicaragua Canal construction will begin this year; Air Europa rejects Venezuelan customers’ bolivars. Argentina’s Bondholder Battle Goes to U.S. Supreme Court: The … Read more

 

Bailout for Puerto Rico? Not Likely.

All eyes were on Detroit earlier this month as Federal Judge Steven Rhodes ruled that the city could discharge public pensions, along with other debt, as it restructures under Chapter 9 bankruptcy.  While other cities look at the ruling as a viable—though unfortunate—solution for their financial woes, there is one especially troubled economy that will … Read more

 

Workers Strike at World Cup Site in Amazon

Three hundred construction workers went on strike in the Brazilian city of Manaus on Monday after a fellow worker, Marcleudo de Melo Ferreira, fell to his death on Saturday. The workers of the Arena Amazonia stadium have demanded better conditions, saying that the pressure to complete construction is affecting their safety. The Prosecutor’s Office has … Read more

 

Monday Memo: Michelle Bachelet – Gustavo Petro – USAID in Ecuador – FARC Ceasefire – Kidnappings in Mexico

Likely top stories this week: Former President Michelle Bachelet wins Chile’s presidential elections; Protesters rally in support of ousted Bogotá Mayor Gustavo Petro; USAID plans to pull out of Ecuador by September 2014; the FARC’s 30-day ceasefire goes into effect; a study finds that Mexico leads the world in kidnappings. Michelle Bachelet Wins Chilean Elections: … Read more

 

Opposition Grows Amidst TPP Negotiations

Bipartisan opposition grew to the proposed Trans-Pacific Partnership (TPP) treaty on Thursday as members of U.S. Congress who oppose the talks sent numerous letters to President Barack Obama and a secret 95-page draft chapter on intellectual property rights was published by WikiLeaks. TPP negotiations have included representatives from the United States, Canada, Australia, New Zealand, … Read more

 

Monday Memo: Brazil’s Economy – Argentine Debt – Tropical Storm Sonia – Honduran Police Abuses – Uruguayan Marijuana

Likely top stories this week: Brazil will reduce lending by 20 percent next year; Argentina wins a stay on its $1.33 billion payment; Tropical Storm Sonia Hits Mexico; Honduras’ police chief denies abuses; Brazilian delegation opposes Uruguayan marijuana legalization. Brazil to Reduce Lending Due to Budget Deficit: Brazilian Finance Minister Guido Mantega said Friday that … Read more

 

PRI Supports Tax Increase on Junk Food

Mexico’s ruling Partido Revolucionario Institucional (Institutional Revolutionary Party—PRI) announced its support on Wednesday for an opposition proposal to increase the 5 percent tax on junk food set out in President Enrique Peña Nieto’s fiscal reform plan. The tax would be applied to purchases of high-calorie foods including chocolates, sweets, puddings, potato chips and ice cream, … Read more

 

Cuba Announces End of Dual Currency System

Cuba approved a plan to gradually unify its dual monetary system, a statement carried by official newspaper Granma revealed yesterday. The measure is part of a set of reforms adopted by the Communist Party in 2011 aimed at introducing market mechanisms and decentralizing the Cuban economy. “(Unification) is imperative to guarantee the reestablishment of the … Read more

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