Oil Companies’ Uncertain Return to Mexico
Mexico welcomed international oil companies back into its borders for the first time in 77 years, today, with the announcement of winning bids for rights to explore 14 shallow-water oil blocks in the Gulf of Mexico. Though just two of the available blocks garnered successful bids, the auction was an early step in what will be … Read more
Paraguay’s Surprisingly Powerful Voice in Climate Negotiations
When Paraguay joined ranks with a group of fellow Latin American countries at the United Nations climate talks this month, the media scarcely noticed. After all, its coverage of the UN’s ongoing negotiations to deal with global warming tend to focus on more “dramatic” developments—spats between major powers and the glacial pace of negotiations. It’s … Read more
Rousseff Signs Investment Agreements with Peña Nieto
Brazilian President Dilma Rousseff met Tuesday with Mexican President Enrique Peña Nieto in Mexico City to foster a closer relationship between the two largest markets in Latin America and the Caribbean. This event was Rousseff’s first official visit to Mexico since she first became president in 2011. Rousseff kicked off her official visit to Mexico … Read more
Mexico and Canada Threaten U.S. with Sanctions over Meat-Labeling Rule
Mexico and Canada won a final appeal from the World Trade Organization (WTO) yesterday, when the trade body upheld an early decision that found that U.S. country-of-origin labeling (COOL) requirements for meat products violated international trade law. Both countries have warned that they may pursue punitive measures against U.S. exports unless the requirement, which was … Read more
Monday Memo: Castro visits Pope—Chilean Cabinet—Colombian Coca—Guatemalan Corruption—Central American Geothermal
This week’s likely news stories: Raúl Castro has an audience with the Pope; Michelle Bachelet shakes up her Cabinet; Colombia bans coca spraying; a Guatemalan judge is linked to a corruption scandal; Germany will invest in Central American geothermal projects. Cuban President Meets with the Pope: Cuban President Raúl Castro met with Pope Francis this … Read more
Mexico and the United States: Crude Oil Swap?
On April 24, a bipartisan group of five U.S. congressmen, led by Chairman of the House Homeland Security Committee Michael McCaul (R-TX), submitted a letter to President Barack Obama urging the president to exempt Mexico from U.S. crude oil export restrictions. This House letter follows the February bipartisan letter from 21 U.S. senators to U.S. … Read more
Government Clashes with Guatemalan Indigenous Leaders Over Radio Station
The murder of Indigenous activist Pascual Pablo Francisco, whose body showed signs of torture when he was found dead on March 27 in the northern department of Huehuetenango, is the latest episode in a long-standing conflict between the Guatemalan government and the Mayan Q’anjob’al community over the construction of a hydroelectric dam on the K’anbalam … Read more
Monday Memo: Brazil Protests—Colombian Generals Investigation—Obama-Castro Meeting—Puerto Rico Debt—Chilean Mining
This week’s likely top stories: Brazilians demonstrate against corruption; Colombian generals investigated; Obama and Castro hold meeting; Puerto Rico seeks debt help; Chilean communities fight mining companies over water. Hundreds of Thousands Protest Corruption in Brazil: Hundreds of thousands of Brazilians took to the streets on Sunday to protest government corruption. Estimates of participants vary, but police say … Read more
Monday Memo: Summit of the Americas—Venezuela–U.S. relations—Citibank Inspection—Bolivian Missile Trial—Canada-Venezuela Oil
This week’s likely top stories: The Summit of the Americas commences in Panama; petition criticizes U.S. action against Venezuela; Argentine Central Bank inspects Citibank; TSJ initiates missiles trial in Bolivia; Canada and Venezuela discuss investment in Venezuelan oil. Americas Summit Begins This Week in Panama: The seventh Summit of the Americas will take place this … Read more
Monday Memo: Peru Spying Allegations—Argentine Debt—Costa Rican Energy—Venezuelan Opposition—Mexican Missing Students Case
This week’s likely top stories: Intelligence chiefs to be replaced in Peru; Citigroup is permitted to process Argentine debt payment; Costa Rica sets global clean energy record; former Spanish PM to defend Venezuelan opposition leaders; Ayotzinapa victims’ families visit Amnesty International. Peruvian Intelligence Chiefs Fired amid Spying Allegations: The Peruvian Presidency of the Council of … Read more
Monday Memo: Venezuela Enabling Law—U.S.-Cuba Talks—Mass Protests in Brazil—Hydroelectric Projects in Bolivia—Public Wi-Fi in Cuba
This week’s likely top stories: Opposition alarmed by President Maduro’s power of decree; U.S. and Cuba continue talks; Brazilian citizens protest corruption; Bolivia and Brazil to sign energy agreement; Cuba allows first public wi-fi center. President Maduro Given Power to Rule by Decree: Venezuelan President Nicolás Maduro was given the power to rule by decree … Read more
The Price of Oil’s Impact in Latin America and the Caribbean
In June 2014, West Texas Intermediate, a benchmark crude oil grade, sold at $106 dollars per barrel. In early December, the price closed at $65 dollars per barrel, and is currently trading at just over $50 dollars per barrel. This precipitous decline has had an adverse effect on oil producers in Latin America—in particular, countries … Read more
Stay on the Korean Wave, Latin America
The perception Korea once held of Latin America—of lazy workers and inefficient governments—has drastically changed today. From an entire floor dedicated to South Korean music, cuisine and clothes at a mall in Peru, to the first Korean Cultural Center in Argentina, to the United States Ambassador to Costa Rica singing and dancing to Psy’s Gangnam … Read more
Monday Memo: Peru-Chile Relations—Panama Hydroelectric Dam—Guatemala-Honduras Customs—São Paulo Drought—Venezuela Conspiracy Charges
Allegations of Espionage Threaten Peru-Chile Relations: Chilean Minister of Foreign Affairs Heraldo Muñoz announced on Sunday that Chilean Ambassador Roberto Ibarra would not return to his post in Peru in light of the country’s espionage complaints against Chile. On Friday, Peruvian Ambassador Francisco Rojas Samanez was recalled to Lima after Peruvian prosecutors claimed that several Peruvian … Read more
Pemex Suspends Deep Water Projects
Emilio Lozoya, the CEO of Petróleos Mexicanos (Mexican Petroleums—Pemex), announced Wednesday that some of the company’s deep water exploration projects would be put on hold due to the declining prices of crude oil. In addition to scaling back on research projects, Lozoya said that job cuts would also be part of a spending cut of … Read more
