COLOMBIA ANNOUNCES THE PACIFIC ALLIANCE COMMERCIAL TRADE AGREEMENT FOR JUNE 2013

It was agreed that on 19 and 20 June 2013 will be the first business Macro meeting of the Pacific Alliance.

The Colombian government announced that for the first half of 2013 will be ready the trade agreement between the countries of the Pacific Alliance: Mexico, Colombia, Peru and Chile.

Foreign Trade Minister Sergio Diaz-Granados said that this was one of the decisions taken by the Working Groups and the High Level Group (HLG) of the Pacific Alliance, which met between 18 and 20 December in the Colombian city of Cali.

"Given the great strides that have been made at the negotiating table, we hope to have something solid in the middle of next year," the official stressed.

The objective of the agreement is that members of the Pacific Alliance, forming an area of ​​deep integration, where free to ensure the movement of goods, services, capital and people.

"In the most recent table discussions were held regarding the offers tariff and rules of origin, in order to achieve better access of our products to the expanded market of the Alliance," said Minister of Foreign Trade.

He added that the meeting dealt with issues such as Cali "as sanitary, phytosanitary and technical standards with the consolidation of a text of disciplines that reflect the interests of developing countries."

In the meeting it was agreed that on 19 and 20 June 2013 will be the first business Macrorueda Pacific Partnership, organized by agencies promoting their members: Promperú Proinversion Prochile, Proméxico and Proexport ".

POST YOUR COMMENTS BELOW, IF YOU LIKE TO PARTICIPATE..!

EVOLUTION OF LATIN AMERICA`S ECONOMY

In Latin America the biggest economies are MEXICO & BRAZIL. 
Then follows Colombia & Peru, committed to supporting market-friendly economic policies and both are relatively easy to do business and have well-trained young workforce. Both presidents respectively are making their countries ripe for investment. And Chile has been almost the same good stable economy in latin America and the rest of Latin countries with almost same trajectory as follows:

Mexico, has transformed the most. In the 1980s the manufacturing sector comprised just 10 percent of total exports; today it is over 75 percent. Mexico’s economic diversification and dynamism, especially in the automotive & electronic industries, have held oil at a steady 10-15 percent of exports for the last twenty years, even as oil prices have risen 

Brazil, Over the last forty years has moved away from a heavy reliance on food exports, and manufacturing has steadily risen—peaking at over 50 percent of exports in the 1990s and early 2000s. But the graph below also highlights Brazil’s continuing challenges: commodities have risen as a percentage of exports, leading manufacturing to slip to less than 40 percent of total exports in 2010

Colombia, has followed a similar trajectory; moving away from food production and toward manufacturing with the great potential to develop more and actually faster then other countries in Latin America. What has also increased substantially is oil production, jumping from under 2 percent in 1981 to reach some 60 percent of the country’s exports today. The combination of government incentives and expanding geographic safety suggests this upward trend will continue.

Peru, now is one of the most interesting venues for investment grade worldwide and for the last 12 years has an stable economy, making 38 consecutive months of growth averaging 6% for the last 10 years, Peru`s economy grew this year 6.33% higher than expected, it was led by fishing, construction sectors and Agricultural activity and tourism . Mining and Hydrocarbon has declined in the first 10 months of 2012. Peru is a mining country, but also has changed drastically in the last 20 years for the better. 

Chile, though rightly touted as one of the most open and advanced economies, remains in essence a commodity producer. Some areas have increased their value added—for instance, within food exports is the successful wine industry. But overall, copper dominates, bringing in roughly $ 41 billion a year, or nearly 60 percent of exports. Structurally, not much has changed in the last 30 years.

 Venezuela, has changed, though unlike its neighbors it has reverted to the past. Where manufacturing, food, and ore and metal exports rose steadily during the 1980s and 1990s (to total a combined 20 to 30 percent of exports), under the Chávez government they now comprise less than 7 percent. Over the last fifteen years, food and agricultural production have been wiped out, and oil dominates once again.

IF YOU LIKE TO PARTICIPATE PLEASE LEAVE YOUR COMMENTS BELOW

INTRODUCE YOUR SERVICES & PRODUCTS TO LATIN AMERICA

HERE, THROUGH THIS BLOG YOU MAY CONNECT  DIRECTLY TO LATIN AMERICA CONTACTS & PROFESSIONALS THAT HAVE WIDE EXPERIENCE IN MARKETING YOUR SERVICES & PRODUCTS WITHING LATIN AMERICA, WHO POSSESS THE KNOWLEDGE TO REMOVE THE OBSTACLES AND TO OBTAIN EXCELLENT COMMERCIAL RESULTS.

LATIN AMERICA TRADING - http://www.latinamericatrading.com/ THIS COMPANY WILL ALLOW YOU THROUGH THEIR SERVICES TO MARKET YOUR PRODUCT WITHIN LATIN AMERICA WE OFFER OUR BUSINESS EXPERIENCE IN DEVELOPING INTERNATIONAL MARKETS, CONSTANTLY WE EXPLORE NEW OPPORTUNITIES OF BUSINESS THAT HAVE NOT STILL BEEN DEVELOPED IN LATIN AMERICA WE POSSESS A DYNAMIC ORGANIZATION THAT ALLOWS US TO ADAPT TO THE DIFFERENT REQUIREMENTS OF ANY CLIENTS

LOOKING BACK AT LATIN AMERICA`S ECONOMY. 2012..

Looking back at the past year, many of the posts on Latin America’s Moment touch on the region’s economic development, and its trade and investment ties with the rest of the world. Here is a recap of some of the main themes.

Overall, 2012 was a year of economic optimism for most Latin American economies. The IMF’s Latin America Economic Outlook report, was quite bullish. And ECLAC announced that Latin America hit an ALL-TIME $150 BILLION HIGH in foreign direct investment, led by Brazil. Also crucial in the region’s economic development were the GROWING NUMBER OF WOMEN IN THE WORKFORCE.

Brazil’s economy still dominated the headlines, though the positive near consensus faded, as analysts grappled with slow growth. I argue here and here that, while Brazil’s hype may have been initially overdone, the country still boasts a solid consumer base, a relatively high GDP per capita, and a succesful conditional cash program that is helping to pull many into the middle class.

Meanwhile, interest in Mexico’s economy is rising, despite continued insecurity and violence. This has a lot to do with its economic openness, global competitiveness, and close links to the United States. To see the evolution of Mexico’s (and other Latin American countries’) exports

I hope that we all Latin countries will have another successful year for Latin America’s economies in 2013 and happy NEW YEAR 2013 to all.