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LATIN AMERICA: "Brazil - A world leader in the making" report

LATIN AMERICA: "Brazil - A world leader in the making" report. 40-page REACTION Magazine and report by KPMG.

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eJournals - global automotive industry news





LATINtalk eJournal

LATINtalk eJournals assist automotive suppliers in succeeding in the Mexican and South American automotive industries.

October,  2016


Export Advice: Doing Business in Mexico's Automotive Industry
Mexico may surpass India by 2020 as the sixth largest vehicle producer globally, according to the Mexican Association of Automotive Industry. The automotive industry accounts for 18% of Mexico’s manufacturing sector and 3% of its national gross dom (...)
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Argentina automotive sector struggles with Brazil demand
Argentina's auto production will likely fall 8 percent this year due to poor demand from neighboring Brazil before showing modest improvements in 2017, an executive with Fiat Chrysler Automobiles said on Thursday.Cristiano Rattazzi, Presi (...)
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S. Korea Loses No.3 Spot in World in Car Exports to Mexico
South Korea saw its number three spot in the world in terms of car exports slip for the first time in 12 years.According to the Korea Automobile Manufacturers Association and the Mexican Auto Industry Association Sunday, South Korea expor (...)
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WTO Members Question Argentine Auto Sector Tax Break
Several members of the World Trade Organization have taken issue with a proposed new law in Argentina, complaining that it will offer tax incentives to automakers that give preference to the use of local auto parts.At a meeting of the WTO (...)
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Vehicle production in Mexico rises 2.4% in September
Mexican domestic automobile production in September reached 285,344 vehicle units, an increase of 2.4% over last year, the Mexican Automakers Association (AMIA) and Mexican Auto Distributors Association (AMDA) said on Friday.Exports in Se (...)
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Mexico: Vehicle sales top 1mn units in 9 months
Sales were up 18.4% between January and September.Sales of new light vehicles in Mexico continue to soar, according to sales data compiled by two automotive associations.September sales were up 18.1% to 131,443 vehicles compar (...)
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Which are the best states in Mexico for doing business in 2016?
A study just released by the World Bank and the International Finance Corporation, Doing Business en México 2016, compares Mexico’s 32 states for the paperwork, time and costs associated with four major indicators: opening a new business, obtainin (...)
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Brazil is about to pass a law to embrace austerity, for the next 20 years
Despite efforts around the world to defeat austerity policies, they’re still very much alive and well. Brazil is a perfect example, as the unelected right-wing government looks dead set on amending the country’s constitution to include a fiscal s (...)
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A post-debate defense of the North American Free Trade Area
Much sound and fury over free trade has been generated during this extraordinary election year. As with all agreements, the North American Free Trade Agreement has become a political football. The general public has been misled by the politicians who (...)
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Brazil strikes out on labor reform
Brazilian bank workers are in a funk. Inflation is eating away at their salaries, even as banks are still making pretty good money in the face of Brazil's recession. So on Sept. 6, tellers, clerks and other bank employees did what union bosses told t (...)
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Logistics Startups Facing Difficult Roadblocks in Latin America
According to Katie Griffing, while some logistics startups are finding success, there are myriad opportunities for better shipping solutions in Latam.U.S. venture capitalists have pumped over US$1 billion into shipping and logistics compa (...)
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Logistics Startups Facing Difficult Roadblocks in Latin America
According to Katie Griffing, while some logistics startups are finding success, there are myriad opportunities for better shipping solutions in Latam.U.S. venture capitalists have pumped over US$1 billion into shipping and logistics compa (...)
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Brazil's economy could again rank eighth world largest next year, says IMF
Brazil's economy is expected to return to growth next year and with a decrease in the value of the dollar vis-a-vis the Real in recent months, the country is back on track to becoming the world's eighth largest GDP in 2017 according to the IMF. Since (...)
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Why Is Mexico's Peso Weaker Than Ukraine And Pakistan Currencies?
How can it be that a country that has been growing at a percentage rate higher than the United States has a currency that is weaker than Ukraine, a frontier market that is busy fighting the Russians?Many analysts blame the U.S. presidenti (...)
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Brazil’s tech-sector bright spots beckon as it begins to emerge from long economic crisis
Brazil showed off its cultural brilliance, spirit and national pride on a grand stage during the recent Olympic Games in Rio. Despite a prolonged macroeconomic crisis, the world’s ninth largest economy is showing positive signs that it may roar bac (...)
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Fighting Corruption: Why Argentina Might Not Be the Next Brazil
Argentina lags its neighbor in areas such as the independence of prosecutors and efficiency of anti-corruption agencies, according to a new study.Argentina has seen an unprecedented wave of corruption charges this year against high-profil (...)
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China tariff, non-tariff barriers inhibit Caribbean, Latin America imports – IDB report
Prohibitive tariff and non-tariff barriers for trade between China and Latin America and the Caribbean (LAC) continue to seriously inhibit the prospects for the export of both agricultural and manufactured goods to the world’s single largest market (...)
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Brazil: Mergers & Acquisitions 2016 2nd quarter
Mergers & Acquisitions sector has the worst quarter in the last seven years; semester has recorded a fall of 5%.Mergers and Acquisitions Research, done quarterly by KPMG in Brazil, with different information such as transaction rankin (...)
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Brazil and other BRICS nations vow to speed global economic recovery
The leaders of five of the world's rising powers ended a two-day summit Sunday with a pledge to speed global economic recovery as well as fight terrorism and extremism, forces that they said pose a threat to regional and international peace and stabi (...)
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China signed up to build major new industrial park in Mexico
Damaged Mexican-Chinese trade relations got a second chance this week with the signing of a preliminary agreement between the two countries to develop a major new industrial park in Mexico.State-owned contracting behemoth China Communicat (...)
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Buying Real Estate in Brazil as a Foreigner
Foreign nationals can acquire real state in Brazil since 2002 if meeting some conditions; check some tipsCan foreigners buy real estate in Brazil? With regard to properties located in Brazil’s urban areas, foreigners are free to buy thi (...)
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Book: China’s Latin America partners are engaging on new terms
Venezuela is a country on the brink of collapse. Its reserves of crude oil, the largest in the world, underwrote some US$65 billion (440 billion yuna) in debt to China issued since the turn of the millennium. But with the recent crash in internationa (...)
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Mexican economic growth likely accelerated on annual basis in August, but may have dropped sequentially
The Mexican economic growth is decelerating in spite of a likely rise in August. The considerable growth in trade and the modest growth seen in industrial production under the circumstances assist in estimating a rebound in the Mexcian economic activ (...)
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Asia a model for Latin American university innovation
Higher education, research and innovation have surged ahead in Asia in recent decades, but Latin America is lagging. In a changing world where young people need to be better prepared for jobs in a growing knowledge economy, Latin America needs to be (...)
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Argentina and U.S. are working together in order to achieve a Treaty that allows an Exchange Tax Information mechanism
On September 26, 2016, U.S. Treasury Secretary, Jack Lew, said in a meeting with the Ministry of Economy, Prat-Gay, that the United States would try to expedite the exchange of tax data with Argentina. Moreover, he mentioned that the U.S. Treasury wo (...)
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Month to month inflation in Brazil during September was the lowest since 1998
Brazil's inflation continued its slow fall in September in a positive sign for the new government as it wrestles to end the worst recession in nearly a century. The 12 month rate fell to 8.48%, down from 8.97% August hitting its lowest level for the (...)
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EU-Mercosur trade deal within two years, followed by negotiations with UK
The European Union and Mercosur could strike a free trade deal within two years, according to Argentina’s Commerce Secretary Miguel Braun. After Brexit, Mercosur would be open to a separate trade deal with the UK. Trade negotiations between the EU (...)
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Billions pour in to buy Argentine bonds, “sign of growing investor confidence”
Argentina’s international currency reserves rose above the landmark US$40 billion for the first time in three and a half years last Friday, as a huge inflow of dollars from government-issued debt and some exports over the last few days caused some (...)
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Latin America and Caribbean will suffer 0.9% contraction this year but growth will reach 1.5% in 2017
The Economic Commission for Latin America and the Caribbean (ECLAC) has revised its economic growth projections for the region and now expects a 0.9% average contraction for Latin America and the Caribbean this year. Economic activity is expected to (...)
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The City of Buenos Aires Adhered to the National Tax Amnesty Program and Regulates a Payment Plan
Law N° 5,616, published in the City of Buenos Aires Official Gazette on September 8, 2016, adheres to the National Tax Amnesty Program and regulates a Payment Plan.Hereinafter we include the main aspects of the aforementioned law.   (...)
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Chile and Argentina Agree Tax Treaty
On 17 October 2016, the Chilean and Argentinean governments announced that the tax treaty signed by both countries will enter into force on 1 January 2017. The press release can be found here.The treaty follows the OECD model and is inten (...)
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Taxes to be considered under Brazil-Chile double tax treaty
On April 5 2016 the Chilean Tax Authority issued Official Letter 869, which reported that, according to a communication from the Brazilian Embassy, Brazil had published an interpretative law establishing an exemption for social contribution tax on ne (...)
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Brazilian central bank lowers basic rate 0.25 points on more optimistic recovery data
Brazil's central bank cut its key interest rate for the first time in more than three years on Wednesday as a new center-right government's reforms fuel hopes of a recovery in Latin America's largest economy. The bank lowered the benchmark Selic rate (...)
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