Search Results for: Venezuelan

Brazil’s tumbling textile exports to Venezuela may fall further if the country is suspended from the south American trading bloc, Mercosur next month. (December, 2016) 

According to World Bank data, Brazil’s textile and clothing exports to Venezuela peaked in 2011 at USD90.3 million but have been falling steadily ever since.…

South America’s cosmetics and personal care sector is looking to bounce back from a slowdown caused by the region’s macroeconomic troubles, but political pressures and regional trade alliances are driving individual country markets down divergent paths.

Over the last year, countries across the region have been buffeted by economic turmoil that has had a knock-on impact on the cosmetics sector.…

A DRAMATIC year for Pyrenees micro-state of Andorra has highlighted a debate over whether the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has excessive power over financial institutions outside America.

The American financial intelligence unit (FIU) issued a Notice of Finding (NOF) in March 2015, saying Banca Privada d’Andorra (BPA), one of only five banks in the principality, was a financial institution of “primary money laundering concern.”…

THE EUROPEAN Union (EU) chocolate sector stands to access supplies from the world’s third largest cocoa producer – Indonesia – should new talks to forge an EU-Indonesia trade deal prove successful. The country produced around 400,000 tonnes of cocoa in 2015.…

A decline in exports has ended the boom years for the Colombian cosmetics sector, but the country still holds high hopes of establishing itself as a major regional player.

Colombia’s cosmetics and personal care sector has been thriving for well over a decade, as economic growth has fuelled a strong domestic market and the country established itself as an export hub for the north of South America.…

MIRRORING how Spain is crawling out of its long recession, the country’s personal care product market is recovering. UK-based market researchers Euromonitor released a report last month concluding: “After years of decline in value terms, beauty and personal care finally saw a positive performance in Spain in 2015.”…

Colombia’s bio-based oils and fats sector is seeing industry profits siphoned off by criminal networks thanks to a contraband smuggling boom linked to illegal armed groups, organised crime and money laundering.
Contraband smuggling in Colombia has evolved into a sophisticated criminal business worth USD6 billion a year, according to the estimates of the Colombian National Tax and Customs Directorate (DIAN – Dirección de Impuestos y Aduanas Nacionales), and has become one of the principal threats facing national industries.…

THE LATIN American paint and coatings sector has been facing tough times in the past year, with sluggish overall economic performance depressing demand for the industry. Even, last summer’s World Cup football fiesta in Brazil, did not give the region’s largest market any motive to celebrate.…

A levy on air in the Venezuela’s largest airport, Maiquetía Simón Bolívar International Airport – on both domestic and foreign flights – caused such an uproar in the South American nation last year, it has since been repealed. According to the Venezuelan Airline Association (ALAV – Asociacion de lineas aereas de Venezuela), the ‘air-tax’ was doomed by the constant complaints and delays it caused.…

The request was highly unusual. But, when the ambassador of Haiti to Canada heard that Montreal’s Mirabel airport was to be demolished, his thoughts turned to his country’s Cap Haïtien airport, which was undergoing large-scale renovation. The doomed airport’s equipment, he figured, would be of more use in Haiti than on the scrap-heap.…