Search Results for: Venezuela

THE LATIN American personal care product market, buffeted in recent years by economic and political instability, looks back on track, with trouble-spots such as Venezuela being very much an exception to overall progress.

Data released by market researcher Euromonitor International has said that the region’s beauty and personal care product sales in 2017 topped USD65 billion in 2017, growing by 42.5% between 2012 and last year.…

THE VENEZUELAN government has launched a crypto-currency whose exchange rate is linked to global oil prices and which is backed by the country’s plentiful oil reserves.

The ‘Petro’ is the first state-backed virtual currency. Only the Venezuelan government can issue credits (it is ‘pre-mined’ in crypto-currency jargon).…

OECD SAYS 49 JURISDICTIONS WILL AUTOMATICALLY EXCHANGE TAX INFORMATION THIS YEAR

THE IDENTITY of 49 jurisdictions that will automatically exchange tax information in 2017 under a global standard has been revealed by the Organisation for Economic Cooperation & Development (OECD).…

THE WORLD Trade Organisation (WTO) appellate body is considering an appeal by Brazil against a WTO disputes panel ruling that a wide range of Brazilian tax systems, designed to promote domestic production and exports, breach global trading agreements. The WTO backed Japan and European Union (EU) complaints that these discriminate unfairly against non-Brazilian competitors.…

The macro-economic slowdown experienced by Latin America in recent years has thrown the brakes on what had been impressive growth in the beauty and personal care sector since the turn of the century.

Much of the region is now looking for ways to stimulate the sector, tempering ambitions by aiming for more gradual growth rather than runaway success.…

FOUR Brazilian presidents (including the incumbent), dozens of lawmakers, nearly all governors, mayors of major cities, members of the judicial system and of the press, have been tainted with corruption allegations by the sprawling Lava Jato probe. It has had global impact as one of the biggest scandals in history.…

REDUCING Brazil’s excessive duty tariffs through renewed European Union (EU)-Brazil trade talks is essential to increase textile exports to the Latin American country, EURATEX (the European Apparel and Textile Federation) director general Francesco Marchi has told WTiN.com.

Decisions on tariffs are central to negotiations between the EU and Mercosur – the trading block of Argentina, Paraguay and Uruguay and Brazil (Venezuela was suspended from the group in December 2016).…

Europe’s auto suppliers are pushing the European Union (EU) work harder to secure a free trade deal with the Mercosur bloc to end tariff barriers restricting the current EU exports of vehicles and parts to its South American member countries.

At present this trade with the four founding members of Mercosur – Argentina, Brazil, Paraguay, and Uruguay – is worth a mere USD8 billion.…

The Syria conflict is into its sixth year, as are the multilateral sanctions imposed on the government in Damascus. How effective have the sanctions been, given the Syrian regime’s survival? And where may have funds from members of the regime, and those linked to it, gone?…

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.…