Answers

  1. Mercosur. The EU and Mercosur have long been negotiating a Free Trade Agreement, but usually agricultural products cause the most delays in these talks. Brazil and Argentina largely dominate this bloc, and both are currently pursuing highly protectionist policies, which are not favourable towards freeing trade with the EU.
  2. Brazilian Real. Brazil had a considerable number of different currencies in recent years. Confidence in the Real seems high and macroeconomic stability seems to be now largely established. Inflation is still a top concern for the Brazilian economy.
  3. At the moment, Chile and Mexico. Colombia and Perú should join later this year when the agreements are ratified.
  4. Chile. Perú now ranks second, with Venezuela ranking last.
  5. Argentina. Argentina is the world’s largest producer and exporter of many products including biodiesel, lemons, soy and polo ponies...
  6. Chile. Copper production highly impacts on the economy in terms of employment, currency fluctuations, investment and growth.
  7. Wine. In 2011, Chilean worldwide wine exports increased 8.9%. Viña Concha y Toro is the largest producer.
  8. Machinery. Did you also know that the Galápagos Islands, well-known for their precious biodiversity, belong to Ecuador?
  9. Zona Libre de Colón. Most Latin American countries have free trade zones. Some of the key benefits include tax benefits as well as beneficial employment and legal status.
  10. Mexico. The Mexican economy has grown considerably and steadily over the last few years, despite the bad press the country usually gets in the UK. It is even said to be overtaking Brazil in terms of economic growth.
  11. Six and a half. And to this one must add the time to actually add-on travel time, often and unpredictable strikes and conflicts, and the huge costs of travelling within the continent.
  12. Argentina, Brazil, Uruguay, Paraguay, Bolivia, Chile, Ecuador, Perú, Colombia, Venezuela, Suriname, French Guaiana (technically not a country but a French overseas territory), Guyana. Please note that Suriname, French Guaiana and Guyana are not usually considered part of “Latin America”, although geographically they belong to “South America”. Equally, many Central American and Caribbean countries are considered part of “Latin America” (such as the Dominican Republic or Panama) and also Mexico (which is geographically part of “North America”)

 

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Written on 20th June 2012 by Gabriela Castro - Fontoura, S&H LLP Associate Director at Sunny Sky Solutions (http://sunnyskysolutions.co.uk/)

 

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