The process of data monetization, a concept that until recently was present only in conversations between technology experts, is now one of the recurring topics in strategic meetings at the management level in companies.
What is Data Monetization?
The concept of data monetization refers to the process of extracting, cleaning and analyzing the millions of data generated within a company, with the purpose of obtaining a benefit or economic value. This value can range from using the information to create performance indicators of the company's own business and use them to optimize processes and make better strategic decisions, use it as input in the creation of other products or services, market it to third parties, share it with business partners, among others.
Guatemalan exporters report that President Trump's warning about export tariffs and taxes on remittances and transfers is raising doubts among U.S. buyers.
Uncertainty prevails among most Guatemalan businessmen after President Trump reacted to the provisional protection established by the Guatemalan Constitutional Court, which limits the functions of the Executive Branch to negotiate or sign any foreign policy agreement.
Guatemala's business sector responded with concern to President Trump's warning about imposing export tariffs and levies on remittances and transfers.
The announcement made by the president of the United States comes after the Guatemalan Constitutional Court issued a ruling in which it limits its foreign policy functions to the Executive, by granting a provisional injunction that prevents the negotiation or signing of any agreement.
In the NAFTA review carried out by the Central American and U.S. authorities, it is ruled out that the U.S. government will apply trade sanctions in retaliation for the deepening of the migration problem.
After the Trump administration pressured Mexico with the threat of increased tariffs on Mexican imports, the region has generated expectations for the planned review of the NAFTA with Central America.
Through the new diplomatic headquarters in Beijing, the Salvadoran government aims to deepen relations with the Asian giant.
The opening of the Salvadoran government's embassy in China will help to further strengthen the relationship of friendship, trade and cooperation between the two nations, reported the Ministry of Foreign Affairs of El Salvador.
Authorities in the Asian country reported that their intention is to sign a free trade agreement with El Salvador, while the government of Sánchez Cerén intends to sign a partial scope agreement.
Authorities in the People's Republic of China reported that as announced several weeks ago, El Salvador and the Asian country had already held their first working session in which they began to define the trade and cooperation relationship between the two nations.
Following the departure of US diplomatic staff from Nicaragua at the worst moment of the socio-political crisis, the US government has now announced that it has authorized the return of the embassy staff and their families to Managua.
The crisis in which Nicaragua has been immersed since last April has negatively affected the country in multiple ways, including the irregularity with which the US diplomatic corps works.This was evident when, in mid-May, the US Embassy reported that it would not be processing routine applications for nonimmigrant visas, and that due to unstable security conditions, it would reduce the hours of service provided to the public.See "Nicaragua: US suspends visa issuance"
The Sánchez Cerén administration is preparing to negotiate the signing of trade agreements with the Asian country, but without actively involving the private sector.
After the sudden and accelerated rupture of relations with the Republic of Taiwan and the announcement of the new relations with China, the Salvadoran government is organizing the signing of the first commercial agreements with the Asian giant, and for this the first official mission is preparing to travel next week.
Entrepreneurs in El Salvador are demanding that the government provide more details on how and what was negotiated in the process of establishing diplomatic relations with China.
The private sector is questioning the abrupt and accelerated manner in which the process of breaking off relations with the Republic of Taiwan and the announcement of new relations with China took place.
Following the path chosen by its neighbors Panama and Costa Rica, the Salvadoran government has announced the opening of diplomatic relations with China and a rupture with Taiwan.
Reactions to the announcement by President Salvador Sánchez Cerén did not take long.The US government expressed its opposition, stating that the decision will bring negative consequences for El Salvador, while opposition politicians accused the government of wanting to ease the way for China to be granted the concession to operate the port of La Unión.
The attendance of the president of the rebellious Chinese island to the inauguration of President Ortega and visits to the countries of northern Central America could have profound geopolitical significance.
EDITORIAL
It is not only the importance of Taiwan for Central Americans in terms of trade and financial assistance to governments in the area.The visit of President Tsai Ing-wen could be related to the turmoil of the global political status quo that will surely arise with the new US government
Mimicking countries in the Bolivarian Alliance by snubbing the president of Brazil in the UN confirms the ideological inconsistency of a government that on the one hand has ministers who support free international trade and others who practice blatant protectionism.
EDITORIAL
This inconsistency was already a concern in Costa Rican business sectors, and now after the outburst by Luis Guillermo Solís in the United Nations General Assembly, bewilderment is being expressed.For a small economy like Costa Rica, is vital that there is coherence in relations with other countries and especially with powers such as Brazil.
An announcement has been made that services and office staff will be expanded in Panama City and from there the Dutch will strengthen their business with other countries in Central America.
After a meeting of the Dutch ambassador and Panamanian officials, it was announced that the office operating in the country will be expanded to extend activities throughout Central and increase financial and trade relations with Panama.
Seven years after diplomatic ties broke, Costa Rica is Taiwan's main trading partner in the region, with $644 million traded in 2013.
It seems that maintaining healthy diplomatic and political relations between governments is not always necessary for trade between two nations to prosper. One example is the bilateral trade between Taiwan and Costa Rica, which despite the fact that it is the only country in Central America to have broken political links with the Asian island, remains its main trading partner in the region.
Nicaragua will host the annual convention of the Federation of Chinese Associations of Central America, where they will meet with Central American businessmen during August 28th-30th.
At the annual meeting of Taiwan companies with their Central American peers attendance is expected from about 300 representatives from companies throughout the region.
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