españolAluminum: Figures from Trade with Mexico in February 2018Wednesday, April 18, 2018 During the first two months of 2018, countries in the region imported $7 million worth of aluminum and its manufactures from Mexico, and 49% was purchased by companies in Costa Rica and Guatemala. Figures from the information system on the Central American Market for Aluminium and its Manufactures, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Fertilizer: Purchases From Mexico RecoverMonday, April 16, 2018 In 2017, countries in Central America imported $18 million worth of fertilizers from Mexico, a figure which is 61% more than what was purchased in 2016. Figures from the information system on the the Fertilizer Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] More Traffic Projected in Panama CanalWednesday, April 4, 2018 For the fiscal year ending September 2018, the authorities foresee that the cargo that will transit through the Canal will reach 431 million tons, 7% more than in the previous period. According to the Panama Canal Authority, the main reasons for the predicted growth in cargo passing through its facilities are the improvement registered in international prices of raw materials and the increase in demand from emerging economies. Truck Tire Market in Central AmericaThursday, April 5, 2018 In the first nine months of 2017, Central American companies imported $167 million worth of tires for trucks and buses, 4% more than in the same period in 2016. Figures from the information system on the New Tire Market for Trucks and Buses in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] Glass: Trade Between Central America and MexicoWednesday, March 28, 2018 In 2017, countries in the region imported $36 million worth of glass and its manufactures from Mexico, and 39% was purchased by companies in Guatemala and Costa Rica. Figures from the information system on the Central American Market for Glass and its Manufactures, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"] Footwear: In Search of New BusinessMonday, March 26, 2018 Re-exporters in the Colon Free Zone are seeking to attract companies from Peru, Uruguay, Brazil and Mexico, to compensate for some they of the businesses that have lost due to the taxes imposed by Colombia. Nearly 70 companies in the Colon Free Zone (CFZ) are among the most affected by the tariff measures imposed by Colombia, the main importer of footwear and textiles that is re-exported from the FTA to Latin America. Panamaamerica.com.pa reports that this is added to "... Venezuela's economic condition and a drop in purchases from Caribbean countries." Road Tender PostponedMonday, March 26, 2018 Following the Guatemalan government's liquidation of road works contracts with Brazil's Odebrecht, it has been announced that the date to submit bids in the new contests will be April 6. The presentation of offers in the new competitions had been set for March 23, and after the Ministry of Communications completely rescinded the contracts with the construction company Odebrecht, representatives of the executive announced that the proposals for the works on 140 kilometers of the CA-2 road, will be received on April 6. Grains from Brazil to Pass Through Panama CanalMonday, March 19, 2018 Through an agreement with the union of soy and corn producers in Mato Grosso, promotion will be given to the the transfer of grains from the north of Brazil to markets in Asia. The Canal Authority reported that "...The agreement allows the coordination of joint marketing activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs." End of Odebrecht´s Story?Monday, March 19, 2018 After multiple attempts to liquidate the contract and collect the bonds for the road works that were awarded to the Brazilian construction company, the Guatemalan government has finally received the money and will be able to tender the works again. Representatives from the executive board announced that they have already received two bonds corresponding to the road works for 140 kilometers of the CA-2 highway, meaning that the path to bidding for new contracts is practically open. Panama Defends its Commercial InterestsMonday, March 12, 2018 As a step prior to the implementation of specific retaliation measures, the government has published a list of 20 countries whose discriminatory actions have affected Panama's economic and commercial interests. The Ministry of Foreign Affairs reported that " ...The Ministries of Economy and Finance, Foreign Affairs and Trade, and Industry of the Republic of Panama issued an initial list of 20 jurisdictions in Latin America, Europe and Asia that apply discriminatory or restrictive measures to the Republic of Panama" Elections, Competitiveness and ExportsThursday, March 8, 2018 Three weeks ahead of the ballotage in Costa Rica, exporters are demanding more flexibility from the candidates, modernization of the port of Caldera and better security controls at ports and on roads. One of the issues that has most affected the flow of international trade in Costa Rica in recent years has been the security of exports and how these have been damaged by theft and constant interception of containers. This is one of the issues which exporters are demanding more attention be paid to by the government that will take office on May 1. Expocomer: $130 million Foreseen in Business ProjectsThursday, March 1, 2018 The organizers estimate that commercial transactions made between participants will amount to around $130 million, and the economic benefit for Panama could be $45 million. "... 'We have an excellent Expo, with very good expectations. We will have to wait for the numbers at the end of the event, but we hope that the economic spillover for the country will be at least equal to last year's, that is to say, worth about $45 million. Business transactions between participants should be in the order of $130 million," Inocencio Galindo, president of the Chamber of Commerce and Industries of Panama (CCIAP), told La Estrella de Panamá." Costa Rica Gets Off Brazil's Grey listFriday, January 19, 2018 Since 1999 Costa Rica has been included in the list of nations considered tax havens by the South American country. From a statement issued by the Ministry of Finance: Price strategies: Is it Worth Haggling?Tuesday, February 6, 2018 The practice of trying to get a discount is acceptable in some places, while in others, depending on the product or service in question, it can lead to doubts and harm negotiations. Ariel Baños, expert in defining pricing strategies, explains that when negotiating a reduction or increase in a price, one must take into account the cultural factors of each country, which can differ greatly from one place to another. "... In some countries, such as Egypt, Morocco and India, and in Southeast Asia in general, it is common to negotiate prices on all types of products and services. It can even be considered offensive if the client pays the initial price, without even making an attempt to get some money off." Panama Continues to Import Spanish CeramicsWednesday, January 24, 2018 Between January and June 2017, imports of ceramic products totaled $38 million, and the value purchased from Spain increased by 3%. Figures from the information system on the the Ceramics Market in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"] |
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Thursday, April 19, 2018 - last update: 4:14 pm
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