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LatinNews Daily - 06 April 2021

Main Briefing
On 3 April the president of Ecuador’s umbrella indigenous organisation (Conaie), Jaime Vargas, threw his support behind leftist candidate Andrés Arauz ahead of the run-off of the presidential election on 11 April, potentially fragmenting an indigenous ballot-spoiling bloc that had dampened Arauz's electoral chances...
Andean
* Peru’s foreign trade & tourism ministry (Mincetur) has released new figures which show the country’s exports totalled US$7.39bn in the first two months of 2021, up 3.5% on the same period in 2020...
Brazil
On 5 April, a judge in Brazil’s supreme court (STF), Gilmar Mendes, maintained a decree issued by the state government of São Paulo which bans religious celebrations as part of its restrictions against the coronavirus (Covid-19), going against a ruling issued two days earlier by fellow STF justice, Kássio Nunes Marques...
* Brazil’s economy ministry has released the latest figures on the balance of trade, which show that the country recorded a US$1.65bn trade surplus in the first quarter of the year, a 62.5% reduction on the trade surplus recorded in Q1 2020...
Central America & Caribbean
On 5 April US Department of State spokesperson, Ned Price, said “corruption continues to be a challenge when it comes to our relationship with Honduras”...
* Nicaragua’s central bank (BCN) has released new figures which show that net foreign direct investment (FDI) to Nicaragua totalled US$182.3m in 2020, down from US$503m in 2019 and US$837m in 2018...
Mexico
On 5 April Mexico’s President Andrés Manuel López Obrador announced that his government had reached an agreement with local unions and business leaders over a reform bill that limits outsourcing in the country...
* Private sector economists consulted by Mexico’s central bank (Banxico) have improved their forecast for Mexico’s GDP growth in 2021 to 4.53%, up from 3.89% in February...
Southern Cone
On 5 April, Chile’s latest coronavirus (Covid-19) restrictions came into force, namely a ban on international travel and the closure of the country’s borders to foreign nationals. ..
* Uruguay’s national investment and trade promotion agency, Uruguay XXI, has reported that the country’s exports reached US$843m in March, a 25.5% year-on-year increase...

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