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Economy & Business - October 2021

LEADER
On 7 September Uruguay’s President Luis Alberto Lacalle Pou did something he and his immediate predecessors had wanted to do for a long time: he announced a commitment to negotiate a free trade agreement (FTA) with China...
ANDEAN COUNTRIES
It was a Chavista flag planted on Colombian soil...
Ecuador’s President Guillermo Lasso held a virtual meeting on 30 August with his Chinese counterpart, Xi Jinping, in which he said the two leaders agreed to immediately begin trade negotiations with the aim of finalising a free trade agreement (FTA) by March 2022...
The ExpoCannaBiz business conference that took place in the northern city of Cartagena (Bolívar department) on 16 September was the first major event for the medicinal cannabis industry to take place in Colombia since new regulations targeting the sector were introduced on 23 July...
COLOMBIA | Revised tax reform promulgated...
BRAZIL & SOUTHERN CONE
September was a big month for a whole new range of green hydrogen pilot projects in Chile, from the far north to the far south of the country...
The right-wing government of President Jair Bolsonaro has a mixed record on structural economic reform in Brazil...
The Argentine government’s draft budget for 2022 is facing strong pressure in opposing directions...
BRAZIL | Unemployment falls but labour market still fragile...
CENTRAL AMERICA & CARIBBEAN
Migrants sent US$1.389bn in remittances to Guatemala in August, the highest monthly total ever recorded, providing a lifeline as the country struggles to recover from the coronavirus (Covid-19) pandemic...
In August fDi Intelligence magazine, a service provided by the UK-based Financial Times, ranked Costa Rica top of its Greenfield Performance Index for foreign direct investment (FDI) inflows...
Trinidad & Tobago has been suffering from years of slow or negative growth which has now been compounded by the effects of the coronavirus (Covid-19) pandemic even though Trinidad is not one of the Caribbean’s severely tourist-dependent countries...
*** GUTERRES PROPOSES DEBT PLAN...
HONDURAS | IMF expands assistance...
MEXICO & USMCA
On 8 September Mexico’s finance minister, Rogelio Ramírez de la O, presented the federal government’s proposed 2022 budget, which includes its key economic assumptions for the year as well as its revenue and spending plans...
An investigation carried out by local newspaper Animal Político published on 22 September shows that two years after President Andrés Manuel López Obrador announced that two of his priority social programmes would be implemented in three Central American countries (Guatemala, El Salvador, and Honduras), less than half of the target population has benefitted...
On 22 September Mexico’s tourism minister Miguel Torruco launched a campaign in the US to promote Mexico as a key tourist destination for travellers there...
MEXICO | Cycle of interest rate hikes to continue...

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