Peru and Mexico signed this week a trade agreement with the aim of jointly reaching out to Asia, an undertaking that they want Chile and Colombia to join
Nobel Prize winner in Literature Mario Vargas Llosa said that countries across Latin America will eventually suffer the same type of organized crime-related mayhem currently battering Mexico unless a decision is made to legalize drugs.
A Mexican brewery has launched the first beer targeted to the gay community with a slight honey flavour and with plans to market the product in Mexico, Colombia and Japan among other interested countries.
Mexican telecommunications tycoon Carlos Slim announced plans to invest 8.3 billion US dollars this year in 19 countries where his companies have interests and underlined that given the international scenario, it is the right moment to invest in Latin America: “whoever doesn’t will be left behind”.
Following the 30% expansion in 2010, Brazilian exports are forecasted to grow 12%, in 2011 according to Foreign Trade Secretary Weber Barral. He added that in 2010 the recovery was quite strong compared to the downturn of 2009, but in 2011 global trade growth rate is expected to slow down.
Several top Mexican officials admitted the government was in danger of losing control of parts of the country to powerful drug cartels, according to U.S. State Department documents made public by WikiLeaks.
Following the discovery of 72 bodies in northern Mexico, allegedly illegal immigrants heading for United States killed by one of the country’s main drug-cartels, Mexican President Felipe Calderon proposed Thursday a new package of measures against money laundering to help fight organized crime.
Mexico announced this weekend that it was normalizing diplomatic relations with Honduras given the “significant advances” achieved in addressing the consequences of last year’s coup.
United States National Guard troops will begin deploying along the US-Mexico border from 1 August, officials say. The 1,200 troops, ordered to the border by President Barack Obama, form part of efforts to tackle illegal immigration and drug-trafficking.They will be in the four border states with Arizona getting the largest share.
The Latin American economy could grow by as much as 5% this year, more strongly than previously expected (4%), driven by Brazil's vigorous expansion, according to a senior International Monetary Fund official.