South America News

Sat, 19 Sep 2020 09:57:00 UTC

Brazil slashes tariffs to zero on imports of Covid-19 vaccines and related inputs

Anti-COVID-19 vaccines will be done in Brazil using a comprehensive Mercosur Common Nomenclature (NCM) descriptive of the type and presentation Brazil slashed temporarily the import tax on COVID-19 vaccines and other products related to the fight of the new coronavirus. According to the resolution from the Ministry of Economy's Chamber of Foreign Trade, CAMEX, the objective is to “facilitate the fight against the pandemic”.

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Sat, 19 Sep 2020 09:18:00 UTC

Egypt becomes one of the main suppliers of garlic to the Brazilian market

Egyptian sales of garlic to Brazil in the first eight months of 2020 exceeded US$ 5 million Egypt has become one of the main suppliers of garlic to Brazil, with data this year showing that in the first eight months the product sales have already exceeded US$ 5 million, according to SECEX, Brazil's foreign trade secretariat.

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Fri, 18 Sep 2020 09:40:00 UTC

Latin America resuming normal social and public life too soon, warns WHO

“Although the entire world is racing to develop new tools to prevent and cure COVID-19, a safe and effective vaccine is not around the corner,” Etienne warned. Latin America has started to resume normal social and public life at a time when the COVID-19 pandemic still requires major control interventions, World Health Organization regional director Carissa Etienne warned.

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Fri, 18 Sep 2020 09:36:00 UTC

The attraction of oil: first ever US Secretary of State visit to Suriname and Guyana

Pompeo will meet freshly elected leaders in Guyana and Suriname, which are also being courted by China as the two nations seek a surge of investment. Mike Pompeo on Thursday became the first US secretary of state to visit Guyana and Suriname as the discovery of oil fuels a sudden new interest in the small South American nations.

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Thu, 17 Sep 2020 09:30:00 UTC

Argentina tightens currency controls, helping the US dollar climb to a new record

Access to dollars for the purpose of paying off foreign credit card debt and for purpose of saving in a stable currency will be taxed at 35% Argentina's peso currency plunged further into record low territory after the central bank tightened currency controls. The peso opened almost 0.1% weaker at 75.25 per U.S. dollar, traders said, and the country risk rose 38 basis points to 1,157. The black market peso or blue dollar plummeted 9.7% to open at a new all-time low 145 per U.S. dollar.

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Thu, 17 Sep 2020 09:29:00 UTC

Brazil keeps key interest rate at record low 2%; anticipates “forward guidance” instead of further cuts

In a statement accompanying the unanimous decision, “Copom” said inflation in the short term may be higher than previously thought Brazil’s central bank kept its key interest rate at a record-low 2.00% on Wednesday, pledging to stimulate the coronavirus-hit economy with “forward guidance” rather than more rate cuts because of the risk to financial market stability that they could pose.

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Thu, 17 Sep 2020 09:15:00 UTC

UN report slams Venezuela government for methodical extrajudicial executions, forced disappearances and torture

The Mission believes Venezuelan authorities and security forces have since 2014 planned and executed serious human rights violations The Venezuelan government was accused of committing crimes against humanity in a report published on Wednesday by a United Nations-backed fact-finding mission.

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Thu, 17 Sep 2020 09:10:00 UTC

Eight EU countries urge “real action” from Brazil to combat deforestation

This position comes when the two sides (EU and Mercosur) attempt to finalize a free trade deal agreed to in principle last year A group of eight European countries urged Brazil to take “real action” to combat rising deforestation in the Amazon rainforest, which is threatening Europe’s desire to source food and other products sustainably.

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Thu, 17 Sep 2020 09:01:00 UTC

Brazil's agribusiness exports in August reached US$ 8,9bn: China main client

Soybean exports reached US$ 2.21 billion (+ 25.1%), of which China purchased close to 75%, valued at US$ 1.65 billion. Brazil's agribusiness exports during August 2020, reached US$ 8.91 billion, an increase of 7.8% in relation to the same month in 2019 (US$ 8.26 billion). Between August 2019 and 2020, agribusiness product exports grew by 16.5% in absolute values.

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Thu, 17 Sep 2020 08:57:00 UTC

US curbs steel imports from Brazil and Mexico, boosting protection for US steelmakers

The U.S. Trade Representative’s office said it was reducing Brazil’s remaining 2020 quota for semi-finished steel imports to 60,000 metric tons from 350,000 tons President Donald Trump’s administration took new steps to curb steel imports from Brazil and Mexico, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio, and Michigan.

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Thu, 17 Sep 2020 08:48:00 UTC

Brazilian Army receives thirty armored tanks donated by United States

The M577 A2 model is amphibious, has a 212 HP diesel engine and is compatible with many types of optical electronic materials, including night vision. The Brazilian Army has received a shipment of thirty armored tanks donated by the United States. The special operation was organized by Portos do Paraná together with representatives of the 5th Regional Military Command and Marcon Logística Portuária. The vehicles came from Galveston, Texas, to be used in training, combat, and defense.

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Wed, 16 Sep 2020 07:56:00 UTC

New IDB president pledges to help Argentina with the “long arduous” IMF negotiations

Claver Carone said he pledged his support in a call with Argentina’s President Alberto Fernandez shortly after Saturday’s election for a new IDB president Mauricio Claver-Carone, the White House official elected to lead Latin America’s regional development bank, said he aims to play a constructive role in Argentina’s negotiations with the International Monetary Fund.

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Wed, 16 Sep 2020 06:20:00 UTC

Spain asks Venezuela to offer “democratic guarantees” in parliamentary elections

The guarantees must be agreed upon by Venezuelans themselves and if those guarantees are provided, the Spanish government would back the electoral process, minister González Laya said. The Spanish government has asked the Venezuelan authorities to offer ‘democratic guarantees’ in the upcoming parliamentary elections, Foreign Minister Arancha Gonzalez Laya said.

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Tue, 15 Sep 2020 09:40:00 UTC

AstraZeneca Oxford University Covid-19 vaccine trials resume in Brazil

The Federal University of Sao Paulo, which is running the trials, said in a statement that 4,600 of the planned 5,000 volunteers have been vaccinated in Brazil Clinical trials for the coronavirus vaccine being developed by AstraZeneca PLC and Oxford University resumed in Brazil on Monday after the country’s health regulator got confirmation over the weekend that its British equivalent MHRA had approved the restart, a company representative said.

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Tue, 15 Sep 2020 09:19:00 UTC

Ecological disaster: fires destroying Brazil's wetlands suffering the worst drought in 47 years

The fires, often set by ranchers and farmers to clear land but exacerbated by the most severe drought in 47 years, are out of control, authorities say. Fires are raging in the wetlands of west-central Brazil, leaving behind a vast swath of charred ruins in a paradise of biodiversity. The enormous fires have destroyed nearly 12% of the world’s largest tropical wetland, partially reducing to ashes one of the most biologically diverse ecosystems on the planet.

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