Brasil Investment Forum 2019

The Brazilian Government and the Inter-American Development Bank (IDB) invite to join the Brasil Investment Forum – BIF 2019, to be held on October 10 and 11, 2019, at the World Trade Center, in São Paulo, Brazil.

Download invitation here: Invitation

CEPAL: Economic Survey of Latin America and the Caribbean 2019. The new global financial context: effects and transmission mechanisms in the region

JULY 2019|FLAGSHIPS » ECONOMIC SURVEY OF LATIN AMERICA AND THE CARIBBEAN

DESCRIPTION

The 2019 edition of the Economic Survey of Latin America and the Caribbean consists of three parts. Part I outlines the region’s economic performance in 2018 and analyses trends in the early months of 2019, as well as the outlook for the rest of the year. It examines the external and domestic factors that have influenced the region’s economic performance, analyses the characteristics of economic growth, prices and the labour market. It also draws attention to some of the macroeconomic policy challenges, given that there is less space to implement such policies against a backdrop of continuing low economic growth, a high degree of uncertainty and an increasingly complex international scenario.
Part II of this edition analyses the changes in the international financial system following the global financial crisis of 2007–2008. The changes observed are in response to, inter alia, the impact this crisis had on the structure and functioning of the global financial system, as well as quantitative easing policies implemented in developed countries to address the effects of the crisis on the financial and real sectors of their economies.
Part III of this publication may be accessed on the website of the Economic Commission for Latin America and the Caribbean (http://www.eclac.org/). …. (read more)

The IMF compares Paraguay with Switzerland

En los últimos 15 años, Paraguay ha sido una de las economías con crecimiento más rápido de Sudamérica, lo que ha permitido reducir los niveles de pobreza del país de un 58% en 2002 al actual 26%, según se destaca en un informe elaborado por los expertos del Fondo Monetario Internacional (FMI), Bas Bakker y Natasha Che.

El crecimiento del PIB real fue de más de un 4,5% anual, muy superior al promedio de 1¾% correspondiente a América Latina en conjunto. Además, el ingreso per cápita aumentó de USD 1.300 en 2002 a casi USD 6.000 en 2018. … https://www.macrofinanzas.com.py/fmi-compara-paraguay-suiza/

Also refer to: Embajada Paraguay 20190725

New Honorary Ambassador for the Chamber

We are delighted to announce the appointment of Philippe G. Nell as Honorary Ambassador for the Latin American Chamber of Commerce in Switzerland. The decision has been taken by the board of directors of the Chamber at its June 27, 2019 meeting.

 The Chamber will benefit from Philippe G. Nell’s significant know-how, extensive network and knowledge. He will contribute to the mission of the Chamber by further strengthening Swiss-Latin American economic relations. Philippe G. Nell has been very active in this field during the past 15 years for the Swiss government as Minister and Head of the Americas Unit at the State Secretariat for Economic Affairs, a position from which he will be retiring this fall.

Philippe Nell, diplomate.

New Board Members and President

We would like to advise that Dr. Richard Friedl, our long standing President of Latcam has resigned after many years of dedication and commitment to the Chamber.  He has stepped down as president, however, we are delighted to inform you that he will continue as a board member going forward.  We would like to thank Richard for his devotion, enthusiasm and hard work as president of the chamber.  We are also delighted to announce that, Ramon Esteve, who has been for many years  Vice President of the Chamber has graciously accepted to take on the position as President and was elected by the Board at our annual Board meeting last June 27.

We would also like to announce that Ernst von Mecklenburg, also a long standing board member and previous Treasurer, has kindly agreed to step in to replace Claudio Böttcher who, after many years of commitment as Treasurer, is stepping down.  We would like to take this opportunity to thank Claudio for his many years of loyalty and devotion to the Chamber.

At the board meeting, new board members were elected and we would like to welcome them to the Chamber board and thank them for their support.

  • Manfred Ebling, Zurich Insurance Company who replaced Claudio Böttcher
  • Daniel Clavijo, Credit Suisse who joined the Board last August substituting Sandra Seoane,
  • Franz Kunz, Swiss Life
  • Gabriela Lippe-Holst, Acqupart Holding AG

SEMIANNUAL REPORT • OFFICE OF THE REGIONAL CHIEF ECONOMIST • APRIL 2019

SEMIANNUAL REPORT • OFFICE OF THE REGIONAL CHIEF ECONOMIST • APRIL 2019
published by The World Bank
See Link

Switzerland – Latin America: Economic Relations Report 2019 by SECO

Report on the Bilateral Economic Relations between Switzerland and Latin America 2019 published by The State Secretariat for Economic Affairs (SECO).

Click here for the report Link

Linda Walker nominated Vice-President of LATCAM

Linda Walker von Graffenried was nominated Vice-President of the Latin American Chamber of Commerce in Switzerland (Latcam) as of December 1, 2018. Linda Walker has been linked as an active member of the chamber for many years. She is founder and managing partner of Walker von Graffenried Asset Management, and Honorary Consul of Mexico in Zurich. The Board welcomes Linda Walker in her new Position.

Linda Walker replaces Melina von Dungen, Zürcher Kantonalbank who served as Vice-President of the Board since 2016.

The Board thanks Melina von Dungen for the many years she served on the Board of LATCAM and for her very active engagement and continuous support. Melina von Dungen led for various years the Junta Joven Chapter. Melina von Dungen left the Board as she was assigned new responsibilities within Zürcher Kantonalbank.

… to read full note click here

EFTA countries sign free trade agreement with Ecuador

SECO press release (free translation)

Bern, 25.06.2018 – On the occasion of the EFTA Ministerial Meeting in Saudarkrokur, Iceland, Federal Councilor Johann N. Schneider-Ammann and his counterparts from Iceland and Norway as well as the Liechtenstein Minister for Foreign Affairs, Justice and Culture have signed a free trade agreement with Ecuador. On the Ecuadorian side, Foreign Trade Minister Pablo Campana Sáenz signed his agreement. The economic and trade relations between the EFTA states (Iceland, Liechtenstein, Norway, Switzerland) and Ecuador should be strengthened thanks to this free trade agreement.

The Free Trade Agreement (FTA) with Ecuador covers many sectors. It improves market access and legal certainty for trade in goods (industrial and agricultural products), trade in services, investment and public procurement. It also includes provisions to protect intellectual property, reduce non-tariff barriers to trade, including sanitary and phytosanitary measures, competition, trade facilitation, trade and sustainable development.

The EFTA States benefit from the abolition of customs duties from the entry into force of the FTA or the expiry of transitional periods for all industrial products. In addition, Ecuador will grant reductions or elimination of customs duties on certain agricultural export products of importance to Switzerland.

Ecuador has significant growth potential that Swiss economic operators will be able to exploit thanks to this agreement. In 2017, Ecuador was Switzerland’s sixth largest trading partner in South America.

The agreement with Ecuador allows the EFTA States to strengthen their economic and trade relations with this partner and to avoid any discrimination in the Ecuadorian market as a result of the FTA that entered into force on 1 January 2017 between Ecuador and the EU.

OECD Guidelines for Multinational Enterprises (OECD-GL)

SECO supports Swiss companies in their corporate social responsibility (CSR). It draws attention to the new brochure “OECD Guidelines for Multinational Enterprises in Practice“.

The Confederation expects Swiss companies to assume their responsibilities in accordance with internationally recognized CSR standards, such as the OECD-GL, in all their activities both at home and abroad. Through their implementation, companies and their value chains make a positive contribution to economic, ecological and social progress worldwide. The OECD-GL cover the disclosure of information, human rights (based, inter alia, on the UN Guiding Principles on Business and Human Rights), working conditions, the environment, the fight against corruption, consumer interests, etc.

Using examples from the field, the brochure shows how companies can create business benefits and avoid or minimize the potential negative impact of their activities by applying the OECD-GL. A short self-test allows an assessment of the current implementation of the OECD-GL by a company. The brochure also presents the National Contact Point for the OECD-GL, a dialogue platform and out-of-court dispute resolution body whose secretariat is located in the SECO. It also point out that on 31st May 2018, the OECD published a practice-oriented manual for due diligence on companies which has a broad international scope, within others, supported by the UN.

The German, French and English versions of the brochure can be found on the CSR web portal of the Federal Government: www.csr.admin.ch.