Industries and markets

Brazil: Camex zeroes import tax for list of capital and computer goods

On June 24th, Resolution No. 55 was published which reduces the Import Tax rate on capital goods and information technology to zero. About 311 products were included as “Ex-tariff”. The Resolution also revokes 11 Ex-tariff

Argentina’s economy contracted 5,4% and unemployment reaches 10,4% in first quarter

“Argentina already mired in recession for two years, and with a stagnant economy since 2012, faces an even deeper economic contraction ahead, with economists forecasting a full-year drop of over 10% after authorities imposed a

Colombia’s economic reactivation: ‘Black Friday’ in midst of pandemic

“A plan of Colombia’s President Ivan Duque to reactivate the economy turned into an epidemiological nightmare as crowds gathered at large retailers in the midst of a pandemic on Friday, the first of three days

Mexican president’s plan to meet with Trump draws criticism

“López Obrador said he wants to make his first trip abroad in the first week of July to mark the start of the new U.S.-Mexico-Canada free trade accord, which was negotiated with the Trump administration.”

Peru giving up on virus measures in face of sinking economy

“Peru — which has reported the world’s sixth-highest number of cases in a population of just 32 million — has decided to ignore scientific warnings and opened many of the country’s largest shopping malls this

Brazil launches selective debt relief program for company and citizen

Because of its experience with economic crises, Brazil has introduced debt relief programs in the past. A pre-Covid-19 installed relief programs is called “Refis in Crisis” (Refis = Recuperacao Fiscal, financial recuperation ). Now, in

Canada, US and Mexico extend border restrictions to July 21

“And essential cross-border workers like healthcare professionals, airline crews and truck drivers are still permitted to cross. Truck drivers are critical as they move food and medical goods in both directions. Much of Canada’s food

Peru posts worst-ever drop in GDP as mine output falls sharply

“Peru´s economic activity sank 40.49% year-on-year in April, its worst-ever percentage drop in output, as a national lockdown to combat the coronavirus slammed the brakes on industry across the South American nation, the government said

Mexico limits stimulus spending despite millions falling into poverty

“While other nations have passed big stimulus packages or offered tax breaks to help companies stay afloat and preserve jobs, President López Obrador’s main response has been to offer loans to microbusiness owners such as

Brazil: RFB suspends automatic installment

Brazil`s Receita Federal (RFB) has suspended the automatic debits of installment payments due in May, June and July 2020 were suspended in compliance with Ordinance ME nº 201, of May 11, 2020. The Deadlines for