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South America News

Paraguay Becomes Second South American Nation To Ratify TFA

by Mike Godfrey,, Washington

Monday, March 7, 2016

Paraguay ratified the World Trade Organization's Trade Facilitation Agreement on March 1, 2016, becoming the 70th WTO member – and the second South American member after Guyana – to do so.

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EU Challenges Colombia's Alcohol Tax Rules

by Ulrika Lomas,, Brussels

Friday, January 15, 2016

The European Union on January 13, 2016, notified the World Trade Organization Secretariat that it has initiated a WTO dispute proceeding against Colombia regarding the South American country's taxation of spirits. Read Full Story


Panama Canal Sets New Traffic Record

by Mike Godfrey,, Washington

Thursday, November 26, 2015

Following the close of its 2015 fiscal year, the Panama Canal Authority announced on October 9 that it set a new tonnage record, after welcoming 340.8 million Panama Canal tons through the Canal – a 4.3 percent year-on-year increase. Read Full Story


China, Colombia Launch Free Trade Talks

by Mike Godfrey,, Washington

Monday, May 25, 2015

China and Colombia have expressed an interest in signing a bilateral free trade agreement. Read Full Story


Peruvian Tax Hikes Should Balance Planned CIT Cuts: IMF

by Mike Godfrey,, Washington

Monday, April 6, 2015

The International Monetary Fund has welcomed Peru's decision to reduce the corporate income tax rate but said that the move should be accompanied by a broadening of the tax base. Read Full Story


South Korea To Use FTAs To Boost Growth In 2015

by Mary Swire,, Hong Kong

Friday, January 23, 2015

South Korea's Deputy Prime Minister and Minister of Strategy and Finance, Choi Kyung-hwan, has confirmed that South Korea will use its free trade agreements with other countries to shore up the nation's economic growth potential. Read Full Story


Business To Study Potential US-Brazil FTA

by Mike Godfrey,, Washington

Monday, November 17, 2014

On November 11, the Brazil-US Business Council signed a Cooperation Agreement with the Brazilian National Confederation of Industry to conduct studies on a potential free trade agreement between the two countries and report back to both Governments on their findings. Read Full Story


Colombia-Peru-EU FTA Closer To Full Implementation

by Mike Godfrey,, Washington

Tuesday, November 11, 2014

Colombia's Foreign Ministry announced on November 6, 2014, that the country has completed the domestic procedures necessary to fully implement a free trade agreement with the European Union and Peru. Read Full Story


Paraguay Reports Steady Increase In Online Tax Payments

by Mike Godfrey,, Washington

Thursday, October 16, 2014

Taxpayers in Paraguay are increasingly taking to the internet to pay their taxes, according to a report from the country's tax department. Read Full Story


Hong Kong-Chile Free Trade Deal To Enter Into Force

by Mary Swire,, Hong Kong

Tuesday, October 7, 2014

The free trade agreement between Hong Kong and Chile, which was originally signed on September 7, 2012, enters into force on October 9, 2014. Read Full Story



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