It's the Law.AGRICULTURE Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. created a registry for importers of animal products and derivatives for human and animal consumption or for industrial use. The government said free trade agreements have increased the flow of such products into the country, which raised the incidents of cattle diseases in Costa Rica. FINANCIAL SERVICES The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Colombia issued a decree requiring all foreign finance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. institutions that promote or advertise their services domestically to have an office in the country. The banking superintendent must approve all requests to open offices. Multilateral organizations and international development agencies are exempt. OIL & GAS Halliburton, a U.S. oil-industry supplier, said it resolved disputes with Petrobras, Brazil's state-run oil company, over developing the stalled Barracuda-Cataringa oil project. Halliburton previously won the US$2.50 billion construction and engineering contract to build the project. RETAIL Brazil passed a law requiring retailers to better display the prices on the goods they sell to consumers. Unless a bar code is present, labels must be used and be legible leg·i·ble adj. 1. Possible to read or decipher: legible handwriting. 2. Plainly discernible; apparent: legible weaknesses in character and disposition. . Establishments that use bar codes must make optical reading equipment available to the consumer to determine the price. TECHNOLOGY Brazil amended laws to scrap customs duties Tariffs or taxes payable on merchandise imported or exported from one country to another. Customs laws seek to equalize the charges imposed by other countries, furnish income for the federal government, and preserve the financial stability of domestic industries. on goods entering the country for scientific and technological research. The National Scientific and Cultural Development Council must approve products and services that can apply for the new customs breaks. TEXTILES Mexico will temporarily allow Colombia to use base materials not regulated by separate free trade terms between it, Colombia and Bolivia so that certain textile goods will receive a preferential tariff treatment upon entering Mexico. TRADE Chile established arbitration procedures for companies dealing with cross-border issues in the country. The system gives disputing parties an alternative to settle differences instead of relying on the public court system. SOURCE: National Law Center for Inter-American Free Trade (natlaw@natlaw.com); Translegal, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (translegal@earthlink.net), LATIN TRADE Latin Trade is a monthly magazine covering global business in Latin America and the Caribbean. Similar to Forbes and Fortune Magazine in coverage, the magazine was founded in 1993 and now publishes 87,000 copies 1 each month in Spanish, Portuguese, and English. |
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