Latin Trade.
Latin Trade
YOUR BUSINESS SOURCE FOR LATIN AMERICA
CONSENSUS FORECAST
'01 GDP '01 GDP '01 REAL GDP
US$ Billion Per Capita POPULATION % Change
US$ Million 2001 2002E
ARGENTINA 268.7 7,165 37.5 -4.4 -14.3
BRAZIL 503.7 2,913 172.9 1.5 1.6
CHILE 66.5 4,318 15.4 2.8 2.7
COLOMBIA 82.4 1,913 43.1 1.4 1.4
ECUADOR 14.4 1,119 12.9 5.6 3.0
MEXICO 618.2 6,157 100.4 -0.3 1.7
PERU 54.0 2,053 26.3 0.2 3.3
VENEZUELA 128.4 5,220 24.6 2.8 -4.8
REAL GDP INFLATION EXCHANGE RATES
% Change % Change End of Period
2003F 2001 2002E 2003F 2001 2002E
ARGENTINA 0.8 -1.5 83.3 52.9 1.00 5.13
BRAZIL 3.5 7.7 5.9 4.5 2.32 2.57
CHILE 4.7 2.6 2.6 2.9 661 673
COLOMBIA 2.9 9.0 6.4 5.8 2,278 2,513
ECUADOR 3.7 22.4 11.5 6.7 1.00 1.00
MEXICO 4.6 4.4 4.8 3.7 9.16 9.85
PERU 3.8 -0.1 1.6 2.4 3.44 3.54
VENEZUELA 1.2 12.3 31.9 25.0 758 1,475
EXCHANGE CURRENT ACCOUNT INT'L RESERVES
RATES
End of % of GDP US$ Billion
Period
2003F 2001 2002E 2003F 2001 2002E
ARGENTINA 6.38 -1.6 8.3 9.2 14.5 11.1
BRAZIL 2.70 -4.6 -3.9 -3.9 35.7 34.1
CHILE 678 -1.9 -1.4 -1.9 14.2 14.5
COLOMBIA 2,685 -2.0 -2.6 -3.0 10.2 10.1
ECUADOR 1.00 -4.3 -5.5 -4.8 0.8 1.2
MEXICO 10.22 -2.9 -2.3 -2.6 44.7 43.1
PERU 3.60 -2.2 -2.0 -2.4 8.7 9.0
VENEZUELA 1,735 3.4 4.5 4.1 9.2 13.2
INT'L EXPORTS IMPORTS
RESERVES
US$ US$ Billion US$ Billion
Billion
2003F 2001 2002E 2003F 2001 2002E
ARGENTINA 12.1 26.7 26.8 29.1 20.3 11.6
BRAZIL 31.5 58.2 56.6 60.4 55.6 51.7
CHILE 14.6 18.5 19.2 21.0 17.8 17.6
COLOMBIA 10.3 12.3 12.5 13.4 12.8 12.5
ECUADOR 1.4 4.6 4.6 5.0 5.4 5.7
MEXICO 46.5 158.5 164.4 180.6 168.3 173.7
PERU 9.4 7.1 7.4 7.8 7.2 7.3
VENEZUELA 14.3 27.4 25.1 24.4 16.2 14.7
IMPORTS
US$
Billion
2003F
ARGENTINA 12.9
BRAZIL 55.0
CHILE 19.6
COLOMBIA 13.7
ECUADOR 6.2
MEXICO 192.1
PERU 7.7
VENEZUELA 15.5
E=ESTIMATE
F=FORECAST
SOURCE: Banamex, BBVA, CS First Boston, Deutsche Bank, Goldman Sachs,
J.P. Morgan Chase, Merrill Lynch, Morgan Stanley, Santander Central
Hispano Investment, Salomon Smith Barney, UBS Warburg, LATIN TRADE
WINDOW TO THE WORLD
'01 GDP '01 GDP '01 REAL GDP
US$ Billion Per Capita POPULATION % Change
US$ Million 2001 2002E
UNITED STATES 10,082 35,044 287.7 0.3 2.3
JAPAN 4,177 32,918 126.9 -0.6 -0.4
GERMANY 1,858 22,671 82.0 0.6 0.7
UNITED KINGDOM 1,417 23,783 59.6 1.9 1.7
LATIN AMERICA 1,894 3,753 504.6 0.1 -1.2
EUROPEAN UNION 6,633 22,638 293.0 1.5 1.2
ASIA PACIFIC 1.0 1.9
EASTERN EUROPE 1.6 3.1
REAL GDP INFLATION CURRENT
ACCOUNT
% Change % Change US$
Billion
2003F 2001 2002E 2003F 2001
UNITED STATES 3.1 2.8 1.6 2.4 -393.0
JAPAN 1.1 -0.7 -1.0 -0.6 88.9
GERMANY 2.2 2.5 1.4 1.5 2.4
UNITED KINGDOM 2.7 2.1 2.1 2.3 -29.5
LATIN AMERICA 3.0 5.2 19.4 12.2 -49.8
EUROPEAN UNION 2.5 2.5 2.1 1.9 -1.3
ASIA PACIFIC 2.8 0.5 0.0 0.4 174.0
EASTERN EUROPE 4.1 22.4 18.2 14.1 19.6
CURRENT ACCOUNT
US$ Billion
2002E 2003F
UNITED STATES -480.0 -516.0
JAPAN 116.0 119.0
GERMANY 19.1 15.5
UNITED KINGDOM -32.5 -35.3
LATIN AMERICA -34.3 -37.3
EUROPEAN UNION 17.1 16.9
ASIA PACIFIC 189.0 181.0
EASTERN EUROPE 1.7 -5.6
E=ESTIMATE
F=FORECAST
SOURCE: Consensus Economics; www.consensuseconomics.com
PRONOSTICO DE CONSENSO
PIB 2001 PIB 2001 2001 PIB REAL
US$ miles Per capita POBLACION cambi o %
de millones US$ Millones 2001 2002E
ARGENTINA 268.7 7,165 37.5 -4.4 -14.3
BRASIL 503.7 2,913 172.9 1.5 1.6
CHILE 66.5 4,318 15.4 2.8 2.7
COLOMBIA 82.4 1,913 43.1 1.4 1.4
ECUADOR 14.4 1,119 12.9 5.6 3.0
MEXICO 618.2 6,157 100.4 -0.3 1.7
PERU 54.0 2,053 26.3 0.2 3.3
VENEZUELA 128.4 5,220 24.6 2.8 -4.8
PIB REAL INFLACION TASA CAMBIARIA
cambi o % cambi o % Final del periodo
2003P 2001 2002E 2003P 2001 2002E
ARGENTINA 0.8 -1.5 83.3 52.9 1.00 5.13
BRASIL 3.5 7.7 5.9 4.5 2.32 2.57
CHILE 4.7 2.6 2.6 2.9 661 673
COLOMBIA 2.9 9.0 6.4 5.8 2,278 2,513
ECUADOR 3.7 22.4 11.5 6.7 1.00 1.00
MEXICO 4.6 4.4 4.8 3.7 9.16 9.85
PERU 3.8 -0.1 1.6 2.4 3.44 3.54
VENEZUELA 1.2 12.3 31.9 25.0 758 1,475
TASA CUENTA CORRIENTE RESERVAS
CAMBIARIA
Final del % del PIB US$ miles de millones
periodo
2003P 2001 2002E 2003P 2001 2002E
ARGENTINA 6.38 -1.6 8.3 9.2 14.5 11.1
BRASIL 2.70 -4.6 -3.9 -3.9 35.7 34.1
CHILE 678 -1.9 -1.4 -1.9 14.2 14.5
COLOMBIA 2,685 -2.0 -2.6 -3.0 10.2 10.1
ECUADOR 100 -4.3 -5.5 -4.8 0.8 1.2
MEXICO 10.22 -2.9 -2.3 -2.6 44.7 43.1
PERU 3.60 -2.2 -2.0 -2.4 8.7 9.0
VENEZUELA 1,735 3.4 4.5 4.1 9.2 13.2
RESERVAS EXPORTACIONES IMPORTACIO
NES
US$ miles US$ miles de millones US$ miles
de de
millones millones
2003P 2001 2002E 2003P 2001
ARGENTINA 12.1 26.7 26.8 29.1 20.3
BRASIL 31.5 58.2 56.6 60.4 55.6
CHILE 14.6 18.5 19.2 21.0 17.8
COLOMBIA 10.3 12.3 12.5 13.4 12.8
ECUADOR 1.4 4.6 4.6 5.0 5.4
MEXICO 46.5 158.5 164.4 180.6 168.3
PERU 9.4 7.1 7.4 7.8 7.2
VENEZUELA 14.3 27.4 25.1 24.4 16.2
IMPORTACIONES
US$ miles de millones
2002E 2003P
ARGENTINA 11.6 12.9
BRASIL 51.7 55.0
CHILE 17.6 19.6
COLOMBIA 12.5 13.7
ECUADOR 5.7 6.2
MEXICO 173.7 192.1
PERU 7.3 7.7
VENEZUELA 14.7 15.5
E= ESTIMADO
P= PRONOSTICO
FUENTE: Banamex, BBVA, CS First Boston, Deutsche Bank, Goldman Sachs,
J.P. Morgan Chase, Merrill Lynch, Morgan Stanley, Santander Central
Hispano Investment, Salomon Smith Barney, UBS Warburg, LATIN TRADE
VENTANA AL MUNDO
PIB 2001 PIB 2001 2001 PIB REAL
US$ miles Per capita POBLACION cambio %
de millones US$ Millones 2001 2002E
ESTADOS UNIDOS 10,082 35,044 287.7 0.3 2.3
JAPON 4,177 32,918 126.9 -0.6 -0.4
ALEMANIA 1,858 22,671 82.0 0.6 0.7
GRAN BRETANA 1,417 23,783 59.6 1.9 1.7
AMERICA LATINA 1,894 3,753 504.6 0.1 -1.2
UNION EUROPEA 6,633 22,638 293.0 1.5 1.2
ASIA PACIFICO 1.0 1.9
EUROPA ORIENTAL 1.6 3.1
PIB REAL INFLACION CUENTA
CORRIENTE
cambio % cambio % US$ miles
de
millones
2003P 2001 2002E 2003P 2001
ESTADOS UNIDOS 3.1 2.8 1.6 2.4 -393.0
JAPON 1.1 -0.7 -1.0 -0.6 88.9
ALEMANIA 2.2 2.5 1.4 1.5 2.4
GRAN BRETANA 2.7 2.1 2.1 2.3 -29.5
AMERICA LATINA 3.0 5.2 19.4 12.2 -49.8
UNION EUROPEA 2.5 2.5 2.1 1.9 -1.3
ASIA PACIFICO 2.8 0.5 0.0 0.4 174.0
EUROPA ORIENTAL 4.1 22.4 18.2 14.1 19.6
CUENTA CORRIENTE
US$ miles de millones
2002E 2003P
ESTADOS UNIDOS -480.0 -516.0
JAPON 116.0 119.0
ALEMANIA 19.1 15.5
GRAN BRETANA -32.5 -35.3
AMERICA LATINA -34.3 -37.3
UNION EUROPEA 17.1 16.9
ASIA PACIFICO 189.0 181.0
EUROPA ORIENTAL 1.7 -5.6
E= ESTIMADO
P= PRONOSTICO
FUENTE: Consensus Economics; www.consensuseconomics.com
MEXICO Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. Southern Access: Mexico strengthens trade with Mercosur Mercosur or Mercosul, officially the Common Market of the South, Latin American trade organization established in 1991 to increase economic cooperation among the countries of E South America. partners by 2003. Automakers integrate Mexico with Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. and Argentina. Pemex Pride: Nationalized oil industry to open to foreign investors; billions may pour into service contracts, petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. plants and natural gas development. Electric Reform: Will investors build power plants without privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of electric companies? Legislative Change: Congressional elections in July 2003 challenge PRI's 40% control of lower house--344 of 500 seats up for grabs. ARGENTINA Jumping the Gun: President Duhalde fast-forwards elections to March 2003--six months early--and he cannot run again. Playing Hardball hard·ball n. 1. Baseball. 2. Informal The use of any means, however ruthless, to attain an objective. hardball Noun US & Canad 1. : The government pitches banking and tax reforms but IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). won't budge. Energetic Foreigners Foreigners alienage the condition of being an alien. androlepsy Law. the seizure of foreign subjects to enforce a claim for justice or other right against their nation. gypsyologist, gipsyologist Rare. : Brazil's AmBev and Petrobras buy Argentine companies This article intends to list the most important companies of Argentina. Food
Phone Home, Please: Investment in recession-proof telecom business slows to US$200 million in 2002, down from $2 billion annually for the past 12 years. COLOMBIA Counterinsurgency coun·ter·in·sur·gen·cy n. Political and military strategy or action intended to oppose and forcefully suppress insurgency. coun Campaign: President Uribe launches massive effort against rebel armies. Can he win the war? War Chest: Doubling security forces costs US$1 billion a year. Tax increases, as well as U.S. aid, soften damage to $27 billion annual budget. Politicians Panic: Colombians vote in November whether to cut 118 seats in Congress, curtail cur·tail tr.v. cur·tailed, cur·tail·ing, cur·tails To cut short or reduce. See Synonyms at shorten. [Middle English curtailen, to restrict authority and cap salaries. PERU Peru, country, South America Peru (pər  `), Span. Perú (pār Poll Position: President Toledo promises to pay for increased public spending with tax hikes. Populism populism Political program or movement that champions the common person, usually by favourable contrast with an elite. Populism usually combines elements of the left and right, opposing large business and financial interests but also frequently being hostile to established or sound economic policy? Privatization Pause: Protests halt US$700 million sales of state power companies, contributing to a budget deficit equal to about 2.2% of GDP GDP (guanosine diphosphate): see guanine. in 2002. Trade Triumph: Renewed U.S.-Andean trade deal boosts exports, generating thousands of jobs. CENTRAL AMERICA Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. AND CARIBBEAN Real deal? 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. , El Salvador El Salvador (ĕl sälväthōr`), officially Republic of El Salvador, republic (2005 est. pop. 6,705,000), 8,260 sq mi (21,393 sq km), Central America. , Guatemala, Honduras and Nicaragua seek a free-trade agreement with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by 2005. Mesoamerican Maze maze, detail of landscape gardening based on the Greek labyrinth, consisting of intricate paths or alleys lined with high hedges and having a center and exit difficult to find. It was a prominent feature in the formal English gardens of the 17th and 18th cent. : US$4 billion Puebla-Panama Plan The Puebla-Panama Plan (Spanish: Plan Puebla Panamá, acronym PPP) is a multi-billion dollar development plan formally initiated in 2001, which is intended to "promote the regional integration and development" [1] links upgraded highways, ports and airports through Mexico and Central America. Protesters line road to integration. Pipe Dream: Trinidad plans to supply natural gas to Caribbean but low demand may cause profit leak (programming) leak - With a qualifier, one of a class of resource-management bugs that occur when resources are not freed properly after operations on them are finished, so they effectively disappear (leak out). This leads to eventual exhaustion as new allocation requests come in. . BRAZIL Power Elections: Brazilians elect president, all 27 governors, entire Chamber of Deputies and two-thirds of Senate in October 2002. Financing Fix: IMF grants record US$30 billion rescue package to get past elections, but new government needs permanent fix for US$264 billion public debt, equal to more than 55% of GDP. FTAA FTAA Free Trade Area of the Americas FTAA Free Trade Agreement of the Americas FTAA Florida Turkish American Association FTAA Federated Tanners Association of Australia FTAA Fixed Threshold Adaptation Algorithm Phony: Brazilian president makes or breaks Americas' free trade area. United States warned it must drop protectionist pro·tec·tion·ism n. The advocacy, system, or theory of protecting domestic producers by impeding or limiting, as by tariffs or quotas, the importation of foreign goods and services. policies in steel and agriculture. Outbound out·bound adj. Outward bound; headed away: outbound trains. Adj. 1. outbound - that is going out or leaving; "the departing train"; "an outward journey"; "outward-bound ships" Brazil: Brazil builds corporate dominance with big buys in neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. countries. VENEZUELA Confidence Cutback cut·back n. 1. A decrease; a curtailment: "The political effects of food cutbacks could be devastating" New York Times. 2. : Political polarization polarization Property of certain types of electromagnetic radiation in which the direction and magnitude of the vibrating electric field are related in a specified way. meets economic paralysis paralysis or palsy (pôl`zē), complete loss or impairment of the ability to use voluntary muscles, usually as the result of a disorder of the nervous system. . Will president change the country or the country change presidents? Petroleum Push: State-run Pdvsa teams with ExxonMobil and Royal Dutch/Shell to invest almost US$6 billion in oil and gas projects. Tax Talk: Soaring soaring: see flight; glider. soaring or gliding Sport of flying a glider or sailplane. The craft is towed behind a powered airplane to an altitude of about 2,000 ft (600 m) and then released. public deficit, 5.9% of GDP, needs fix; tax hike plans may fall short. CHILE Export Experts: President Lagos looks to seal deal with United States following European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community success. Chile gains global access. Copper Cop-out: World's No. 1 copper miner cuts output as prices wane. Global demand keeps prices and supply low until late 2003. Buy, Buy, Buy: Low interest rates boost the region's economic growth leader in 2003. Chileans head to Argentina on shopping sprees. ECUADOR Presidential Aide: Presidential elections in October 2002--new chief executive must cut public sector spending to score US$240 million in IMF aid for 2002. Andean Alliance: Partnering with Chile boosts farm exports to European Union and Asia. Exploring Profits: Oil concessions, currently 37% of $4.6 billion in total exports, fuel export growth. REST OF SOUTH AMERICA South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. Return of EL Goni: Bolivian President Sanchez de Lozada promises gas pipeline to Pacific and free trade with the United States. Can he deliver? Upset in Uruguay: Government must shore up foreign and government finances, solve banking crisis and fix corporate debt. Peeved peeve tr.v. peeved, peev·ing, peeves To cause to be annoyed or resentful. See Synonyms at annoy. n. 1. A vexation; a grievance. 2. Paraguayans: Slow growth, unemployment and corruption--watch for protest vote in presidential elections in April 2003. MEXICO Proa al sur: Fortalece lazos con el Mercosur en 2003. Los fabricantes de autos integran a Mexico con Brasil y Argentina. El orgullo de Pemex: El sector petrolero estatal se abrira a la inversion inversion /in·ver·sion/ (in-ver´zhun) 1. a turning inward, inside out, or other reversal of the normal relation of a part. 2. a term used by Freud for homosexuality. 3. foranea, con miles de millones en posibles inversiones. Reforma electrica: ?Se construiran generadoras sin una privatizacion del sector electrico? Cambio legislativo: Las etecciones al Congreso en julio de 2003 amenazan el control del 40% que tiene el PRI PRI: see Institutional Revolutionary party. (Primary Rate Interface) An ISDN service that provides 23 64 Kbps B (Bearer) channels and one 64 Kbps D (Data) channel (23B+D), which is equivalent to the 24 channels of a T1 line. en la camara baja; van a votacion 344 de 500 escanos. ARGENTINA Pasen el balon: Et presidente Duhalde adelanta las elecciones seis meses, a marzo de 2003 y no se puede postular. Al duro: El gobierno promulga reformas bancarias y fiscales, pero el FMI FMI Fondo Monetario Internacional (Spanish: International Monetary Fund) FMI Fonds Monétaire International FMI For More Information FMI Food Marketing Institute FMI Fundo Monetário Internacional no cede. Invasion extranjera: Las brasilenas AmBev y Petrobras compraron barato grandes firmas argentinas. ?Cuanto pasara antes an·te n. 1. Games The stake that each poker player must put into the pool before receiving a hand or before receiving new cards. See Synonyms at bet. 2. que otros lleguen en busca de gangas? !Socorro!: La inversion en las telecomunicaciones baja a US$200 millones en 2002, mucho menos de los US$2,000 anuales de los ultimos 12 anos. COLOMBIA Contra contra Member of a counterrevolutionary force that sought to overthrow Nicaragua's left-wing Sandinista government. The original contras had been National Guardsmen during the regime of Anastasio Somoza (see Somoza family). The U.S. la insurgencia: El presidente Uribe inicia una fuerte ofensiva contra los rebeldes. ?Ganara la guerra? El costo de la guerra: Duplicar las fuerzas de seguridad cuesta cuesta (kwĕs`tə), asymmetric ridge characterized by a short, steep escarpment on one side, and a long, gentle slope on the other. The steep side exposes the edge of erosion-resistant rock layers that form the cuestas. US$1,000 millones at ano. Las alzas de impuestos, asi como la ayuda y equipos de Estados Unidos, reducen la hemorragia en un presupuesto anual de US$27,000 millones. Politicos presa del panico: En noviembre se votara sobre una reforma politica Politica is the undergraduate journal of the Department of Political Science at the University of California, Berkeley. Politica solicits original student essays on topics broadly political. para eliminar 118 escanos, reducir la autoridad y limitar salarios y prestaciones en el Congreso. PERU Mas tributos: El presidente Toledo promete costear el aumento del gasto publico con un alza de impuestos. ?Populismo o estrategia economica inteligente? Pausa a la privatizacion: Las protestas detienen la venta
Triunfo comercial: El renovado convenio comercial entre Estados Unidos y los paises andinos impulsa las exportaciones y genera genera, in taxonomy: see classification. miles de empleos en el sector textil. CENTROAMERICA Y EL CARIBE A toda velocidad: Costa Rica, El Salvador, Guatemala, Honduras y Nicaragua buscan un acuerdo de libre comercio con EU para el 2005. Laberinto: El Plan Puebla-Panama, de US$4,000 millones, une carreteras, puertos y aeropuertos en Mexico y Centroamerica. El camino de la integracion esta plagado de abstaculos. Conexion caribena: Trinidad planea un costoso gasoducto que la conectara al resto del Caribe, pero un consumo bajo podria resultar negativo. BRASIL A las urnas: La presidencia, 27 gobernaturas, la Camara de Diputados y dos tercios del Senado en octubre de 2002. Rescate: El FMI otorga US$30,000 millones para despues de las elecciones, pero hay que solucionar definitivamente una deuda de US$264,000 millones, mas del 55% del PIB. El ALCA: El presidente tiene en sus manos el destino del ALCA. Se advirtio a EU que debe eliminar aranceles at acero y la agricultura. A la conquista La Conquista is a big municipality in the Carazo department of Nicaragua. : Establece un dominio empresarial en Sudamerica con grandes compras. VENEZUELA Falta de confianza: La polarizacion politica y la paralisis economica llevan al pais a la confrontacion. ?Cambiara el presidente al pais cambiara et pais de presidente? Auge petrolero: La estatal Pdvsa se asocia con ExxonMobil y Royal Dutch Shell Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. It is one of the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product para invertir casi US$6,000 millones en proyectos de petroleo y gas. ?Mas impuestos?: Hay que solucionar el deficit publico, igual at 5.9% del PIB; las propuestas de alza fiscal podrian ser insuficientes. CHILE Mas pactos: El presidente Lagos quiere un acuerdo con Estados Unidos tras su exito con la Union Europea. Chile se internacionaliza. Batiendo el cobre: El mayor productor de cobre del mundo reduce la produccion ante los bajos Los Bajos is a small village on northern shore of Llanquihue Lake, in the Los Lagos Region of Chile. precios. La demanda internacional mantiene los precios y la oferta bajos hasta finales de 2003. De compras: Los bajos intereses impulsan el consumo y generan el crecimiento economico mas alto de America Latina en 2003. Los chilenos se van de compras a Argentina. ECUADOR Decisiones: Elecciones presidenciales en octubre de 2002. El nuevo mandatario debe reducir el gasto publico para conseguir US$240 millones del FMI en 2002. Alianza andina: Asociacion con Chile aumenta la exportacion de productos del agro a la Union Europea y Asia. Ganancias petroleras: Las concesiones aumentan las exportaciones petroleras. que son el 37% del total de exportaciones de US$4,600 millones. RESTO DE SUDAMERICA El regreso de Goni: El presidente de Bolivia, Sanchez de Lozada, promete un gasoducto al Pacifico y libre comercio con Estados Unidos. ?Cumplira? Malestar en Uruguay: La crisis macroeconomica golpea. El gobierno debe reforzar el financiamiento extranjero y estatal, resolver la crisis bancaria y solucionar la deuda empresarial. Paraguayos irritados: Lento len·to Music adv. & adj. In a slow tempo. Used chiefly as a direction. n. pl. len·tos A lento passage or movement. crecimiento, falta de empleo y corrupcion. Habra voto de protesta en las elecciones presidenciales de abril de 2003. |
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