Latin America Update: December 21, 2011
It’s Raining Fish in Honduras
Legend has it that it rains fish in Honduras. It’s rumored that this phenomenon has been occurring for more than a century on a yearly basis between May and July. Dark clouds appear followed by heavy rain and hundreds of living fish on the ground. Beats paying $27.95 at Red Lobster.
Peru Gets Ready for 2012
Seven (7) free trade agreements signed by Peru with the European Union, Japan, Thailand, Mexico, Panama, Guatemala and Costa Rica will take effect in 2012.
Paraguay Blocks Venezuela’s Acceptance into Mercosur
Paraguay (pop 6.4M) continues to block Venezuela’s acceptance into Mercosur citing anti-democratic policies of the nation led by Hugo Chavez. Mercosur (Southern Common Market) is an economic and political agreement promoting free trade among Argentina, Brazil, Paraguay and Uruguay.
Record Q3 Growth in Colombia
Internal consumption, mining, construction, private & public spending, and foreign investment are responsible for some of the best economic growth data seen in Colombia during the past 4 years.