Post by account_disabled on Mar 10, 2024 3:25:25 GMT
The Pacific Alliance is positioned as a key space for cooperation and integration in the commercial and economic activity of Latin America, despite the forecasts of deceleration of the economy in the region; Chile, Colombia, Mexico and Peru, whose incomes certainly show the decline in the raw materials market, however, also have numerous strengths for the future: in addition to their young markets with a growing middle class, which totals more than 220 million people in total, also offer a dynamic business panorama, and commitment to commercial and cultural opening to the outside, currently representing half of Latin America's trade, and attracting as a whole 45% of direct external investment.
On the other hand, conversations about the Trans-Pacific Partnership, and the planned incorporation of Costa Rica and Panama in the future, add more interest to those global entrepreneurs who are considering taking advantage of business opportunities in this region, opportunities that are already available. attracting the attention of companies from numerous countries. Among the sectors to observe, it is worth highlighting the mining, metalworking and manufacturing sector, energy production and supply, social and transportation infrastructure, agroindustrial sector and forestry resources, automotive sector, financial services and tourism.
Chile , the smallest of the bloc's Ecuador Mobile Number List markets, nevertheless has one of the most notable economies in Latin America due to its dynamism, institutional, social and political stability, and its history of openness to imports, investment and business initiative, in addition to a solid and effective financial sector, and one of the most extensive networks of trade agreements in the world. On the other hand, it has managed to carry out careful management of public finances and keep public debt, the budget deficit and institutional corruption at low levels thanks to strong and transparent institutions, although increases are expected for spending on education, one of the sections of highest priority.
Of special interest is the mining sector, the main source of export income, and in particular technology and automation solutions for greater performance; alternative energies and everything related to energy production and efficiency, due to the high cost of supply in that country; fishing and agribusiness, especially wine and fruit and vegetable production, the construction sector and ICTs, the latter being particularly interesting in a country with a largely urban population and a qualified workforce, although marked inequalities persist in the distribution of income.
Colombia 's rapid growth in recent years has led it to establish itself as the third Latin American economy after Brazil and Mexico in the latest measurements; On the other hand, several advantages position this country as a destination of interest for the exploration of opportunities, such as an excellent geographical position with respect to its main trading partners, controlled inflation and reduction in the unemployment rate, a solid democracy, support to investors and various trade agreements with several countries, including those of the EU-28 group.
However, its economy is exposed to variations in demand for hydrocarbons, which constitute the main source of export income, and on the other hand, the challenges to public order and security due to the activity of guerrillas and criminal groups remain important. , although sustained efforts against crime and terrorism have managed to reduce their reach and influence.
The need for diversification of the economy to maintain the pace of growth raises several opportunities within sectors such as mining, hydroelectric and gas infrastructure, agri-food industry and floriculture, textile and clothing production; It is also worth highlighting the opportunities in technology and solutions in resource extraction and environmentally friendly production, in response to recent reforms of environmental regulations. Likewise, the large investments made for the development of infrastructure should continue to drive growth, job creation and demand for vehicles, among other areas of interest.
Mexico , the largest economy of the group, the main exporter of manufacturing in Latin America and one of the most attractive markets due to its size, and for the opportunities in manufacturing sectors such as metallurgy and metalworking, automobile assembly and production of automotive parts, household appliances, electronics , textiles, leather goods and footwear, food industry, mining and aerospace sector.
Despite the decline in production and export income from oil, a pillar of the economy, it is foreseeable that the positive economic data from the neighboring United States, together with the increase in costs in China, its main competitor, will be felt in various aspects of the economy. Mexican economy, such as the activity of export companies in a variety of sectors, the tourism sector and the flow of remittances from cross-border workers, as Mexico is one of the main global recipients.
On the other hand, efforts to boost investment and market opening should help foster commercial ties with other economies and reduce excessive dependence on relations with their NAFTA partners; However, several other vulnerabilities remain, such as a large submerged activity due to numerous difficulties in the regulatory framework, which significantly impacts the country's tax base and the creation of formal employment; high rates of poverty and inflation, high incidence of violent crimes, and the consequences of the activity of powerful drug trafficking mafias on citizen security, public organizations and business activity, especially impacting small self-employed workers and businesses.
Peru 's economic growth , one of the fastest in the region, and the country's macroeconomic stability has driven several changes in the functioning of the regulatory framework and institutions, creating a more favorable atmosphere for private investment and business activity, in addition of notable advances in family income levels and access to the middle class.
On the other hand, conversations about the Trans-Pacific Partnership, and the planned incorporation of Costa Rica and Panama in the future, add more interest to those global entrepreneurs who are considering taking advantage of business opportunities in this region, opportunities that are already available. attracting the attention of companies from numerous countries. Among the sectors to observe, it is worth highlighting the mining, metalworking and manufacturing sector, energy production and supply, social and transportation infrastructure, agroindustrial sector and forestry resources, automotive sector, financial services and tourism.
Chile , the smallest of the bloc's Ecuador Mobile Number List markets, nevertheless has one of the most notable economies in Latin America due to its dynamism, institutional, social and political stability, and its history of openness to imports, investment and business initiative, in addition to a solid and effective financial sector, and one of the most extensive networks of trade agreements in the world. On the other hand, it has managed to carry out careful management of public finances and keep public debt, the budget deficit and institutional corruption at low levels thanks to strong and transparent institutions, although increases are expected for spending on education, one of the sections of highest priority.
Of special interest is the mining sector, the main source of export income, and in particular technology and automation solutions for greater performance; alternative energies and everything related to energy production and efficiency, due to the high cost of supply in that country; fishing and agribusiness, especially wine and fruit and vegetable production, the construction sector and ICTs, the latter being particularly interesting in a country with a largely urban population and a qualified workforce, although marked inequalities persist in the distribution of income.
Colombia 's rapid growth in recent years has led it to establish itself as the third Latin American economy after Brazil and Mexico in the latest measurements; On the other hand, several advantages position this country as a destination of interest for the exploration of opportunities, such as an excellent geographical position with respect to its main trading partners, controlled inflation and reduction in the unemployment rate, a solid democracy, support to investors and various trade agreements with several countries, including those of the EU-28 group.
However, its economy is exposed to variations in demand for hydrocarbons, which constitute the main source of export income, and on the other hand, the challenges to public order and security due to the activity of guerrillas and criminal groups remain important. , although sustained efforts against crime and terrorism have managed to reduce their reach and influence.
The need for diversification of the economy to maintain the pace of growth raises several opportunities within sectors such as mining, hydroelectric and gas infrastructure, agri-food industry and floriculture, textile and clothing production; It is also worth highlighting the opportunities in technology and solutions in resource extraction and environmentally friendly production, in response to recent reforms of environmental regulations. Likewise, the large investments made for the development of infrastructure should continue to drive growth, job creation and demand for vehicles, among other areas of interest.
Mexico , the largest economy of the group, the main exporter of manufacturing in Latin America and one of the most attractive markets due to its size, and for the opportunities in manufacturing sectors such as metallurgy and metalworking, automobile assembly and production of automotive parts, household appliances, electronics , textiles, leather goods and footwear, food industry, mining and aerospace sector.
Despite the decline in production and export income from oil, a pillar of the economy, it is foreseeable that the positive economic data from the neighboring United States, together with the increase in costs in China, its main competitor, will be felt in various aspects of the economy. Mexican economy, such as the activity of export companies in a variety of sectors, the tourism sector and the flow of remittances from cross-border workers, as Mexico is one of the main global recipients.
On the other hand, efforts to boost investment and market opening should help foster commercial ties with other economies and reduce excessive dependence on relations with their NAFTA partners; However, several other vulnerabilities remain, such as a large submerged activity due to numerous difficulties in the regulatory framework, which significantly impacts the country's tax base and the creation of formal employment; high rates of poverty and inflation, high incidence of violent crimes, and the consequences of the activity of powerful drug trafficking mafias on citizen security, public organizations and business activity, especially impacting small self-employed workers and businesses.
Peru 's economic growth , one of the fastest in the region, and the country's macroeconomic stability has driven several changes in the functioning of the regulatory framework and institutions, creating a more favorable atmosphere for private investment and business activity, in addition of notable advances in family income levels and access to the middle class.