Publicación de Center for Latin America Convergence

Tesla ha decidido no realizar más inversiones en su planeada fábrica en #México antes de las elecciones presidenciales de Estados Unidos en noviembre. Elon Musk, CEO de la compañía, argumentó que es necesario esperar los resultados de las elecciones debido a las promesas del candidato republicano Donald #Trump de imponer mayores aranceles a los productos fabricados en México. Esta incertidumbre política ha llevado a Tesla a reevaluar sus planes de inversión en el país. La planta Giga México de Tesla representa la mayor inversión anunciada por la empresa en años. Sin embargo, la posibilidad de aranceles elevados hace que invertir en México sea arriesgado en este momento. #Musk ha mostrado su apoyo a Trump, anunciando donaciones significativas a su campaña y a un comité de acción política para ayudarlo a regresar a la Casa Blanca. Trump ha prometido eliminar la Ley de Reducción de la Inflación de EE. UU., que ha proporcionado importantes incentivos fiscales a empresas como Tesla. Si Trump vuelve a la presidencia y recorta estos incentivos, podría perjudicar ligeramente a Tesla, pero sería devastador para sus competidores. A pesar de estos desafíos, Musk sigue confiando en que el valor de Tesla radica en su autonomía y capacidad de innovación. El primer mandato de Trump dejó claro que no tenía un interés significativo en América Latina, lo que generó tensiones con México al reescribir y renombrar su acuerdo de libre comercio de 25 años, resultando en cambios menores e inconsecuentes. Esta historia refleja la complejidad y la interconexión entre la política y las decisiones empresariales en el ámbito global.

Have you read our exclusive interview with the President of #Paraguay Santiago Peña ? You will not only discover his strategy for a better Paraguay from attracting foreign investments to developing more tech capabalities in the country but also what is his favorite dish. Read it here: https://lnkd.in/djDdY7bE Presidencia de la República del Paraguay MITIC Paraguay Ministerio de Economía y Finanzas - Paraguay

Our 13th edition of #ELCC, our newsletter, is out today with a special focus on #Mexico after the recent elections. We have special contributions from Jorge Fernando Negrete P. and Gabriela Cuevas Barron and also a lot of interesting content. For example we look at the announcement of Claudia #Sheinbaum to create the Digital Transformation and Telecommunications Agency, emphasizing the digital realm's importance for democracy, economic development, and human rights. Her vision includes digital nearshoring and a focus on public digital technology policy. This approach, inspired by successful models in Asia and Latin America, underscores her commitment to digital transformation as a central governmental priority. Will she succeed? This and much more can be found on #ELCC, available here: https://lnkd.in/gumFVZmH. Click on the 13th, the #Mexican issue

A court ruling could permit the construction of a new reservoir to help combat the low water levels in the Panama Canal. A drought that reduced the amount of freshwater needed to operate the locks of the canal has led officials to decrease the maximum number of ships traversing the waterway each day. Panama’s desire to build another reservoir to supply water to the canal has long been hindered by a 2006 regulation prohibiting the waterway from expanding past its traditional watershed. The recent ruling by Panama’s Supreme Court allows for reinterpretation of these boundaries, potentially enabling the canal’s expansion. However, this project cannot be initiated without authorities first consulting the 12,000 inhabitants of the new site around the Indio River basin. The assistant canal administrator, Ilya Espino, believes that these talks to gain acceptance from local communities could take a year and a half, in addition to the three to four years of construction. This issue will be important since the Panama Canal serves as a significant route in global trade and the cutback in canal traffic has already disrupted global shipping at a time when other major waterways are having trouble. #PanamaCanal #PanamaSupremeCourt

Our 12th edition of our newsletter, #ELCC, is out. This time, as part of the Center for Latin America Convergence 's mission, we explore what we refer to as the hidden gems of the #Americas. #Paraguay is one such gem that has seen remarkable growth in its economy in recent years, establishing itself as one of the fastest-growing economies in #LatinAmerica. CClatam had the pleasure of hosting President Santiago Peña Peña at several events, where we were captivated by his vision for the country. His focus on promoting inclusive and sustainable development, ensuring that all Paraguayans can benefit from the nation's progress, truly impressed us. What left a lasting impression on us is President #Peña's unwavering dedication to the prosperity and welfare of his country. This profound sense of commitment shines through in his countenance and the depth of his gaze whenever he speaks about the future of Paraguay. We were fortunate to have an exclusive interview with President Peña, which our readers can read: https://lnkd.in/gumFVZmH We wish him success in overcoming the numerous challenges that lie ahead. "Jeguata seguro tenonde" translates from Guarani, the native Paraguayan language, as "safe journey ahead." Luis Enrique Cruz Asturias Piero Bonadeo Karina Riera Leticia Ossa-Daza Gabriela Cuevas Barron Eric Farnsworth Puru P. Trivedi David Hoffman Michael Stott Angel Melguizo Claire Arpa Ian Garrahan Jorge Fernando Negrete P. Rodrigo Maluff Gustavo Villate Jorge Srur Sergio Díaz Granados Guida Jose W. Fernandez Francisco Santos Matthew Swift

Top officials of Argentine President Javier Milei’s government have taken steps to ensure market stability by reassuring private bank executives about market liquidity measures. According to Bloomberg News, Economy Minister Luis Caputo and central bank head Santiago Bausili met with the bankers to discuss a new framework introduced last Friday. Key highlights: - The government will buy new treasury notes if necessary to maintain market liquidity. - A major component of the plan involves swapping central bank notes for newly issued treasury notes to tackle Argentina’s triple-digit inflation rate, currently around 276%. - The crawling peg of 2% per month and a different exchange rate for exporters will remain in place. - Over 80 bank executives attended the meeting, underscoring the importance of these measures for financial stability. These actions demonstrate the government's commitment to addressing economic challenges and stabilizing the market. Will this be enough? #Argentina #Economy #Finance #Inflation #MarketLiquidity #Banking #EconomicPolicy #FinancialStability

#ELCC- https://lnkd.in/gumFVZmH, our newsletter is out! ! This issue shines a spotlight on the #CannesLionsInternationalFestivalofCreativity, where Latin America's creative industry reigns supreme. In a fascinating twist, technology giants like #Amazon, #Meta, #Spotify, #Microsoft, #LinkedIn, and #TikTok have taken center stage, replacing traditional advertising agencies. We appreciate Karina Riera for providing us with insightful updates from Cannes. Join us as we explore how brands and agencies are turning to Latin America for their creative production needs, while programmatic advertising continues to make waves in the region. Read about empowering Latin Americans in the industry through the work of the #HispanicStarMovement. We invite you to immerse yourself in the world of celebrated and emerging Latin American artists at the #DenverContemporaryArtMuseum. Don't miss the captivating exhibition, "Critical Landscapes: Selected Works from the #EllaFontanalsCisnerosCollection". We welcome your comments, ideas, criticisms, and opportunities. But above all, we encourage you to dive into our content and let us inspire you! Leticia Ossa-Daza,Gabriela Cuevas Barron, Jorge Fernando Negrete P.,David Hoffman, Angel Melguizo,Eric Farnsworth,Puru P. Trivedi,Michael Stott,Karim Antonio Lesina,Luis Enrique Cruz Asturias

#Mexico and #Chile have successfully concluded negotiations to modernize their Free Trade Agreement (FTA), marking the 25th anniversary of the original deal. The updated agreement includes groundbreaking chapters on gender and trade, as well as support for micro-, small-, and medium-sized businesses (MSMEs). Mexico’s Economy Minister, Raquel Buenrostro, highlighted that this modernized FTA aims for a more inclusive policy, enhancing the role of women and MSMEs in the economy. Chile’s Undersecretary of International Economic Relations, Claudia Sanhueza, echoed these sentiments, emphasizing the shared goal of democratizing trade to benefit a broader range of participants. In 2023, trade between Mexico and Chile reached $3.4 billion, growing at an average annual rate of 3.8% since 1998. This modernized agreement promises even greater opportunities for both countries. #Trade #EconomicGrowth #Inclusion #MSMEs #GenderEquality