News & Articles
May 9, 2012
Brazil’s Sao Paulo is the most attractive city for investments in Latin America followed by Santiago de Chile and Mexico City according to the latest results from a paper by Colombian and Chilean experts released on Tuesday in Bogotá.
The Sao Paulo leadership according to the ‘Atractividad Index for Urban Investments’ in 2012 was a joint work from the Colombian University of Rosario Centre for Competitive Strategies (Cepet) and the Business Intelligence Office IDN from Chile.
Cepet and IND have been jointly developing the index and rankings since 2010 referred to the Latin American urban centres most attractive and with best climate for investment.
The Brazilian megapolis ranked first because of its amiable climate, size of the economy, strength of higher education, volume traded in the stock exchange and the presence of the world’s largest multinational corporations, according to the report.
Sao Paulo displaced Santiago de Chile which ranked top of the list in 2011, and fell to second place this year, in spite of the fact that IDN continues to rate Chile as the most competitive country in Latin America because of its urban infrastructure and low crime, among other conditions.
Mexico City follows with a strong domestic market, while Lima ranks fourth and Bogotá fifth. The following positions are occupied by Porto Alegre (Brazil); Rio do Janeiro; Monterrey (Mexico), Buenos Aires and Belo Horizonte (Brazil).
Cepet Director Saul Pineda and IDN CEO Rodrigo Diaz underscored the predominance of Brazilian and Mexican cities among the ten leading places in the 2012 index.
This can be explained because of “the importance of the national environment and the size of the market when investors at the moment of making decisions are looking for alternatives”.
Nevertheless since in the top twenty figure eight Brazilian cities this is supported on the fact the country is the largest economy in Latin America and seventh at global rating. Mexico ranks as the second largest economy in the region.
The Argentine economy is set to grow 4% this year in line with the rest of the countries of the region according to a report, “Global Situation” from the Spanish-Argentine bank BBVA-Francés.
“The inertial characteristics of the region won’t allow significant improvements in an environment of high prices for commodities, which limits the reach of expansive economic policies in those countries with inflation targets”, adds the report.
The “Global Situation” estimates the world economy will advance 3.6% this year and 4% the following, boosted by emerging economies, particularly from Asia and Latin America.
“With the exception of Brazil monetary policies will overall have a cautious restrictive approach and it is expected that currencies on the whole region will continue to be appreciated. Brazil on the other hand will implement a more accommodative monetary policy”, concludes the report’s chapter on the evolution of the economy in the region for this year.
May 6, 2012
Brazilian biodiesel producers are seeking export agreements with Spanish oil companies after the European country moved to cut off imports of the renewable fuel from Argentina.
Erasmo Carlos Battistella, president of the biofuel trade group Associacao dos Produtores de Biodiesel do Brasil, will discuss the issue at a meeting today with Spain’s ambassador in Brasilia.
Spain is cutting trade ties with Argentina after the South American country said it would seize control of YPF SA (YPFD) from the Spanish energy company Repsol YPF SA. (REP) That’s creating a market for Brazil’s biofuels industry, Battistella said.
“It’s opened up a major export opportunity” for Brazilian producers, he said in a telephone interview today. “Argentina was a big supplier there.” He expects trade contracts to be signed within three months.
Spain revised an incentive program last month to exclude biofuels produced outside Europe from meeting government requirements for using renewable fuel. That effectively blocked imports from Argentina and other nations in the region. Battistella will ask that Brazil be included on the list of approved suppliers.
Brazil’s biodiesel plants have annual production capacity of 6.94 billion liters (1.83 billion gallons). Of that, 15 factories with 4.59 billion liters of capacity have been approved for exports, Battistella said. Spain purchased 1.87 billion liters of biodiesel from Argentina in 2011.
To contact the reporter on this story: Stephan Nielsen in Sao Paulo at firstname.lastname@example.org
To contact the editor responsible for this story: Reed Landberg at email@example.com