Huawei to invest US$800m in new Brazil factory amid 5G push

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Despite US objections. Huawei Technologies plans to build a US$800 million plant in Brazil’s Sao Paulo state over the next three years as the Chinese telecom giant ramps up its presence in Latin America despite US objections. In a press conference in China on Friday, Sao Paulo Governor João Doria, accompanied by Huawei executives, said…

EU and Mercosur reach agreement on trade

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The European Union and Mercosur reached today a political agreement for an ambitious, balanced and comprehensive trade agreement. The new trade framework – part of a wider Association Agreement between the two regions – will consolidate a strategic political and economic partnership and create significant opportunities for sustainable growth on both sides, while respecting the…

Brazil green lights tax exemption on electric, hybrid vehicles

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Companies and professional drivers in Brazil are now exempt from IOF tax when financing the purchase of electric and hybrid vehicles in the country, regardless of horsepower. This is according to new legislation signed by President Jair Bolsonaro last week and published on Friday (June 21). It compliments a law already giving the IOF tax…

Workshop Latin-America

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Latin America Day Allianz Arena Munich Thursday, 19th of September 2019 09:30 – 16:00 We would like to invite you to our Latin America day in that Allianz Arena Munich What can you expect? You’ll gain insight into the procedural differences, as we experience them every day. Did you realise that even if you buy…

Argentina raises tax rebate for Mercosur auto exports as market stalls

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BUENOS AIRES, May 8 (Reuters) – Argentina will give its auto exporters a larger tax rebate to help stimulate the flagging local sector that has been hit hard by a consumption slump and economic crisis in Latin America’s No. 3 economy. The country’s ministry of labor and production said on Wednesday that it would raise…