Africa and the Middle East
Australia and New Zealand
Central and South America and the Caribbean
Wisconsin companies can be part of the transition.
The South American nation needs help in complying with global commitments against climate change.
An overall positive economic climate is leading to housing construction and the expansion of public services.
The principal food products imported from the U.S. are pet food, meats, chocolates and bakery ingredients.
The sector is seeing strong growth in companies that buy and sell dollars without the risk of theft.
The market value is estimated at $1.5 billion.
Panamanians are consuming more of both convenience foods and health foods, creating opportunities in both segments.
Chile, Colombia and Argentina are leading the way.
Because of the reserves' location in the deep sea, research and development is needed along with related equipment, goods and services.
The country is a medical device hub for Central and South America, but is reliant on imports since it has no domestic production of these devices.
The project also includes construction of a photovoltaic power plant.
Hospitalar is the largest medical industry fair in Latin America and the third-largest in the world.
The Costa Rican government recognizes approval by the U.S. Food and Drug Administration, streamlining the path for U.S. exports into the market.
Peru is currently the fastest-growing economy in South America.
Jair Bolsonaro and his minister of the economy, Paulo Guedes, have promised to slash the public debt and overhaul the pension and income tax systems.
Pharmaceuticals, travel and tourism, automotive parts, packaging and food processing equipment, printing and graphics, safety and security equipment, and renewable energy are the most promising industries for this growing market.
The South American nation will be investing in urban roads, education, telecommunications, water resources and more.
Cracking down on corruption is seen as a positive step for foreign investment.
Wisconsin exports of agricultural products are a good fit for this market, since Jamaica imports products that cannot be grown domestically because of the climate.
The Latin American nation needs assistance with rebuilding roads, bridges and other infrastructure after the 2017 floods.
Indicators for construction, agribusiness, real estate, FDI, and entrepreneurship are all pointing in a positive direction.
Wisconsin companies can connect with Nicaraguan customers and distributors at the Americas Food and Beverage Show in Miami in October.
The project, expected to cost $2.5 billion, is expected to break ground in 2020 and be complete by 2026.
The U.S. joined the list of countries eligible for Brazil's e-visa program in January, making travel easier for Wisconsin companies seeking to visit Brazil to explore export opportunities.
Rising consumption of both convenience and health foods provides opportunities for exporters.
GM has already announced plans to produce a model there, with a $500 million investment.
Encouraging trends in industrial production and employment are causing analysts to improve their predictions and consumers to feel more confident.
With these investments, Chile is looking to make Santiago the technology hub of Latin America.
Formerly among the most protectionist of the G-20 countries, Brazil has made ample progress toward liberalization in the past year.
The country has one of Latin America's highest GDP growth rates, and serves as a hub for regional trade in addition to having strong domestic demand.
Wisconsin companies can take part in construction, as well as supplying equipment, machinery and design services.
As the economy emerges from a three-year recession, opportunities exist for Wisconsin companies in the energy, agriculture, infrastructure and telecommunications sectors, among others.
Wisconsin health and medical product and service companies may find export opportunities with Jamaican hospitals, clinics and medical product distributors as demand grows to accommodate expansion of this sector.
Wisconsin companies can contribute to the development of this new infrastructure.
The sector is expected to increase production rapidly in 2017, creating opportunities for Wisconsin suppliers of equipment and other products that support agriculture.
Opportunities for Wisconsin suppliers of diagnostic tests, reagents, medical products and insecticides
Opportunities for Wisconsin companies to contribute equipment and expertise
The regulatory reforms are welcome news for firms wishing to bid on government projects..
Aerospace & MRO Meetings Latin America, the most important business-to-business event in Costa Rica, will be held Feb. 20-23, 2017, in San Jose. The event is an opportunity for leaders in the aerospace industry, as well as companies that focus on maintenance, repair and operations (MRO), to meet with potential industry partners.
Argentine President Mauricio Macri has introduced a new, long-term plan to increase production of renewable energy and attract new investment in the sector. The aim is to increase renewable energy output to 8 percent of total energy output by the end of 2017, from the current figure sitting at less than 2 percent. The government plans to further extend this development, hoping to generate 10,000 MW (20 percent of total output) by 2025. In pursuit of these targets, an auction was held in May 2016 as part of a program called RenovAR, in which companies could bid on contracts to produce 1,000 MW of power. A bid of $400 million has already been submitted by Pampa Energia, with the winning bidders set to be announced on Sept. 28.
According to Brian Winter, the chief director of the American Quarterly, “If history is any guide, Brazil’s Soccer Olympic Gold may be remembered as a turning point in the crisis.” In an interesting perspective, Winter sees parallels between the trajectories of the Brazilian economy and the performance of the Brazilian soccer league, pointing out how those seemingly unrelated events ended up connected by the mood of the country and its impact on the economy.
The growth agenda of Peru’s newly elected president, Pedro Pablo Kuczynski, will encourage privately led investment opportunities across many sectors, with key opportunities in infrastructure, real estate and mining. Market-driven policies including tax breaks for small businesses, cuts in consumption taxes, reduction of the national sales tax from 18 to 15 percent, and removal of regulations. These measures are expected to stimulate the formal economy and increase government revenues, bolstering consumption and investment. Other key proposals include improving agriculture and increasing the fiscal deficit in 2017 to improve access to health care and education. This increased government spending will help attract investment into the country.
After a year of delays, construction is expected to begin on a $50 billion canal across Nicaragua. Hong Kong-based HKND Group will begin by constructing a fuel terminal and ship wharf on the country’s Pacific Coast; the new port facility will then be used to import the machinery needed for subsequent phases of construction. Financing for the 170-mile-long (274-kilometer) canal will come from debt and equity sales and a potential IPO, according to HKND Group Vice President KW Pang.
Brazil is prioritizing the liberalization of its service sector, an indication of the government’s desire to enter into negotiations on free trade agreements. A recent presidential decree called for Brazil to “pay special attention to strategic actions to promote the competitiveness of Brazilian companies in the global value chain, investment attraction, job creation and support for small to midsize companies.” Taken together, these developments indicate an interest in increased globalization on the part of Brazil’s gove
Explore New Export Opportunities in Argentina and Chile ARGENTINA Situated in the southern hemisphere bordering Chile, Bolivia, Paraguay, Brazil and Uruguay, Argentina has a population of 43.4 million, 92 percent of whom live in urban areas. Despite two sovereign debt defaults in the last 15 years and the end of the commodity boom, Argentina presents significant long-term…
Panama is the fastest growing and most dynamic economy in Latin America, with GDP growth of 6.0 percent in 2015 and estimated 6.3 percent in 2016. With a population of 3.9 million, a GDP of $46.2 billion in 2014, and a diversified economy based on a well-developed service sector (the Panama Canal, logistics services, banking, free trade zones, insurance, container ports, tourism, etc.), the country has maintained sustained economic growth, averaging 8.2 per year over the past decade. All of this growth has become a challenge for the energy sector by demanding more electricity and new energy sources.
Despite the economic difficulties Brazil is facing due to a political crisis, forecasts for the energy sector are optimistic. According to the Brazilian Electrical Energy Agency, investments in this segment for the next four years are expected to amount to about $13 billion.
Argentine President Mauricio Macri’s energy agenda, Plan RenovAr, as well as a recent new law, stipulates that 8 percent of the nation’s energy grid must be supplied by renewable sources by the end of 2017, and 20 percent, or 10,000 megawatts, by 2025. Currently, renewable energy accounts for only 1.8 percent of power consumption. Thus, massive investment will be required in the Argentine energy sector to meet rising demand and diversify the country’s energy matrix. The new law offers fiscal benefits for investors in renewable energy and promises the creation of a trust fund to provide payment guarantees and project financing.
Uruguay Poised to Become World Leader in Renewable Energy: Wisconsin businesses have the opportunity to invest and take advantage of tax incentives offered by the Uruguayan government
In August of this year, the city of São Paulo, Brazil, will host the seventh Green Building Brazil International Conference & Expo, the leading sustainable construction event in Brazil and one of the leading events in its category in the world.
Under Costa Rica’s new distributed generation program, homes and companies can generate electricity using solar, hydro, biomass or wind. The pricing model for net metering, which will enable homes and businesses that generate their own electricity to store surplus in the grid, took effect in April 2016.
The Chilean National Energy Commission (CNE) has extended the deadline for its regulated market power supply tender from through July 27, 2016. Under the tender, companies can submit bids for a 20-year power purchase agreement to provide 13,750 GWh annually. This amount of energy represents one-third of current regulated consumer consumption and 29 percent of Chile’s supply for the next decade, making the offer the largest power supply provision in Chile’s history.
Despite the political crisis affecting the Brazilian economy, some segments of the economy have shown growth and investment, including pharmaceuticals, beauty and cosmetics, IT innovation, textiles, agribusiness and renewable energy.