Prensa Mercosur - Imprensa Mercosul’s Post

«Made in Mercosur,» the vision for productive integration of the regional bloc - https://lnkd.in/dpgfdcjX - Asunción, Agencia IP.- Advancing towards a productive integration that allows for the joint manufacturing of goods among the countries of the regional bloc is the consensual vision among the Mercosur Economy Ministers who met this Sunday in Asunción, within the framework of the LXIV Meeting of the Common Market Council. «We were discussing the new vision of Mercosur that we all want, a type of integration that is no longer political, which was the origin of Mercosur, or a commercial vision where one country produces a good that has free access to the market of other countries,» expressed the Minister of Economy and Finance of Paraguay, Carlos Fernández Valdovinos, at the end of the meeting. «Here we are talking about integration in the productive sense, basically so that we can integrate the production chains of the different countries. So, it will no longer be a good product in Paraguay, Brazil, or Argentina but a good product that is partly produced in Paraguay and partly in Brazil. It will truly be a good produced in Mercosur,» explained the minister. He pointed out that the maquila, through which goods are being produced jointly between Paraguay and Brazil, is an excellent example of this productive integration and noted that «this is the direction in which the new Mercosur should go.» Through the maquila, Paraguay has developed an entire auto parts industry that primarily supplies wiring to the Brazilian automotive sector. The auto parts companies in Paraguay and the assembly companies in Brazil operate under an economic complementarity logic that allows them to gain competitiveness in the international market, benefiting both countries. The minister mentioned that in the meeting of the Economy Ministers and central bank presidents, they also discussed the countries’ growth prospects and the impact of climatic factors on them, as well as the role of multilateral organizations in providing timely assistance in times of crisis.   Jazmín Romero Fuente de esta noticia: https://lnkd.in/dn-7zvQK ************************************************************************************************************ También estamos en Telegram como @prensamercosur, únete aquí: Telegram Prensa Mercosur Recibe información al instante en tu celular. Únete al Canal del Diario Prensa Mercosur en WhatsApp a través del siguiente link: https://lnkd.in/dPNxxY68 estamos en Telegram como @prensamercosur, únete aquí: https://lnkd.in/dJKfZssw Mercosur Recibe información al instante en tu celular. Únete al Canal del ...

The future of economic relations between time-tested friends, Bangladesh and Japan. In 2023, when India held the G20 Presidency, the term of "Global South" began to be heard frequently. The Global South is often used as a general term for emerging countries in Asia and Africa, such as India and South Africa, but in Southwest Asia, India is leading the way with Bangladesh, accelerating economic development at breakneck speed. Bangladesh used to have the image of "poor country," but over the past 50 years, it has grown to become a part of the Global South. Bangladesh's GDP per capita is $2,657, higher than India and as high as Indonesia of 15 years ago and Vietnam of 10 years ago. The country plans to graduate from the least developed country (LDC) framework in 2026, and two governments have completed joint research on an Economic Partnership Agreement (EPA) in December 2023. Good news is that commencement of negotiations for the EPA has been announced on March 12 of this year. Bangladesh marked highest record in export of RMG products to Japan with amount of 1,599.80 million USD in 2022/23. If two countries agree to conclude EPA after rounds of negotiations, even after graduating from LDC, we will be able to continue duty-free access to Japan market and will also be able to export goods from Japan without or less custom duty. It is expected that bilateral EPA will provide more opportunities to expand trading between two counties. Moreover, with the launch of direct flights between the two countries from September 2023, we have more potential for deepening the business opportunities. It is great to share that we can travel from Dhaka to Tokyo less than 6 hours. Mr. Yuji Ando, Country Representative of JETRO Dhaka shared his thought in this article published in FICCI Monthly Bulletin, April 2024 Edition. See more: https://lnkd.in/eyqWJTpr

Thoughts for Euractiv Italia: "It’s a double whammy: #China’s de-risking plus its lack of consumption are contributing to our deindustrialization. China’s attempt to assert domestic control over strategic supply chains contributed to the fall in #EU exports to China last year, this especially negatively impacted #Germany - Europe’s largest economy whose export-led, manufacturing-intensive economic model has been openly questioned by EU and business leaders recently. The weak Chinese consumption has also had huge downward effects on global prices, rendering European manufactured goods increasingly uncompetitive." https://lnkd.in/g7DZwn5C

#China #GDP #USA #investment #export To understand how, consider the composition of China’s GDP compared with those of developed economies such as the United States. In the United States, consumption typically makes up 71 percent of GDP, while in China, the consumption component is 35 percent, less than half the United States’. Conversely, investment typically makes up 13 percent of U.S. GDP, while in China investment is an enormous 48 percent of the total. Net exports are about 4 percent of the economy in the United States and China, except the signs are reversed. China has a trade surplus that adds 4 percent to GDP, while the United States has a trade deficit that subtracts 4 percent from GDP.

A Magnificent Phenomenon: Japan's Robust Outward FDI vs. Lukewarm Inward FDI 🧐 - Japan’s outward FDI saw a notable increase, with the stock of outward FDI rising to 50.9% of GDP in 2023 from 6.4% of GDP in 1991. - On the other hand, the growth in Japan’s inward FDI stock has been sluggish, which is likely due to a lack of investment opportunities in the domestic economy. - This reflects a strategic shift from being an export-dominant economy to becoming a major source of global FDI flows. - Japan's outward FDI has been instrumental in maintaining the global competitiveness of Japanese enterprises and increasing Japan’s national income, thereby enhancing the vitality of the Japanese economy. Further background: - The pivotal Maekawa Reports of 1986 and 1987 proposed significant economic reforms that would, among other objectives, alleviate trade tensions with the US. These reforms included encouraging Japanese firms to increase direct investment abroad. #Japan #outwardFDI #FDI

Explore today's intriguing global business developments, from Japan's export dip and Germany's economic challenges to Africa's satellite advancements and potential trade collaboration between Vietnam and Mercosur. - Asia: Japan's exports fell in September for the first time in 10 months, impacted by soft demand in China and slowing U.S. growth, complicating the central bank's efforts to exit years of ultra-easy monetary policy. - Europe: Germany, once a global economic powerhouse, is now the worst-performing major developed economy due to external factors like Russia's invasion of Ukraine, high energy costs, and lack of digital technology adoption. - Africa: African nations are racing to put satellites in space as falling launch costs provide new opportunities, marking a significant advancement in the region's space technology. - South America: Vietnam is interested in a trade deal with Mercosur, according to Brazil's President Lula, highlighting potential economic cooperation between Asia and South America. - Middle East: China's export growth slowed to 2.4% in September, partly due to reduced shipments to key markets, but Russian purchases of Chinese goods surged to a record $11 billion. - Australia/Oceania: No significant global business news from this region was found in the sources, so an alternative from a nearby region is: Boeing workers in the Asia-Pacific region are not directly mentioned, but Boeing's global financial challenges, including production issues and strikes, have international implications. - India/Subcontinent: Pakistan's consumer price index increased by 23.1% YoY in February, the slowest since June 2022, with inflation projected to ease in the coming months as the government's funding agreement with the IMF expires. #GlobalEconomy #InternationalTrade #BusinessNews #EconomicChallenges #MarketTrends #SpaceInnovation #EconomicCollaboration #GeopoliticalImpact #DigitalTransformation #TradeAgreements

China’s economy is set to undergo a significant transformation as the country shifts its focus towards domestic-driven growth. Amidst escalating trade tensions with various nations, particularly the United States, China has announced a strategic plan to prioritize its domestic economy over exports. Chinese officials have emphasized the importance of boosting domestic consumption and investment to […]

Japan’s economy contracted at an annual rate of 1.8% during the first quarter of 2024, slightly better than initial estimates of a 2% contraction, according to the latest revised data from the Cabinet Office, Government of Japan. The government attributes the upward revision to the rise in private sector investments from minus 0.5% to minus 0.4% and the slower decline in corporate capital spending. Japan’s real GDP remained in the negative as exports and consumption saw a decline compared to the previous quarter. Japan’s economy declined 0.5% in Q1 of 2024 compared to Q4 of 2023, remaining unchanged from last month’s results. Read more: https://lnkd.in/dqTGUU-r #Japan #Economy #EconomicOutlook #GDP

Georgian Sectors Set to Boost Exports to Europe Despite Challenges A recent study commissioned by the European Union and United Nations reveals that several Georgian economic sectors are well-positioned to expand exports to Europe. The report, titled “Georgia’s Economy Sectors with High Growth and Export Potential,” suggests a strong desire among Georgian businesses to engage with European markets, despite concerns among many Georgians that the […] The post Georgian Sectors Set to Boost Exports to Europe Despite Challenges appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023.

ASEAN countries' exports to the U.S. in the January-March period surpassed those to China for the first time in six quarters as the region's trade appears to be shifting along with moves in the global supply chain. Nikkei Asia compiled data for ASEAN's 10 members based on statistics from the bloc's secretariat, individual governments and local media reports. The compiled data shows ASEAN exports to the U.S. came to $67.2 billion in the January-March quarter, topping China-bound exports, which reached $57 billion. Experts say the trend reflects the U.S.'s increasing procurement of semiconductors and electrical parts from ASEAN and China's lackluster economy. https://lnkd.in/dZN_fDkj