The BRICS countries (Brazil, Russia, India, China and South Africa) are large e-commerce markets, but their adoption varies, according to a report by the International Trade Centre (ITC). The proportion of online shoppers among Internet users varies from around 20% in India and South Africa to 40% in
Latin America‘s beverage, tobacco and food exports have been the most dynamic among all manufacturing sectors over the past 20 years. Their value increased almost fivefold and the regional surplus increased sevenfold, according to a report by the Economic Commission for Latin America and the Caribbean (ECLAC). South
The World Bank expects Russian oil exports to fall in 2023 due to additional European Union sanctions that began in December 2022 for crude oil and will begin in February 2023 for petroleum products. However, the overall reduction in Russian exports is likely to be less than initially
The Mexican government has published three decrees to eliminate tariffs on products with the objective of lowering inflation. Most recently, on January 6, 2022, the government published in the Official Journal of the Federation (DOF) the «Decree exempting from the payment of import duties and granting administrative facilities
The U.S. International Trade Commission (USITC) concluded that a proposal to modify textile rules of origin under KORUS would not significantly impact U.S. imports. In a letter dated July 5, 2022, the White House Trade Representation (USTR) requested the USITC’s advice on the likely economic effect of a
Mexico‘s Federal Economic Competition Commission (Cofece) informed this Thursday that it is investigating the possible manipulation of prices in the retail sale of gasoline and diesel. The Investigating Authority concluded its investigation and issued an opinion of probable responsibility in which it points out the possible existence of