South Korea is less dependent on international trade, considering imports and exports as a proportion of its GDP. Although the opening of the Korean economy to international trade and its integration into the world economy continued to be reflected in a high ratio of trade (exports plus imports)
Four states in Brazil set a tax on the sale of soft drinks to obtain funds related to poverty reduction programs. According to Coca-Cola FEMSA, Brazil imposes an average production tax of approximately 4.1% and an average sales tax of approximately 11.8% on net sales. Except for sales
The Alibaba company develops programs related to the fight against poverty and rural development, while highlighting its own job creation. Initially, in December 2017, the company launched the Alibaba Foundation for Poverty Alleviation, which focuses on education, advancing rural trade, empowering women, healthcare, and environmental sustainability. He then
Sales of tequila have grown at such a rate that they are the fastest growing category of spirits, noted the US company California Tequila. Despite the ongoing pandemic and reduced availability for events at the facilities, consumption of that Mexican drink continues to climb to new heights. For
Mexico’s Federal Economic Competition Commission (Cofece) readies its ruling on the merger between Canadian Pacific Railway Limited (CP) and Kansas City Southern (KCS). In this regard, on September 15, 2021, CP entered into a Merger Agreement and Plan to acquire KCS. Afterwards, the notifications of the transaction were
The International Finance Corporation (IFC), a member of the World Bank Group, is the world’s largest development institution focused on the private sector in emerging markets. Established in 1956, the IFC is owned by 185 member countries, a group that collectively determine its policies. Although the International Finance