Presentation MERCOSUR

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Presentation MERCOSUR"

Transcription

1 Presentation MERCOSUR Presenters: Hsu, Yao Yuan, Andy Victor Schubert Wang, Cheng Wei, Franck Wong, Shun Chi, Simon Instructor: Professor Matthieu Crozet 1 Brief Agenda Agreement Type Agreement History Members Important Policies Organization Structure 2 1

2 Agreement Type Economic Union Regional Trade Agreement MERCOSUR Zero tariff between members Common tariff towards other countries Free trade Fluid movement of goods, and people Ø Common Market Ø Common product policies Ø Fluid movement of goods, services Ø Common external trade policy Ø EU à Economic and monetary union In the WTO, regional trade agreements (RTAs) are defined as reciprocal trade agreements between two or more partners. They include free trade agreements and customs unions. 3 Agreement History Date Agreement Participants 1988 Argentina-Brazil Integration and Economics Cooperation Program or PICE Argentina, Brazil May, 1991 Treaty of Asunción the establishment of Mercosur Argentina, Brazil, Paraguay, Uruguay Dec, 1994 Treaty of Ouro Preto the execution agreement of Mercosur Argentina, Brazil, Paraguay, Uruguay Jan, 1995 Mercosur started Mercosur Jun, 2006 Jul, 2012 Venezuela had signed a membership agreement Full membership for Venezuela became effective Mercosur and Venezuela Jul, 2015 Accepted Bolivia's request to become a full member country Mercosur and Bolivia 4 2

3 Members 1988 PICE Brazil s President José Sarney Argentina s President Raúl Alfonsín 5 Members 1995 MERCOSUR Brazil Argentina Paraguay Uruguay 6 3

4 Members 2012 New Member Venezuela 7 Members 2015 New Member Bolivia 8 4

5 Members 2015 New Member 9 Important Policies 10 5

6 Free Tariff According to Treaty of Asunción Between Members of Mercosur Date June Dec. June Dec. June Dec. June Dec Percentage Tariff Reduction 11 Free Tariff While members can set some exceptions Argentina-Brazil Uruguay-Paraguay Jan-1995 Initial Intrazone Tariff Jan % Initial Intrazone Tariff Jan % 25% Jan % 50% Jan % 75% Jan % Items Exempted Brazil 324 Argentina 394 Paraguay 439 Uruguay

7 Common External Tariff Other Countries MERCOSUR Member Zero Tariff Same Tariff with Exceptions Member 13 Educational Integration Educational courses excludes technical studies Primary and Junior High Recognized by all members àstudents can complete their study of primary or junior high in different countries. 14 7

8 Organization Structure Common Market Council Common Market Group Administrative Office Joint Parliamentary Committee Work Subgroups Trade Commission

9 Early Trade within the bloc grew substantially, from $4 billion in 1990 to $14 billion in Signed trade agreements with Chile, Bolivia, Israel, and Peru. Negotiated with the EU. Disputes existed. Ex great depreciation of BRL (Brazilian Real), 2001 Argentina financial crisis Coordination of trade policies suspected. Ex. China Mercosur trade Big Ambitions: Turning Mercosur into a single market and issuing common currency 17 Early [Mercosur] is less about opening up but actually about protecting Brazilian and Argentine industries from global competition. Oliver Stuenkel 18 9

10 Current Members Argentina, Paraguay, Uruguay, Brazil, Venezuela as full members. Bolivia turning to be the new full member from an associate member. States Parties Area (km 2 ) Territory Brazil is the country with the largest territory inside the region. Takes approximately 67% of the total area of South America. Area (% of Mercosur) Population The combination of Mercosur population reaches million. Brazil with the highest population within the bloc. Population (millions) Population (% of Mercosur) Argentina 2,791, Brazil 8,502, Paraguay 406, Uruguay 176, Venezuela 912, Current (GDP) GDP Argentina Brazil Paraguay Uruguay Venezuela MERCOSUR GDP (US$ billion) , ,184 GDP percapita (US$) 12,873 11,604 4,305 16,199 6,757 10,348 PPP GDP (US$ billion) , ,879 PPP GDP per-capita (US$) 22,582 16,096 8,449 20,556 17,695 17,076 Growth projection

11 Intra-trade Trade among Mercosur members was about $108 billion in 2015, approximately 3 times to that in 2000, but the it had dropped as the share of total members trade about 5%. As shown in the graph, the intra-export proportion of Mercosur was around 14%, while that of EU over 60%, ASEAN about 26%, NAFTA around 50%. Generally, Mercosur has slightly increased its importance in world trade since 1995, with shares in world exports from 1.4% to 1.7%, but far from the original expectations. Percentage of Intra-Export to Total Export (%) Exporters Brazil Argentina Paraguay Uruguay Venezuela MERCOSUR Intra-trade The main exports intra-mercosur are manufactures, while the main exports to the rest of the world are agricultural, fuels, and mining product. Intra-trade has declined greatly, with exports decreasing by 13% and imports by 15%. This declination could be attributed to the macro trend, but intra-trades are declining faster than extra-trades. Brazil and Argentina collectively contributed to about 80% of exports and 70% of imports

12 Extra-trade The main exports extra-mercosur are agricultural, fuels, and mining product, which shows that countries in Mercosur still relies a lot on primary industries. Victor s Graph Brazil was trading more and more with China than with Mercosur, as the intra-trade within Mercosur isn t NAFTA negotiating with Mercosur to group into a bigger trade bloc. U.S. tends to sign FTAs with individuals but as a whole. 23 Comparison 24 12

13 Problems Lag in integrating Mercosur countries to create value-added supply chains or regional production hubs. Instability political situations of the members and the restriction from the Articles. Ex. Paraguay, Venezuela, left-winged parties Conflicts between two major Mercosur members: Brazil and Argentina. Ex. Steel, computers The influence of Mercosur mitigated by other international organizations. 25 Challenges Challenge I 26 13

14 Political Instability Mercosur is still very susceptible to crisis that reflect volatile order in its main leading countries: Brazil and Argentina. Lack of political and economic resilience of its members leads to a whole fragile system. As a consequence, strong institutions that could reinforce commercial activities become less effective and significant. Challenge I 27 Recent Impeachment of Brazil s President Dilma Rousseff due to allegations of corruption and poor government performance Challenge I 28 14

15 Nature of popular revolts in Brazil over time Challenge I

16 Argentina s Crisis Another classic example of balance of payments crisis Overvalued exchange rate A generally large current account deficit Rising debt (consumer, corporate and government debt) Flat or Falling reserves Economy became less competitive with vigent rate Powerful labor unions made it unfeasible to cut production costs by lowering wages Challenge I 31 December 2001 Riots in Argentina Challenge I 32 16

17 33 Some tables summarizing following months of the occurrence of the riots Challenge I 34 17

18 Protests against President Nicholas Maduro in Venezuela Challenge I 35 The inclusion of Venezuela in MERCOSUR is a factor that brings instability, says Penna Filho. From the political point of view, the situation becomes a bit more unstable, given the foreign policy of Chávez. Although Hugo Chávez is no longer in government, Venezuela st 36 18

19 Challenge I 37 Currency Volatility The Variation of Relative price that makes a specific activity or sales in a specific market more attractive affects demand and supply in the short term and investments in the medium term. As with any other relative price, exchange rate variations can affect a country s imports and exports. When economic agents are risk averse, higher exchange rate volatility should affect trade negatively. Challenge I Challenge II 38 19

20 Challenge I Challenge II 39 Challenge I Challenge II 40 20

21 Asymmetries Among the Members of Mercosur The Mercosur countries are very different in terms of their economic size and dimensions, population and size of their market. Taking into account GDP, population and territory, Uruguay and Paraguay are clearly the smallest Mercosur Members and they do not even represent even 5% of any of these variables, while Brazil represents 70%. Challenge I Challenge II 41 Custo Brasil Literally means Brazil cost. Refers to the increased operational costs associated with doing business in Brazil. Inefficiency of public services; Excessive bureaucracy for importing and exporting, creating difficulties for foreign trade; Excessive layers of bureaucracy, to start a business in brazil takes at least 120 days; Expensive Labor costs; High tax burden, over 33%; High Interest rates; Legal Uncertainty; High crime rates, which adds additional security costs; And much more! Challenge I Challenge II 42 21

22 But this is not particular to Brazil Challenge I Challenge II 43 Argument for economic benefit Tariff-free policy, free trade, fluid movement of goods and services ensures more corporations for MERCOSUR members. However, easy entrance for trade facilitate despiteful economic activities, such as dumping. Beneficial conflicts break down togetherness within Mercosur, lowering incentives for further cooperation. Challenge I Challenge II 44 22

23 Example: Argentina denounced Brazil for her illegal anti-dumping measures in 2005 against Argentina s exports of PET resins products. Argentina refused accepting decision made by recreated Permanent Review Court of MERCOSUR to protest. Challenge I Challenge II 45 It is not possible for Bolivia to continue to subsidize gas for Brazil. For once and for all, we are going to do away with these inequities. We only want a fair price. Evo Morales, Bolivia s president. Challenge I Challenge II 46 23

24 Challenge I Challenge II 47 Competition with Foreign Groups Even with zero-tariff and free trade, members of MERCOSUR are threatened by foreign countries with different economic measures. America s frequent dumping activities of agricultural goods such as soybean and wheat on south America threatened wheat exporting countries like Uruguay and cotton exporting countries like Brazil. Challenge I Challenge II 48 24

25 Challenge I Challenge II 49 Challenge I Challenge II 50 25

26 Beside economic measures, foreign groups such as EU and America also possess relatively advanced technology in production(e.g Genetically modified food), providing them with clear absolute advantage in production. Challenge I Challenge II 51 Conclusion Role Future perspectives Challenge I Challenge II 52 26

27 Role Mercosur is given the capability to combine resources to balance the activities of other global economic powers, especially the North American Free Trade Agreement(NAFTA) and the European Union. Today, it is viewed as the principal vehicle for the political, economic and cultural integration of Latin America. Challenge I Challenge II 53 Future Perspectives MERCOSUR intended to be merely a customs union as a result of bilateral negotiations between Argentina and Brazil in 90s. More members (e.p Venezuela, Bolivia) joining the bloc implies the existing operating system is not enough for the organization. The construction of an institutional framework to support multilateral negotiations would be necessary, a think tank alike OECD (Organization for Economic Cooperation and Development) should be established for purpose. Challenge I Challenge II 54 27

28 Obviously, we have serious problems because there is no institution responsible for resolving conflicts.this makes it harder to resolve a number of issues that can be resolved in a legal way before reaching the presidential level. Theotonio dos Santos Challenge I Challenge II 55 Thank You!! Challenge I Challenge II Conclusion 56 28

MERCOSUR. r e p o r t. EXECUTIVE SUMMARY 2010 Second Semester 2011 First Semester

MERCOSUR. r e p o r t. EXECUTIVE SUMMARY 2010 Second Semester 2011 First Semester 16 MERCOSUR r e p o r t EXECUTIVE SUMMARY 2010 Second Semester 2011 First Semester Integration & Trade Sector Institute for the Integration of Latin America and the Caribbean MERCOSUR Report N 16 Executive

More information

ARGENTINA: A Strategic Investment and Business Destination

ARGENTINA: A Strategic Investment and Business Destination ARGENTINA: A Strategic Investment and Business Destination Undersecretariat for Investment Development and Trade Promotion Secretariat of International Economic Relations Ministry of Foreign Affairs and

More information

Colombia: An Upcoming Emerging Market for International Investors April 2012

Colombia: An Upcoming Emerging Market for International Investors April 2012 Colombia: An Upcoming Emerging Market for International Investors April 2012 Proexport is the organization within the Colombian Government responsible for the promotion of International Tourism, Foreign

More information

International economic context and regional impact

International economic context and regional impact Contents I. GDP growth trends in Latin America and the Caribbean in 2012 II. Regional performance in 2012: Inflation, employment and wages External sector Policies: Fiscal and Monetary III. Conclusions

More information

Regional Director Latin America and Caribbean

Regional Director Latin America and Caribbean U.S. GRAINS COUNCIL Around the world; Around the clock Kurt Shultz Regional Director Latin America and Caribbean Leveraged Funding Non-Cash $7.8 Million Member Cash $5.2 Million FAS Funds $14.8 Million

More information

Contribution from UNCTAD dated: 4 June 2012

Contribution from UNCTAD dated: 4 June 2012 Report of the UN Secretary-General: Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba (A/67/118) Contribution from UNCTAD dated: 4

More information

EUROPEAN UNION AND MERCOSUR: REGIONALISM AND COOPERATIVES

EUROPEAN UNION AND MERCOSUR: REGIONALISM AND COOPERATIVES EUROPEAN UNION AND MERCOSUR: REGIONALISM AND COOPERATIVES Prof Claudia Sanchez Bajo, PhD Governance Innovation Week, University of Pretoria, 4 May 2014 1 Introduction Institutional and policy framework

More information

COMMISSION OF THE EUROPEAN COMMUNITIES COMMUNICATION FROM THE COMMISSION. Developing an EU civil aviation policy towards Brazil

COMMISSION OF THE EUROPEAN COMMUNITIES COMMUNICATION FROM THE COMMISSION. Developing an EU civil aviation policy towards Brazil COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 5.5.2010 COM(2010)210 final COMMUNICATION FROM THE COMMISSION Developing an EU civil aviation policy towards Brazil COMMUNICATION FROM THE COMMISSION Developing

More information

The whole of Mercosur in exchange for a plate of beef

The whole of Mercosur in exchange for a plate of beef The whole of Mercosur in exchange for a plate of beef Briefing paper by Mary Louise Malig Jai Mansson/Flickr After 20 years of negotiations, the EU-Mercosur Free Trade Agreement (FTA) is entering a crucial

More information

ECONOMY AND PLANNING SECRETARIAT. State of São Paulo: Overview. State of São Paulo: The best investment opportunities ECONOMY AND PLANNING SECRETARIAT

ECONOMY AND PLANNING SECRETARIAT. State of São Paulo: Overview. State of São Paulo: The best investment opportunities ECONOMY AND PLANNING SECRETARIAT State of São Paulo: Overview State of São Paulo: The best investment opportunities ECONOMY AND PLANNING SECRETARIAT April 2009 Territory, Population and Economy Area > 4 million km 2 Population > 100 million

More information

MERCOSUR s External Agenda: It is adjusted to the needs of Paraguay?

MERCOSUR s External Agenda: It is adjusted to the needs of Paraguay? MERCOSUR s External Agenda: It is adjusted to the needs of Paraguay? A general equilibrium approach HORACIO SANTANDER 1 CONTENT ABSTRACT.... 3 INTRODUCTION...... 4 BACKGROUND..... 6 CURRENT SITUATION OF

More information

Contribution from UNCTAD dated: 29 June 2010

Contribution from UNCTAD dated: 29 June 2010 Report of the UN Secretary-General: Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba (A/65/83) Contribution from UNCTAD dated: 29

More information

Experience from Chile

Experience from Chile MULTIMODAL TRANSPORT AND TRANSIT SOLUTIONS Experience from Chile Ashgabat, Turkmenistan 26 27 november 2016 MULTIMODALITY Multimodal Transport takes us to address the following issues: 1.- Transport costs

More information

4Q15 and 2015 Results Presentation. March 30, 2016

4Q15 and 2015 Results Presentation. March 30, 2016 4Q15 and 2015 Results Presentation March 30, 2016 Highlights Paulo Kakinoff CEO Highlights Macro Environment Even more adverse environment for the Brazilian economy, with a GDP drop of 3.8% in 2015 Devaluation

More information

CHILE: A RELIABLE PARTNER FOR ASIA

CHILE: A RELIABLE PARTNER FOR ASIA CHILE: A RELIABLE PARTNER FOR ASIA I ASIA COPPER WEEK CONFERENCE November 2012 Shanghai, China HERNÁN DE SOLMINIHAC Minister of Mining Santiago de Chile Source:SERNATUR CHILE A reliable partner for Asia

More information

VIII MEETING OF NATIONAL COORDINATORS. Pilot Project Program Border Crossings Summary and Conclusions. Jorge H. Kogan

VIII MEETING OF NATIONAL COORDINATORS. Pilot Project Program Border Crossings Summary and Conclusions. Jorge H. Kogan VIII MEETING OF NATIONAL COORDINATORS Pilot Project Program Border Crossings Summary and Conclusions Jorge H. Kogan Infrastructure Vice-Presidency - DAPS Andean Development Corporation Buenos Aires, June

More information

Rakennusalan mahdollisuudet Latinalaisessa Amerikassa. Heta Pyhälahti Region Americas

Rakennusalan mahdollisuudet Latinalaisessa Amerikassa. Heta Pyhälahti Region Americas Rakennusalan mahdollisuudet Latinalaisessa Amerikassa 25.5.2010 Finpro Finpro Heta Pyhälahti Region Americas Content Latin American countries and Construction ti sectors Reconstruction in Chile Timber

More information

Trade Arrangements and Opportunities in SADC

Trade Arrangements and Opportunities in SADC 12 June 2008 Park Hyatt Johannesburg, South Africa Trade Arrangements and Opportunities in SADC Peter Draper Trade Project Head South African Institute of International Affairs Overview Review of Broad

More information

Wednesday, 19 MAR 1:15 p.m 2:30 p.m. PRESENTED BY: Rich Nath BaseOps International

Wednesday, 19 MAR 1:15 p.m 2:30 p.m. PRESENTED BY: Rich Nath BaseOps International South America Review Wednesday, 19 MAR 1:15 p.m 2:30 p.m. PRESENTED BY: Rich Nath BaseOps International International Operators Conference Tampa, FL March 17 20, 2014 Overview South America Review South

More information

SADC SELECTED ECONOMIC AND SOCIAL INDICATORS, 2016

SADC SELECTED ECONOMIC AND SOCIAL INDICATORS, 2016 SADC SELECTED ECONOMIC AND SOCIAL INDICATORS, 2016 1. INTRODUCTION This report is an attempt to provide data series and a brief trend analysis of the major socio-economic characteristics of SADC region

More information

Peru: Investment Opportunities Infrastructure and public services

Peru: Investment Opportunities Infrastructure and public services Peru: Investment Opportunities Infrastructure and public services 2017-2018 PERU S STRONG MACROECONOMIC CREDENTIALS Real GDP, 2004-2018* (%Variation) Real GDP Forecasts for Latin America 2017 (Annual Average

More information

EUROPEAN COMMISSION EXTERNAL RELATIONS DIRECTORATE GENERAL. DIRECTORATE Latin America Mercosur, Chile Unit 0HUFRVXUÃ'HVN

EUROPEAN COMMISSION EXTERNAL RELATIONS DIRECTORATE GENERAL. DIRECTORATE Latin America Mercosur, Chile Unit 0HUFRVXUÃ'HVN EUROPEAN COMMISSION EXTERNAL RELATIONS DIRECTORATE GENERAL DIRECTORATE Latin America Mercosur, Chile Unit 0HUFRVXUÃ'HVN 1 3.1. Regional integration process within Mercosur 3.2. Institutions and bodies

More information

BTMU Focus Latin America Argentina: Export Profile

BTMU Focus Latin America Argentina: Export Profile BTMU Focus Latin America Argentina: Export Profile MUFG UNION BANK Economic Research (New York) Hongrui Zhang Latin America Economist hozhang@us.mufg.jp +1(212)782-5708 Updated November 25, 2015 Argentine

More information

The Impact of Global Value Chain on APEC Major Economies Competitiveness and Industrial Structure upgrading

The Impact of Global Value Chain on APEC Major Economies Competitiveness and Industrial Structure upgrading The Impact of Global Value Chain on APEC Major Economies Competitiveness and Industrial Structure upgrading Zhang Yaxiong, Yuan Jianqin Department of Economic Forecasting State Information Center (SIC)

More information

Contribution from UNCTAD dated: 21 May 2013

Contribution from UNCTAD dated: 21 May 2013 Report of the UN Secretary-General: Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba (A/68/116) Contribution from UNCTAD dated: 21

More information

Prospects for international tourism

Prospects for international tourism Prospects for international tourism Project LINK UN DESA Expert Group Meeting on the World Economy, NYC, USA 24-26 October 211 John G.C. Kester Programme Manager, Tourism Trends and Marketing Strategies

More information

Latin America: Outlook and Challenges Alejandro Werner Director Western Hemisphere Department

Latin America: Outlook and Challenges Alejandro Werner Director Western Hemisphere Department International Monetary Fund Washington, DC. May, 3 Latin America: Outlook and Challenges Alejandro Werner Director Western Hemisphere Department Developments and Outlook Policy Challenges and Priorities

More information

APEC. in Charts 2016 POLICY SUPPORT UNIT

APEC. in Charts 2016 POLICY SUPPORT UNIT APEC in Charts 2016 POLICY SUPPORT UNIT Asia-Pacific Economic Cooperation (APEC) was established in 1989. The 21 Member Economies are Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong, China;

More information

Second quarter 2013 Results Presentation. August, 2013

Second quarter 2013 Results Presentation. August, 2013 Second quarter 2013 Results Presentation August, 2013 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results. These

More information

BRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (2011) Copyright 2012 by the U.S. Travel Association. All Rights Reserved.

BRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (2011) Copyright 2012 by the U.S. Travel Association. All Rights Reserved. BRAZIL INTERNATIONAL INBOUND TRAVEL MARKET PROFILE (211) Copyright 212 by the U.S. Travel Association. All Rights Reserved. EXECUTIVE SUMMARY With a population of nearly 2 million and a GDP exceeding $2

More information

UBS 14 th Global Emerging Markets Conference. New York, November 2016

UBS 14 th Global Emerging Markets Conference. New York, November 2016 UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More information

Annex Multilateral Conventions 1. SUBJECT Where and When Signed Multilateral Organization Vienna Convention on Vienna, April 24, 1963

Annex Multilateral Conventions 1. SUBJECT Where and When Signed Multilateral Organization Vienna Convention on Vienna, April 24, 1963 Annex 3 MULTILATERAL AND BILATERAL JUDICIAL COOPERATION INSTRUMENTS SIGNED BY COLOMBIA (Special Reference to Latin American Countries, Spain and Portugal) 1. Multilateral Conventions 1 SUBJECT Where and

More information

Tourism Towards 2030

Tourism Towards 2030 Tourism Towards 23 Agenda Item 5a 24 th Joint Meeting of the UNWTO Commission for East Asia and the Pacific and the UNWTO Commission for South Asia 4 May 212 Chiang Mai, Thailand million Tourism 22 Vision

More information

Regional Activities. 25 June Carlos Vogeler Director Executive Secretary for Members Relations and Regional Director for the Americas UNWTO

Regional Activities. 25 June Carlos Vogeler Director Executive Secretary for Members Relations and Regional Director for the Americas UNWTO Regional Activities 25 June 214 Carlos Vogeler Director Executive Secretary for Members Relations and Regional Director for the Americas UNWTO UNWTO documents distributed 1. UNWTO Tourism Highlights (214

More information

CARICOM FRAMEWORK ON PUBLIC PROCUREMENT

CARICOM FRAMEWORK ON PUBLIC PROCUREMENT CARICOM FRAMEWORK ON PUBLIC PROCUREMENT PRESENTATION AT REGIONAL MEETING ON PUBLIC PROCUREMENT SYSTEMS IN LATIN AMERICA AND THE CARIBBEAN 15-16 July 2015 Quito, Ecuador CONTENT OF PRESENTATION Background

More information

Highlights of The Travel & Tourism Competitiveness Report 2008

Highlights of The Travel & Tourism Competitiveness Report 2008 Highlights of The Travel & Tourism Competitiveness Report 2008 Switzerland is number one in the Travel & Tourism Competitiveness Index (TTCI) 2008, followed by Austria and Germany, the same as in the TTCI

More information

Africa 1. About how many miles is it from the capital of Burkina Faso to the capital of Gambia? 3. What country has the second highest birthrate?

Africa 1. About how many miles is it from the capital of Burkina Faso to the capital of Gambia? 3. What country has the second highest birthrate? Pts Answers - (Write answers in Answers column. Do Not mark in Pts. Column.) Africa 1. About how many miles is it from the capital of Burkina Faso to the capital of Gambia? 2. The continent's two largest

More information

United Kingdom. How does Travel & Tourism compare to other sectors? GDP. Size. Share. UK GDP Impact by Industry. UK GDP Impact by Industry

United Kingdom. How does Travel & Tourism compare to other sectors? GDP. Size. Share. UK GDP Impact by Industry. UK GDP Impact by Industry United Kingdom Stonehenge in Wiltshire Agriculture Automotive Banking Chemicals Communications Education Financial Mining Other Service Manufacturing Manufacturing Services Exports Retail (without wholesale)

More information

Impact of Liberalisation on Selected Countries

Impact of Liberalisation on Selected Countries strategic transportation & tourism solutions Impact of on Selected Countries Dr. Michael Tretheway InterVISTAS Consulting Inc. November 15, 29 Presentation Outline Study overview and objectives Background

More information

Benchmarking Travel & Tourism in United Arab Emirates

Benchmarking Travel & Tourism in United Arab Emirates Benchmarking Travel & Tourism in United Arab Emirates How does Travel & Tourism compare to other sectors? Summary of Findings, November 2013 Sponsored by: Outline Introduction... 3 UAE summary...... 8

More information

Intra-African Air Services Liberalization

Intra-African Air Services Liberalization Intra-African Air Services Liberalization James Wiltshire Senior Economist, www.iata.org/economics To represent, lead and serve the airline industry Aviation connects African businesses to world markets

More information

Benchmarking Travel & Tourism in Russia

Benchmarking Travel & Tourism in Russia Benchmarking Travel & Tourism in Russia How does Travel & Tourism compare to other sectors? Sponsored by: Summary of Findings, November 2013 Outline Introduction... 3 Russia summary..... 8 Data sources

More information

REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, APRIL, 2004

REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, APRIL, 2004 REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, 27-29 APRIL, 2004 JAMAICA S EXPERIENCE WITH AIR TRANSPORT LIBERALIZATION INTRODUCTION Today, the

More information

Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8%

Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8% Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8% Montréal, 24 October Global airport passenger traffic lost momentum from a growth rate of 5.4% in July to 3.6%

More information

58% Estimated GDP per capita (2012) $9,095 USD. 5% GDP growth (2011) 9.3% 20% GDP growth (2012) 7.7% 23% Forecasted GDP growth (2013) 7.

58% Estimated GDP per capita (2012) $9,095 USD. 5% GDP growth (2011) 9.3% 20% GDP growth (2012) 7.7% 23% Forecasted GDP growth (2013) 7. China JUNE 2014 Overview China was British Columbia s (BC) second largest international market in terms of direct customs entries in 2013; up two spots from 2012. BC accounted for nearly 6 of China s direct

More information

China s Western Development Drive: from the Perspective of Inclusive Growth

China s Western Development Drive: from the Perspective of Inclusive Growth China s Western Development Drive: from the Perspective of Inclusive Growth WEI Houkai Prof. and Deputy Director Institute for Urban and Environmental Studies Chinese Academy of Social Sciences 2010-12-10

More information

A S I A - P A C I F I C C O O P E R A T I O N

A S I A - P A C I F I C C O O P E R A T I O N A S I A - P A C I F I C E C O N O M I C C O O P E R A T I O N Close cooperation between our government and the private sector is indispensable to ensuring our work in the APEC forum serves the needs of

More information

Civil Aircraft Sources: European Commission, Tyson, Irwin-Pavcnik, NYTimes

Civil Aircraft Sources: European Commission, Tyson, Irwin-Pavcnik, NYTimes Civil Aircraft Sources: European Commission, Tyson, Irwin-Pavcnik, NYTimes The civil aircraft industry is mainly concentrated in the EU and in the United States. The Large Civil Aircraft (LCA -- planes

More information

Tourist Arrivals in the APEC Region

Tourist Arrivals in the APEC Region Tourist Arrivals in the APEC Region 14 th Global Forum on Tourism Statistics Venice, Italy 24 November 2016 Presented by Emmanuel A. San Andres, Analyst APEC Policy Support Unit Copyright 2015 APEC Secretariat

More information

ARGENTINA ARGENTINA (1999) 1. The past year has been one of important changes in Argentina, and also, in its competition policy.

ARGENTINA ARGENTINA (1999) 1. The past year has been one of important changes in Argentina, and also, in its competition policy. ARGENTINA (1999) 1. The past year has been one of important changes in Argentina, and also, in its competition policy. 2. The most important change last year was the approval of the new competition law

More information

AirportInfo. ACI-NA 2011 Traffic Report

AirportInfo. ACI-NA 2011 Traffic Report AirportInfo ACI-NA 2011 Traffic Report July 2012 2011 ACI World Airport Traffic Summary North America 2011 % Change 2010 Worldwide 2011 % Change 2010 Total Passengers 1.5B Up 1.8% 5.1B Up 5.2% Total International

More information

WT/TPR/S/299 OECS-WTO Members - 5 -

WT/TPR/S/299 OECS-WTO Members - 5 - - 5 - SUMMARY 1. The WTO Members of the Organization of Eastern Caribbean States (OECS WTO Members) consist of six independent states located in the Lesser Antilles: Antigua and Barbuda, Dominica, Grenada,

More information

Information meeting. Third quarter results. March 2011

Information meeting. Third quarter results. March 2011 Information meeting Third quarter 2010-11 results 1 March 2011 Agenda 2010-11: recovery in activity and return to profitability Current issues Air France-KLM ambitions for the next three years 2 All businesses

More information

SALVADOR DECLARATION. Adopted in the city of Salvador de Bahia on 16 November 2009 by the XVIII ACI LAC Annual General Regional Assembly

SALVADOR DECLARATION. Adopted in the city of Salvador de Bahia on 16 November 2009 by the XVIII ACI LAC Annual General Regional Assembly SALVADOR DECLARATION Adopted in the city of Salvador de Bahia on 16 November 2009 by the XVIII ACI LAC Annual General Regional Assembly 1 IN CONSIDERATION: That the Airports Council International for Latin

More information

Southern Illinois Trade. March 16-27, 2009

Southern Illinois Trade. March 16-27, 2009 ILLINOIS SBDC INTERNATIONAL TRADE CENTER & AND ILLINOIS OFFICE OF TRADE AND INVESTMENT: Southern Illinois Trade Mission to South America March 16-27, 2009 Brazil, Argentina, Chile, Peru SOUTHERN ILLINOIS

More information

African Competition Forum Six Country Research Project

African Competition Forum Six Country Research Project African Competition Forum Six Country Research Project (key insights) Omar O Jobe (Director/Project Manager) 5 th Meeting of the UNCTAD Research Partnership Platform Geneva, 11 th July 2014 The views expressed

More information

International Civil Aviation Organization WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING. Montréal, 18 to 22 March 2013

International Civil Aviation Organization WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING. Montréal, 18 to 22 March 2013 International Civil Aviation Organization WORKING PAPER 5/3/13 English only WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING Montréal, 18 to 22 March 2013 Agenda Item 2: Examination of key issues

More information

FIRST QUARTER 2017 RESULTS. 4 May 2017

FIRST QUARTER 2017 RESULTS. 4 May 2017 FIRST QUARTER 2017 RESULTS 4 May 2017 A resilient start of the year, traffic up 4.2% 20.9 million passengers carried, up 5.2%, traffic (RPK) up 4.2%, capacity (ASK) up 3.3% and load factor up 0.7pts Confirmation

More information

Integration in Latin America

Integration in Latin America Integration in Latin America Gabriele Tondl and Timo Bass Recent Economic Developments in LA In the 1950, 1960s and 1970s, LA countries practised an economic regime characterized by market intervention

More information

REPUBLIC OF KOSOVO Ministry of Trade and Industry. reasons IN KOSOVO

REPUBLIC OF KOSOVO Ministry of Trade and Industry. reasons IN KOSOVO REPUBLIC OF KOSOVO Ministry of Trade and Industry TOP 10 reasons IN KOSOVO 1 Youngest population in Europe With an average age of 25 years, Kosovo has the youngest population in Europe. Albanian and Serbian

More information

Textile Per Capita Consumption

Textile Per Capita Consumption January 2018 Textile Per Capita Consumption 2005-2022 Part 2: Upper middle income countries - - CHF500.- Table of Contents Preface... 4 Sources... 5 Definitions... 6 Charts... 7 Executive Summary... 10

More information

Série Textos para Discussão

Série Textos para Discussão Universidade Federal do Rio de J a neiro Instituto de Economia TERMS-OF-TRADE FLUCTUATIONS AND THEIR IMPLICATIONS FOR EXCHANGE-RATE COORDINATION IN MERCOSUR TD. 015/2004 Nelson H. Barbosa-Filho Série Textos

More information

Latin American Revolutions of the early 1800s

Latin American Revolutions of the early 1800s Latin American Revolutions of the early 1800s I. Background The Spanish/Portuguese Colonial System A. The Roles of Colonies fulfillment of mercantilism for Spain and Portugal 1. Plantation Agriculture

More information

The Multilateral Agreement on the Liberalization of International Air Transportation

The Multilateral Agreement on the Liberalization of International Air Transportation Seminar prior to the ICAO Worldwide Air Transport Conference Aviation in Transition: Challenges & Opportunities of Liberalization Session 1: The Liberalization Experience The Multilateral Agreement on

More information

Conference Call 1Q14 Results. Investor Relations May 15, 2014

Conference Call 1Q14 Results. Investor Relations May 15, 2014 Conference Call Results Investor Relations May 15, 2014 1 Highlights 2 Highlights Net revenues of R$2.5 billion in the quarter, an increase of 20% or R$411 million quarter-over-quarter; EBIT totaled R$144

More information

THE CHICAGO CONVENTION AS A SOURCE OF INTERNATIOINAL AIR LAW

THE CHICAGO CONVENTION AS A SOURCE OF INTERNATIOINAL AIR LAW THE CHICAGO CONVENTION AS A SOURCE OF INTERNATIOINAL AIR LAW Professor Dr. Paul Stephen Dempsey Director, Institute of Air & Space Law McGill University Copyright 2015 by Paul Stephen Dempsey. Sources

More information

THAILAND HOW DOES TRAVEL & TOURISM COMPARE TO OTHER SECTORS? BENCHMARK REPORT THAILAND 1 SPONSORS OF BENCHMARKING REPORT 2017

THAILAND HOW DOES TRAVEL & TOURISM COMPARE TO OTHER SECTORS? BENCHMARK REPORT THAILAND 1 SPONSORS OF BENCHMARKING REPORT 2017 THAILAND AGRICULTURE AUTOMOTIVE MANUFACTURING BANKING CHEMICALS MANUFACTURING COMMUNICATIONS CONSTRUCTION FINANCIAL SERVICES MINING OTHER SERVICE EXPORTS RETAIL (WITHOUT WHOLESALE) TOTAL ECONOMY TRAVEL

More information

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections* 1 Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*. This is a 1,351 increase over 2016 and a doubling of service since 1996, when there

More information

Evaluating the Importance of. Australia Indonesia Economic Relations

Evaluating the Importance of. Australia Indonesia Economic Relations Evaluating the Importance of Australia Indonesia Economic Relations BUDY P. RESOSUDARMO (IP ANU) KIKI VERICO (LPEM FEB UI) DONNY PASARIBU (LPEM FEB UI) Preview of the paper and its substance Contents

More information

Chile. Tourism in the economy. Tourism governance and funding

Chile. Tourism in the economy. Tourism governance and funding Chile Tourism in the economy Tourism in Chile has experienced a sustained rise in recent years and has become one of the sectors delivering the fastest growth and employment generation. It has been estimated

More information

The US is now in command of this relationship and must use its new leverage to secure change, on many fronts.

The US is now in command of this relationship and must use its new leverage to secure change, on many fronts. Trading With Cuba in a New Era Statement of J. Robert Vastine Senior Industry and Innovation Fellow Center for Business and Public Policy McDonough School of Business, Georgetown University US International

More information

Cuba and Trade: a Sixth District Connection

Cuba and Trade: a Sixth District Connection Cuba and Trade: a Sixth District Connection Economics and history students, learn about the Federal Reserve s structure, including the 12 Reserve Banks and 24 branch offices stretching across the country.

More information

Results of Tourism Activity

Results of Tourism Activity Results of Tourism Activity Mexico, June Undersecretariat of Planning and Tourism Policy Available in http://www.datatur.sectur.gob.mx/sitepages/versionesrat.aspx DIRECTORy ENRIQUE DE LA MADRID CORDERO

More information

Tourist Traffic in the City of Rijeka For the Period Between 2004 and 2014

Tourist Traffic in the City of Rijeka For the Period Between 2004 and 2014 Tourist Traffic in the City of Rijeka For the Period Between 2004 and 2014 Rijeka, February 2015. Table of Contents Pg No. 1. Introduction 3 2. Physical indicators on an annual level 4 2.1. Structure and

More information

Past, present and future of the electricity and gas integration between Chile and Argentina

Past, present and future of the electricity and gas integration between Chile and Argentina Past, present and future of the electricity and gas integration between Chile and Argentina Hugh Rudnick & Carlos Silva Boston, July 2016 2 Summary Analyze the love & hate relation between Argentina and

More information

Hong Kong: La Plateforme pour la diversification de vos affaires en Chine et en Asie

Hong Kong: La Plateforme pour la diversification de vos affaires en Chine et en Asie Hong Kong: La Plateforme pour la diversification de vos affaires en Chine et en Asie Miss Gloria Lo Director of Hong Kong Economic and Trade Office June 1 st, 2012 Hong Kong Economic and Trade Office (Toronto)

More information

International University of Applied Sciences Bad Honnef Bonn School of Business and Management. Bachelor Aviation Management

International University of Applied Sciences Bad Honnef Bonn School of Business and Management. Bachelor Aviation Management International University of Applied Sciences Bad Honnef Bonn School of Business and Management Bachelor Aviation Management Post-Brexit Scenarios of EU- UK Relationship in Air Traffic Markets Student Number:

More information

Session 2 - A Statistical Analysis of the Region s Exports

Session 2 - A Statistical Analysis of the Region s Exports Caribbean Export Development Agency Caribbean Exporter s Colloquium March 20-21, 2013, Hilton Barbados Resort Bridgetown, Barbados Session 2 - A Statistical Analysis of the Region s Exports Neoliberalization,

More information

Economic Impacts of Campgrounds in New York State

Economic Impacts of Campgrounds in New York State Economic Impacts of Campgrounds in New York State June 2017 Report Submitted to: Executive Summary Executive Summary New York State is home to approximately 350 privately owned campgrounds with 30,000

More information

Tourism Potentials in Poverty Reduction in South Asia

Tourism Potentials in Poverty Reduction in South Asia Tourism Potentials in Poverty Reduction in South Asia Prem Manandhar * and Golam Rasul ** * Partnership and Planning Officer ** Policy Development Specialist International Centre for Integrated Mountain

More information

CAMPER CHARACTERISTICS DIFFER AT PUBLIC AND COMMERCIAL CAMPGROUNDS IN NEW ENGLAND

CAMPER CHARACTERISTICS DIFFER AT PUBLIC AND COMMERCIAL CAMPGROUNDS IN NEW ENGLAND CAMPER CHARACTERISTICS DIFFER AT PUBLIC AND COMMERCIAL CAMPGROUNDS IN NEW ENGLAND Ahact. Early findings from a 5-year panel survey of New England campers' changing leisure habits are reported. A significant

More information

AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS

AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS Moscow, 1 March 2018 Aeroflot Group ( the Group, Moscow Exchange ticker: AFLT) today publishes its audited financial statements in accordance with International

More information

Overview of Agreements on Civil Aviation Safety (Bilateral Agreements) signed by the EU

Overview of Agreements on Civil Aviation Safety (Bilateral Agreements) signed by the EU Event 2017 Overview of Agreements on Civil Aviation Safety (Bilateral Agreements) signed by the EU Speaker: Georg J. Stoecker, QCM Q.C.M. quality control management AG Eichholzweg 22-24 CH-3123 Belp Tel:

More information

Venezuela Joins Mercosur: The Impact Felt around the Americas

Venezuela Joins Mercosur: The Impact Felt around the Americas Law and Business Review of the Americas Volume 16 2010 Venezuela Joins Mercosur: The Impact Felt around the Americas Kristin L. Brown Follow this and additional works at: http://scholar.smu.edu/lbra Recommended

More information

August Briefing. Why airport expansion is bad for regional economies

August Briefing. Why airport expansion is bad for regional economies August 2005 Briefing Why airport expansion is bad for regional economies 1 Summary The UK runs a massive economic deficit from air travel. Foreign visitors arriving by air spent nearly 11 billion in the

More information

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS Global air travel rose 5.7% in June compared to a year ago, a slowdown on the strong May increase of 6.9%. The deceleration is due to slower growth in

More information

Content Statement: Explain how Enlightenment ideals influenced the French Revolution and Latin American wars for independence.

Content Statement: Explain how Enlightenment ideals influenced the French Revolution and Latin American wars for independence. Reforms, Revolutions, and Chapter War 9.3 Section 3 Independence in Latin America Content Statement: Explain how Enlightenment ideals influenced the French Revolution and Latin American wars for independence.

More information

BUILDING A REGIONAL INFRASTRUCTURE FOR THE FUTURE OF INTERNET IN LATIN AMERICA

BUILDING A REGIONAL INFRASTRUCTURE FOR THE FUTURE OF INTERNET IN LATIN AMERICA BUILDING A REGIONAL INFRASTRUCTURE FOR THE FUTURE OF INTERNET IN LATIN AMERICA A report to the CAF La:n American Development Bank Telecom Advisory Services, LLC FUTURECOM Rio de Janeiro, October 24, 2013

More information

BREXIT & AVIATION. Market Interdependence and Economic value

BREXIT & AVIATION. Market Interdependence and Economic value BREXIT & AVIATION Market Interdependence and Economic value Background ACI EUROPE position On 24 June 2016, taking stock of the results of the UK referendum on EU membership, ACI EUROPE publicly called

More information

AirportInfo. Economic Indicators & Traffic

AirportInfo. Economic Indicators & Traffic AirportInfo Economic Indicators & Traffic March 2012 U.S. & Canadian GDP Economic Focus 6% 4% US Canada 2% 0% -2% -4% -6% -8% -10% GDP growth improved slightly for both the U.S. and Canada in the third

More information

Global Airline Trends and Impacts International Aviation Issues Seminar

Global Airline Trends and Impacts International Aviation Issues Seminar Global Airline Trends and Impacts International Aviation Issues Seminar December 2017, Washington D.C. Oliver Lamb Managing Director 1 Around the world in 45 minutes Financial Performance Canada Mexico

More information

STATEMENT OF PROBLEMS OF THE PROJECT

STATEMENT OF PROBLEMS OF THE PROJECT Strategic planning and the development of Vladivostok city local economic policy Andrey Velichko (Far Eastern State University, Vladivostok city, Russia) the presenter Alexandr Abramov, Yuriy Avdeev, Denis

More information

Air Law, Regulation and Compliance Management

Air Law, Regulation and Compliance Management Air Law, Regulation and Compliance Management Course designed for: the Istanbul Technical University & the Turkish Aviation Academy To be offered in February 2015 Organised by: the McGill University Institute

More information

The Benefits of Attendee Travel Management

The Benefits of Attendee Travel Management The Benefits of Attendee Travel Management Travel to and from a meeting or an event is very much part of each attendee s event experience. Meeting planners and attendees alike can benefit from inclusion

More information

Airline Operating Costs Dr. Peter Belobaba

Airline Operating Costs Dr. Peter Belobaba Airline Operating Costs Dr. Peter Belobaba Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 12: 30 March 2016 Lecture Outline

More information

Submission to Ministry of Transport: International Air Transport Policy Review. New Zealand Air Line Pilots Association

Submission to Ministry of Transport: International Air Transport Policy Review. New Zealand Air Line Pilots Association Submission to Ministry of Transport: International Air Transport Policy Review New Zealand Air Line Pilots Association Ministry of Transport - International Air Transport Policy 2 Objective of NZ international

More information

Presentation Outline. Overview. Strategic Alliances in the Airline Industry. Environmental Factors. Environmental Factors

Presentation Outline. Overview. Strategic Alliances in the Airline Industry. Environmental Factors. Environmental Factors Presentation Outline Strategic Alliances in the Airline Industry Samantha Feinblum Ravit Koriat Overview Factors that influence Strategic Alliances Industry Factors Types of Alliances Simple Carrier Strong

More information

The Financial Agenda: Investment Climate in South America

The Financial Agenda: Investment Climate in South America The Financial Agenda: Investment Climate in South America Guayaquil, Ecuador Clay B Dickinson Managing Director, Latin America Hotel and Hospitality Source: Traveltobank.com Global Hotel Investment Market

More information

Overview. Eero Ailio European Commission

Overview. Eero Ailio European Commission Overview Eero Ailio European Commission UN/US Expert Meeting Vienna 13-17 December 2004 1 Position and Galileo key features timing Services Galileo+GPS International Public Private Partnership 2 Galileo:

More information