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Peru and the UK Sign Reconstruction Agreement

Peru and the UK Sign Reconstruction Agreement

In June 2020, the UK government won Peru’s bid for the “Integral plan for the reconstruction of the damaged infrastructure of the Northern regions of Peru affected by floods in 2017", also called the Reconstruction Agreement or Programme. This government-to-government agreement involves the reconstruction of Peruvian infrastructure and the construction of preventative measures against natural disasters. Parties involved in the Peru-UK Reconstruction Agreement The Reconstruction Agreement involves an investment of approximately US$2.020 billion. The Reconstruction Agreement was signed on 22 June 2020, between the Peruvian government, represented by the Authority for Reconstruction with Changes (ARCC), and the UK government, represented by the Department for International Trade (DIT). The investment is worth S/7 billion (approximately US$2.020 billion) and will last for 2 years, with allowance for a third year. The project will be carried out by 3 companies forming the UK Delivery Team: Mace Limited, Arup Limited and Gleeds International Limited. The Peru-UK partnership is an enduring one. The UK was Peru’s lead partner while delivering the Lima 2019 Games, the fourth largest sports event in the world. Following the success of this partnership, the Reconstruction Agreement only further strengthens these regional commitments. Reconstruction projects The 2017 Coastal El Niño is a natural disaster that severely affected many Peruvian regions. Heavy rains, landslides, and floods destroyed infrastructure and crops, leaving people homeless. The Peru-UK Reconstruction Agreement...

Belize Strengthening International Trade Relations

Belize Strengthening International Trade Relations

Belize is making great efforts to strengthen its international trade relations and attract new business to its shores. The focus is on both existing and new trade relationships.The Belizean government undertook several country visits, meetings, and other engagements in order to strengthen its international ties with significant partners. We outline the most recent and most important international trade relationships developing in Belize.  Overview: Belize international trade relations Belize is focussed on furthering trade relationships with a number of key partners, including Mexico, Florida (US) and Taiwan. Trade relationship with Mexico in construction sector development  A delegation from the Belizean government visited Merida City in Mexico for technical exchange. The Ministry of Housing and Urban Development aims to strengthen Belize's trade relations with Mexico regarding construction sector development. The 2 countries are progressing through a Building Sector Reform Project in partnership with the Belizean Economic Development Council. The goal of that project is to improve and modernize the business climate and sustainability of planning and developing within the Belizean construction sector. As part of developing the Belize-Mexico trade relationship, a delegation from the Belizean government visited Merida City in Mexico for technical exchange. The delegation assembled with the Merida City Council and the Department of Urban Development. The purpose of this exchange was to strengthen the institutional capacity of key public agencies in the areas of...

Business Opportunities in Brazil’s Construction Sector

Business Opportunities in Brazil’s Construction Sector

The construction sector in Brazil is a key contributor to GDP growth, with large cities located in all regions and a vast workforce available to operate in a rapidly expanding market. The construction market in Brazil offers key opportunities for the foreign multinational company expanding into Latin America.  The construction sector is not only responsible for construction operations alone, but for an entire chain connecting different types of service providers and suppliers. We explore opportunities emerging in the Brazilian construction market for businesses. Why do business in Brazil’s construction sector?  The construction sector is not only responsible for construction operations alone, but for an entire chain connecting different types of service providers and suppliers. Brazil has one of the most skilled workforces in Latin America. In addition, it’s the region’s largest economy with the largest population. These elements present an ideal hub for expanding companies to develop their business in the region. From Brazil, companies then have the option for further expansion or trade with other key players in Latin America. Therefore, the time has come to seek the best way to take advantage of the opportunity to operate in the construction sector in Brazil. Thus, companies looking to invest in this market must have the help of specialists and deep knowledge about the Brazilian business environment. Architecture and Engineering The streets of Brazilian cities like São Paulo and Rio de Janeiro display several modern and newly constructed buildings. But what is...

Construction Opportunities from Peru’s Infrastructure Investment

Construction Opportunities from Peru’s Infrastructure Investment

Latin America’s economies are growing at exponential rates and foreign investments are flooding into the region at rates never seen before. As the fifth largest economy in the region, Peru contributes a lot to this success. However, although it has a strong economy, there is a lack of adequate infrastructure in the country.  The government is now dedicating time, money, and resources to improving this sector. Foreign investors and businesses in the industry are looking to gain from these improvement plans. With macroeconomic stability and consistently positive economic growth rates, foreigners  and businesses are gravitating towards Peru’s investment market.  Peru Construction Opportunties - Historical infrastructure woes Peru’s infrastructure problems stem from far back. For years, the country had poor access to adequate roads, bridges, and passes nationwide. Cities were well connected, but small towns and regions had little to no access to the rest of the country. Ultimately, this perpetuated poverty and economic disparity in disconnected regions of the country.  In 2016, the government acknowledged these problems and started to make plans for reparations and improvements. Total, the country pledged over US$33 billion to improvements. However, as they were planning and implementing these changes, disaster struck the country. In March of 2017, ten times the normal rainfall fell over the country’s landscape, prompting severe flooding and landslide. Countless roads, homes, and the central railroad were all destroyed as a result. Focused on safety and recovery, the...

Investment Opportunities in Bolivia: 2019 and Beyond

Investment Opportunities in Bolivia: 2019 and Beyond

In recent years, Bolivia has been working on highlighting its strengths to attract foreign investors. The country aims to achieve legal certainty and clarity, and balance macroeconomic, political and social stability. Bolivia makes it quite clear that the country needs trade partners, and not bosses. The government explains that the investors obviously will take their profits, but regulations aim to keep some revenues and dividends in Bolivia for the purpose of boosting the economy, especially the hydrocarbon, electricity or mining area. According to the Central Bank of Bolivia, foreign direct investment reached US$1.553 million in 2018, the highest number in several years. This boost fed into the country’s economic growth, mainly through the increase in reinvestment of profits. Gary Rodríguez, General Manager of the Bolivian Institute of Foreign Trade (IBCE), identified that natural resources are a strong attraction for foreign capital; although the hydrocarbons sector with 32% and mining with 21%, received half of the gross flows. As Bolivia surfaces on foreign investors’ radars, we outline some profitable business opportunities offering long term commercial success in the Latin American country. Investment opportunities in Bolivia: Financial technology (fintech) The finance world is ballooning with the introduction and momentum of technological innovation, creating a vast range of opportunities in fintech. Like many of its regional counterparts, Bolivia hasn’t fully explored its fintech potential. Jorge Velasco, a financial analyst, says that while the financial system...

Why Christchurch is the Perfect New Zealand City to Invest in

Why Christchurch is the Perfect New Zealand City to Invest in

In 2019, New Zealand placed top in the world for ease of doing business, and has the third freest economy in the world. The South Pacific powerhouse punches well above the belt for business potential, productivity and success relative to its size. A special opportunity for business and investment lies in the south of this impressive nation. Christchurch, a city with a population of over 381,000 (making it New Zealand’s second largest), is undergoing total reconstruction with government backing. The city is on the hunt for investment to support this project. As a result, entrepreneurs and businesses have the chance to shape the future of Christchurch and influence New Zealand’s economy. Christchurch rebuild In 2010 and 2011, earthquakes damaged a significant proportion of the Southern city. To build Christchurch back to its former glory, the government is investing NZ$40 billion (around US$26.6 million) into a major reconstruction project. New Zealand’s rebuild project focuses heavily on attracting business and investment into Christchurch and the wider Canterbury region. ChristchurchNZ is spearheading the country’s Christchurch Economic Development Strategy (CEDS), which includes providing free support to Christchurch business. Business and employment opportunities Generally, New Zealand is highly responsive to new business. The country is considered low-risk for investors, who are often able to achieve returns on investment very quickly. The government is pro-investment and foreign ownership, and as such maintains relaxed market-entry requirements. The country’s liberal...

Four Booming Sectors for Foreign Investment in New Zealand

Four Booming Sectors for Foreign Investment in New Zealand

Competitive incentives and high market-responsiveness drive foreign investment in New Zealand. The country is ranked best in the world to establish a business, according to the World Bank’s 2018 Ease of Doing Business index. With a diversified market and heavy international trade agenda, the scale of New Zealand’s production makes it an economic powerhouse for its size. Investors looking into company formation in New Zealand have a range of thriving industries to choose from. Read on to learn how you could invest in and share the success of four major sectors in New Zealand. Business and foreign investment in New Zealand Simply, New Zealand’s liberal approach to trade means it is welcome to foreign investment. Its options for market entry give variety to entrepreneurs seeking to access its highly productive population.  New Zealand experienced positive economic growth for 33 of the last 35 years. Its geography, human diversity, raw materials sectors and international relationships insulated the country from the 2008 global financial crisis. There are competitive conditions contributing to long-term success potential for foreign investment ventures in New Zealand. Due to its size and relative geographic isolation, New Zealand heavily depends on international trade. Its openness to trade has seen the country secure a range of international trade agreements with partners worldwide. This includes major Asian markets such as China, Association of South East Asian Nations (ASEAN), Singapore, South Korea and Malaysia. The Comprehensive and Progressive Agreement for Trans-Pacific...

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