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Cheryl Harvey, Seeds of Ayllu Founder Discusses Doing Business in Guatemala and Peru

Cheryl Harvey, Seeds of Ayllu Founder Discusses Doing Business in Guatemala and Peru

Cheryl Harvey shares her perspectives on the challenges of doing business in Guatemala and Peru as a British business owner. Biz Latin Hub's Carina Zambrano had the pleasure of connecting with Cheryl Harvey, Founder and Mindful Director of Seeds of Ayllu Limited and former Country Manager to our office in Lima, Peru. We gained insight into her experience exporting high quality, nutritious, consciously cultivated Brazil Nuts and Cacao from the Amazon Rainforest of Peru and communities in Guatemala to her home region, the United Kingdom. Cheryl shares her perspectives on the challenges of doing business in Guatemala and Peru as a British business owner, as well as the differences in business culture while operating in Latin America.  1. As someone from a small village in the countryside of England, what brought you to Latin America? In 2010, I left England carrying my backpack and in search of adventure. My plan was to travel for 5 months in Latin America and then return to England to contemplate the next step in my accountancy career. Little did I know what this trip had in store for me and that 10 years later I would be living a very different life; living my true life and working in support of the small indigenous farming communities in Peru and Guatemala. 2. What led you to opening your business, Seeds of Ayllu, in Peru and Guatemala? In early 2017, I left behind my management position in Lima, Peru. The major shift came when I spent time in the Amazon Region of Madre de Dios-Peru and did deep inner work with native plant medicine. I now have an incredibly...

Overview of Panama’s Free Trade Agreements

Overview of Panama’s Free Trade Agreements

Find out about Panama's free trade agreements (FTAs), and how they support the country's development and promote benefits for foreign investment.  According to the US Embassy in Panama, the country has "historically served as the crossroads of trade for the Americas.” Thanks to the Panama Canal and the benefits offered by all the free trade zones within the country, it has become a strategic hub to do business. In 2017, Panama exported US$3.06 billion and imported US$24.8 billion, resulting in a trade balance of US$21.7 billion, making it the 66th largest importer in the world.  What is a free trade agreement in Panama?  According to the National Customs Authority or 'Autoridad Nacional de Aduanas', a free trade agreement is a regional or bilateral consensus that helps to promote the exchange of goods and services between the country members. Likewise, FTAs aim to eliminate or reduce trade tariffs between the signing parties. They are often supervised by the World Trade Organization (WTO). Panama is a member of SICA SICA works to integrate Central American markets. SICA, also known as 'Sistema de Integración Centroamericana' is a regional institution located in Central America, founded by Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama in 1991. The main purpose of this institution is to promote the integration of Central America, fostering security, freedom, democracy, and social development within the region. SICA is continuously working on the development of initiatives to integrate all these six countries. Thanks to SICA, the...

Overview of Import and Export Regulations in the Dominican Republic

Overview of Import and Export Regulations in the Dominican Republic

Read more about the import and export regulations in the Dominican Republic as the export process in the Dominican Republic is regulated by laws, decrees, and regulations. This conforms to the different government institutions and agencies that participate in it. Besides, private companies that contractually with the government manage parts of the process particularly in management from ports and airports. Documentation required for exporting to the Dominican Republic Name registration in ONAPI: All documentation submitted to the National Office of Industrial Property of (ONAPI) must be in Spanish. If the applicant is a foreigner who is not a resident in the country submit your request through a representative or attorney. The response to your request takes 5 business days.Registration in the Chamber of Commerce and Production: the opportunity that your business can access the benefits and facilities that are obtained by being formalized.National Taxpayer Registry (RNC): a number that serves as the identification code of the taxpayers in their fiscal activities and as control of the Administration to monitor compliance with duties and rights of these. Complete Form RC-01, copy of passport, and Copy of commercial register.Commercial invoice: must include names of the customs office of exit and port of entry, name, and address of the seller or shipper, name, and address of the buyer or consignee. A detailed description of the merchandise, quantities, prices that specify the type of currency, type of currency used, conditions of sale, place, and date of issue.Certificate of...

Overview of Import and Export Regulations in Bolivia

Overview of Import and Export Regulations in Bolivia

When your business expands, you may consider importing and exporting goods as the next step. Bolivia is a resource rich country, benefitting from its geographical location within the Andean Community. Its gross domestic product (GDP) was US$39 billion in 2019 according to the World Bank. Before expanding, understanding import and export regulations in Bolivia is necessary to ensure legal compliance and positive economic returns. Bolivia’s economy has been growing in the last few years, mainly due to its exports of commodities such as natural gas, silver, zinc and soy. Another important sector is the manufacturing industry which corresponds to 14-15% of Bolivia’s gross domestic product annually. Imports and exports in Bolivia Bolivia has signed regional, sub-regional and bilateral trade agreements with the goal of opening the country to foreign investors. These agreements create new and favourable regional import and export regulations for Bolivia, making it more investor friendly. Bolivia's exports represent 26% of its GDP and imports represent 31.1%. This legal framework sparks the interest of new investors to Bolivia, a country with manageable risk levels. According to the World Integrated Trade Solution, Bolivia's openness to foreign trade generates export volumes that represent 26% of its GDP and imports representing 31.1% of its GDP. Major Bolivian exports are petroleum gas and other gaseous hydrocarbons (US$2.59 billion); zinc ores and concentrates (US$1.34 billion); gold, including gold plated with platinum, in bulk, semi-manufactured or in powdered form (US$1.04...

Benefits of Doing Business in the Dominican Republic

Benefits of Doing Business in the Dominican Republic

The benefits of doing business in the Dominican Republic attract prospective businesses from all over the world. The country is located in the heart of the Caribbean, in the Hispaniola island, where Eastern and Western values meet. It creates an ideal climate for business development.  As a country with a unique culture, history, and business climate, the Dominican Republic has a lot to offer. As part of the Caribbean Community (CARICOM), the Central American Free Trade Agreement (CAFTA), and other treaties with North America and the European Union, the country has opened its market to foreign businesses and new development opportunities. The Dominican Republic receives one of the largest pools of European funding for infrastructure and development which shows great potential for facilitating future business. Find out the benefits of doing business in the Dominican Republic, and why you should consider expanding to the developing Caribbean region. Doing business in the Dominican Republic: strategic geographical location Located on the crossroads between Eastern and Western Caribbean, the Dominican Republic is a trade link between the large markets of Central, South, and North America for trade and transport. The country shares only the border with Haiti, is close to US hub Miami and developing Central American economies, offering wide trade opportunities. The Dominican Republic also benefits from a free flow of goods and services as a member of CARICOM and DR-CAFTA. The CARICOM is made up of 15 Member countries and an additional 5 Associate Members based in the...

How to Import Goods from Paraguay to Argentina

How to Import Goods from Paraguay to Argentina

Paraguay is an attractive destination for multinationals and foreign executives. For those who already have a business in the country, choosing to import from Paraguay to Argentina is a very attractive option to expand Latin America. For years, many Argentines, as well as other business owners in the region, decided to create companies in Paraguay thanks to the combination of tax incentives, legal certainty and macroeconomic stability that the country offers. According to the Organization for Economic Cooperation and Development (OECD), Paraguay is the country with the least tax burden in South America (only 15% of GDP), making the country an attractive focus for those interested in importing from Paraguay to Argentina. Background: Imports and Exports of Paraguay Total exports of Paraguayan origin reached a value of US$12,386.1 million in 2019 according to the Foreign Trade report of the Central Bank of Paraguay (BCP) while all Paraguayan imports in 2019 reached US$12,250.9 million.According to the BCP Foreign Trade Bulletin, in 2019 Paraguay has exported in FOB value of US$1.688 million to Argentina. Paraguay has exported in FOB value of USD $ 1.688 million to Argentina. Among the main products that are most imported from Paraguay to Argentina are: Soybeans and corn (Represented with approximately 70%)FuelsElectric powerMineral oilsMachineryRed meatsLeather Despite having a series of trade agreements and having the option of using the Paraguay-Paraná Waterway, the majority of imports from Paraguay to Argentina are made by land and air, due to time and flexibility of...

Potential for Stronger Colombia-China Trade Relations

Potential for Stronger Colombia-China Trade Relations

In recent years, market observers have recognized a high potential for stronger Colombia-China trade relations. As many know, China is the second-largest economy in the world. Colombia is the fourth-largest economy in whole Latin America. A pairing like this offers strong potential trade channels for exporters and importers operating in Colombia.In the last decade, all of Latin America’s economies have grown more accustomed to receiving Chinese investment and commercial attention. China is the biggest trading partner for Brazil, Chile and Peru. As part of that, Brazil received US$66 billion in Chinese investment, Peru US$25 billion and Chile US$9 billion. Chinese trade with Latin America jumped to US$225 billion in 2016 from US$12 billion in 2000, according to Jason Marczak, Director at the Atlantic Council. We outline the potential for a stronger context for Colombia-China trade relations and opportunities for multinationals to enter the market. Overview: current Colombia-China trade relations With Colombia-China trade relations strengthening in recent years, China has become Colombia's second-largest trading partner. Colombia is now China's fifth-largest trading partner in Latin America. In 2018, Colombian imports from China reached US$4.06 billion. Top 10 imports from China in 2018 include (table adapted from TradingEconomics): Colombia imports from China in 2018ValueMineral fuels, oils, distillation products$3.48 billionIron and steel$297.79 millionCopper$171.67 millionCoffee, tea, mate and spices$16.66 millionOres slag and ash$15.46 millionRaw hides and skins (other...

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