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British Ambassador Jeff Glekin Highlights Opportunities for People and Business in Bolivia

British Ambassador Jeff Glekin Highlights Opportunities for People and Business in Bolivia

Jeff Glekin shares insights on the work of the British Embassy to strengthen connections with Bolivian people, businesses and institutions. As part of our Q&A series, Biz Latin Hub’s Chelsea Heywood reached out to Jeff Glekin, British Ambassador to Bolivia, to hear about his experience developing British relations with the Latin American country. Jeff has an extensive background in diplomatic roles, previous serving as the Deputy Head of Mission in Bogotá, Colombia, Deputy Head of Commercial and Economic Diplomacy for the Foreign and Commonwealth Office, and Deputy Head of Mission in Mumbai, India. In this discussion, Jeff shares insights on the work of the British Embassy to strengthen connections with Bolivian people, businesses and institutions. Bolivia is an economy often overshadowed by its neighbours. What advantages does Bolivia offer British nationals and businesses that people may not necessarily know about? Bolivia has been growing faster than most Latin American countries for the last 10 years with the poverty levels decreasing significantly during that period. Its biggest city and business hub, Santa Cruz de la Sierra, is one of the fastest growing urban conglomerates in the entire emerging world and has strong commercial linkages with Argentina and Brazil, two of the largest markets in the region. In that sense, there are several business opportunities for British firms in Bolivia, both in terms of British exports to Bolivia or profitable investment in the country.  Sectors that deserve particular attention are Mining (lithium, rare earths and other...

Nicholas Baker, Trade Commissioner & Counsellor Commercial at Austrade, Shares Insights on Australian Trade Connections and Opportunities

Nicholas Baker, Trade Commissioner & Counsellor Commercial at Austrade, Shares Insights on Australian Trade Connections and Opportunities

Dr Baker shares his insights on Austrade's new client services and trade opportunities in Latin America post Covid-19. This month, Biz Latin Hub’s Chelsea Heywood was privileged to connect with Dr Nicholas Baker, Trade Commissioner and Counsellor Commercial for Australia’s Trade and Investment Commission (Austrade), based in Mexico, Central America and the Caribbean. Dr Baker shares his insights on Austrade’s new client services and trade opportunities in Latin America post Covid-19. Learn about Dr Baker’s experience as a trade professional and the efforts of Austrade to strengthen trade ties in Mexico, Central America and the Caribbean. You have extensive experience in supporting Australia’s trade relations from a number of posts in Europe, South America, and now Central America and the Caribbean. What drives your passion to develop Australia’s trade relations? Helping Australia increase its exports, encouraging productive foreign investment and attracting more international students to be part of Australia’s amazing education sector seem like pretty lofty goals; or almost like motherhood statements. In reality, what has driven me and continues to drive me is that trade, investment and education are linked to people, to aspirations, to innovation, to values, building relationships and bringing something new or different to a country or a region.  Then there is the prosperity it creates, not only in monetary terms but also the exchange of new ideas and transfer of technology that international trade and investment can create. International business is all about expanding...

Claudio Ramirez, Canadian Trade Commissioner for Colombia, Discusses Trade Relations and Business Opportunities

Claudio Ramirez, Canadian Trade Commissioner for Colombia, Discusses Trade Relations and Business Opportunities

Claudio Ramirez shares his perspective on the nature of the Canada-Colombia relationship and his team's success in promoting Canada as an important partner for Colombia. Find out about the current trade relationship and business potential between Canada and Colombia from Canada's Trade Commissioner to Colombia, Claudio Ramirez. Biz Latin Hub’s Chelsea Heywood had the pleasure of connecting with Claudio to gain his insights on the bilateral trade relationship, and what Colombia can offer Canadian businesses expanding into Latin America. Claudio also shares his perspectives on the future of the relationship between these two countries and the Trade Commission's success in promoting Canada as an important partner for Colombia. 1. Could you tell us about your background with Global Affairs Canada, and what led you to take up the role as the Canadian Trade Commissioner in Colombia? I joined the Canadian Foreign Service in 2001, mere weeks after 9/11, which plunged the world into a major crisis: that of global terrorism. At that time, just like in today’s crisis (the Covid-19 pandemic), political leaders were quick to recognize that an economic recovery would require more trade between nations, not less. Back then, some 160 members of the World Trade Organization came to an agreement to launch of the Doha Round, which aimed to lower trade barriers and to reform to trade rules in order to promote economic development.  Thus, from the outset of my career in the Canadian diplomatic corps, I have always been attracted by the profound impact that doing business across borders...

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...

‘New Deal’ Plan Promotes Australian Manufacturing Sector

‘New Deal’ Plan Promotes Australian Manufacturing Sector

In June 2020, communities in the Australian manufacturing sector published the ‘New Deal for Manufacturing’ plan to support growth and innovation. Academics, industry experts and other actors in the sector contributed to what is considered a request for support from state and national governments. The plan comes ahead of a projected recession – the first the country has seen in nearly 3 decades – as a result of measures taken to counter the spread of COVID-19. Find out key elements of the New Deal plan for Manufacturing in Australia, and the potential for growth and development of this industrial powerhouse. Australian manufacturing communities push for self-sufficiency In June 2020, communities in the Australian manufacturing sector published the ‘New Deal for Manufacturing’ to support growth and innovation in the sector. In April 2020, organization @AuManufacturing – with support from Bosch Australia Manufacturing Solutions – and LinkedIn group Australian Manufacturing Forum (AMF) – lead a campaign to crowd-source a modern policy to support the manufacturing sector in Australia. One key driver for contributors to the New Deal plan for Manufacturing is to seek commitment from the government to work towards self-sufficiency for Australian manufacturing and industry. Professor Roy Green, editorial and advisory board member of @AuManufacturing, says “it is clear from both theory and experience that Australia’s problem lies not in any lack of talent but in the absence of a coherent and effective national industrial strategy.” Green goes on to say that “while the...

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...

Top Sectors for Business Between Canada and Mexico

Top Sectors for Business Between Canada and Mexico

Business opportunities between Canada and Mexico are often overshadowed by trade with the United States. Despite this, according to the World Integrated Trade Solution, Mexico is Canada’s fifth-largest trading partner. Mexico also has the eleventh-largest economy in the world with a population of almost 300 million. Business between Canada and Mexico has strengthened since creating the North American Free Trade Agreement (NAFTA) in 1994. NAFTA is a free trade region between Canada, Mexico and the United States.  We outline top sectors and opportunities for business between Canada and Mexico. Trade and business between Canada and Mexico According to the World Integrated Trade Solution, Mexico is Canada’s fifth-largest trading partner. There are two major trade agreements that have created stronger economic ties between Canada and Mexico. The Canada-United States-Mexico Agreement (CUSMA, also known as T-MEC or USMCA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provide Canada and Mexico with preferential access to each other’s markets. The best sectors for business between Canada and Mexico have the highest growth potential, policy openness and leverage Canadian strengths. Top sectors include:  AerospaceMiningOil & gasAgriculture, food and beverages Aerospace In this sector, business between Canada and Mexico initiated in 2004 with the establishment of the Canadian aerospace company, Bombardier, in Mexico. This later sparked international interest towards the potential in the aerospace sector in Mexico. Since then, the...

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