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Professionals Boosting Technology and Innovation in Bolivia

Professionals Boosting Technology and Innovation in Bolivia

by Team Latin America | Feb 22, 2020

Technology and innovation in Bolivia is on the rise, posing a viable destination to do business. Sweeping digitalization trends in Latin America have reached Bolivia, and technology and innovative developments are becoming commonplace. In particular, the high demand for quality goods and services due to Bolivia’s large quantities of raw material, territorial diversity, and natural resources appear to be boosting steady innovation and entrepreneurial activity in the technology sector. One of the key players in Bolivia’s market are foreign company owners and investors. The country’s foreign direct investment (FDI) reached US$ 11.8 million in 2018. This ade Bolivia the recipient of the third-largest amount of FDI among all Latin American countries. Accordingly, market observers have noted increased investment in marketing, transport, ICT, and mergers and acquisitions in the Bolivian mining sector. This article outlines the latest innovations and investment opportunities in the Bolivian market. Technology and innovation in Bolivia: Digitalization in the transport and logistics sector Bolivian engineers are revolutionizing the country’s transport and logistics sector. Bolivian engineers are revolutionizing the country’s transport and logistics sector. These engineers developed DeltaX, an intuitive platform to improve the productivity and efficiency of Bolivian transportation for goods. The idea arose from significant lack f knowledge about existing freight channels and transfers. The DeltaX platform provides freight forwarders with more security and support during every...

Mining in Ecuador: Opportunities for Service Companies

Mining in Ecuador: Opportunities for Service Companies

by Our Mining Sector Experts | Oct 30, 2019

Ecuador is a country that has traditionally based its economy on its natural resources, both renewable and non-renewable. In this sense, Ecuador is no stranger to mineral exploration and exploitation activities. For example, the country has great experience in the production of oil and its derivatives. This experience, which it has had for more than half a century, generates an important basis for the correct development of mining projects derived from the discovery of new deposits and important mineral sources in the country. Mining in Ecuador has not always been the most accessible business venture due to heavy government intervention, though, despite the country's unexplored natural wealth.  Now that the government is paring back legislation around mining activities, the sector opens up for foreign commercial activities. Mining and related services companies are therefore offered an attractive opportunity for future international investment in Ecuador. Overview: mining in Ecuador Significant mineral deposits have been confirmed in Ecuador for decades. It is widely known that certain regions of Ecuador have traditionally witnessed important findings of gold, copper and silver mining deposits. The Zaruma and Loja sectors, for example, house significant reserves for gold.  Though a dominant sector in Ecuador, mining wasn’t reaching its full potential due to unclear and heavily regulated compliance requirements. This included large tax and revenue contributions from companies to the government, which restricted the profitability of Ecuadorian mining operations. However,...

Investing in Electric Vehicles in Chile

Investing in Electric Vehicles in Chile

by Legal Team Chile | Sep 12, 2019

Latin America is one of the global leaders in green energy production. Just last year, Costa Rica ran for 300 days on 100% renewably-sourced energy. In 2016, 50% of Latin America’s energy production came from renewables. With such expertise in the industry, Latin American governments are increasingly initiating more electric transport systems. Leading this pack on EV uptake is Chile. Chile’s Energy Minister Susana Jiménez pledged that electric vehicles will account for 40% of private vehicle ownership and 100% of public transport by the year 2050. This would place Chile as the frontrunner in clean mobility worldwide. Chile leads Latin America’s Electric Vehicle market Chile’s ambitious plan was initiated in December 2018, when the first 100 electric buses rolled off the cargo ship and onto the streets of Santiago. 180 more buses followed this summer, which has set Chile well on the path of improving the air quality of its city. As of 2017, Chile had the highest vehicle density in Latin America with only 0.01% of its vehicles being electric. This attributed to the worst air quality of any Latin American city. A recent study suggested that 1300 breathing-related deaths could be averted in the city of Santiago de Chile in the next 10 years if public transport were made electric. It’s not only buses that Chile has ambitiously targeted. By offering subsidies and exemptions to environmental tax, Chile is incentivizing the use of electric scooters, cars and taxis, as well as lorries for use in the mining industry. Local EV production It is not only in use that Chile is leading...

How Electric Vehicles Could Revolutionize Colombia’s Transport Sector

How Electric Vehicles Could Revolutionize Colombia’s Transport Sector

by Legal Team Colombia | Aug 7, 2019

Popularity and reliance on electromobility and electric vehicles is increasing among developed nations looking to cut down on transportation emissions. As global pollution worsens, governments are recognizing the importance of electric transportation. Moreover, businesses, innovators, and investors foresee the demand and success of the industry and are fueling it with countless dollars and research and development. Ultimately, countries are collectively facing a paradigm shift in the world of transportation. As a recently emerging player in the game, Colombia has enormous opportunity and changes coming its way. Generally, in Latin America, electric vehicles and transportation is an untapped market. Few countries have invested resources into the industry, and even fewer have adopted comprehensive integration plans for 100% electric transportation in the future. A potential leader within the region’s electromobility sector, Colombia can collaborate with its partners to serve as a positive example of future opportunities in Latin America. Colombia’s transportation issues Historically, Colombia struggles with transportation fluidity and pollution. In 2019, the country’s capital ranked second in the world for worst congestion, and first in all of Latin America. Experts calculated that Bogota citizens spend 20% of their work day trying to get to and from work. Take 20% of every day, five days a week, and commuters are essentially spending an entire day in traffic. Ultimately, the stagnant congestion harbors an environment subject to extreme air-pollution buildup.  Air pollution...

Opportunities in New Zealand’s Colliding Electricity and Transport Industries

Opportunities in New Zealand’s Colliding Electricity and Transport Industries

by Legal Team New Zealand | Jul 15, 2019

As renewable energy and sustainable solutions sweep global industries, a wealth of opportunities lie in markets not yet transformed. Climate change issues increasingly capture governments worldwide, and many are looking for ways to reduce carbon and other emissions. New Zealand is stepping forward locally and on the world stage to revolutionize the way it does business. Its growing environmental conscience is being met with creative and innovative solutions to promote commercial sustainability. One ticket to cleaner, greener business that the government grips tightly is the introduction and adoption of electric vehicles. We explore the opportunities for business in this burgeoning industry. Competing economic and environmental demands New Zealand’s economy is strong, productive, and internationally connected. The nation experienced positive growth for 33 of the last 35 years, and consistently tops world rankings for its liberalized market and doing business. The island nation’s pristine landscapes and ‘clean, green’ image draw millions of tourists to its shores annually. According to Statistics New Zealand, a record-breaking 3.82 million people visited the picturesque country in the March 2018 year. It therefore comes as no surprise that the public and government are adamant about preserving their natural treasures and mitigating climate change. In recent years, the country has advocated significant economic overhauls, both locally and internationally, in the name of environmental conservation. Tidy Kiwis combatting climate change Peddling its natural beauty as a hot...

How Has Mexican Customs Been Modernised?

How Has Mexican Customs Been Modernised?

by Legal Team Mexico | Dec 13, 2016

The modernization of Mexican Customs will ensure the continued growth of foreign trade through efficiency improvements to Mexican customs processes. More specifically, the Tax Administration Service (SAT) is promoting the Customs Technological Integration Project (PITA), which consists of a comprehensive initiative that’s proposed to automate the processes used for all goods entering and exiting Mexican customs.       Mexican Customs - Mexican Technology Integration Project (PITA) PITA will streamline customs processes and seeks to modernize 60 points of review for the clearance of freight goods passing through Mexican Borders, Maritimes and Inland customs, 52 checkpoints for control of passenger vehicles at border crossings and 310 video surveillance monitoring points with national coverage in the SAT’s offices. PITA expects to automate the Mexican customs operation within 48 months. This automation includes, but is not limited to, the reduction of customs clearance times, improved business intelligence and greater confidence in risk identification. The benefits of the PITA project cannot be understated. A more robust Mexican customs infrastructure will increase the speed, efficiency and security of all goods exchanged within Mexican Customs. In regards to customs clearance times, Mexico’s national importers and exporters association, Anirem, believe that this investment will reduce the time that merchants wait in the customs by over 50%. This will make Mexico a more attractive market; strongly promoting international trade.   Mexican Tax...

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