The New Deforestation Rules are scheduled to come into effect on December 31 of this year for large Venezuelan cocoa and coffee producers.

This was stated by María Madrid, International Relations Officer at the European Commission’s Directorate-General for the Environment, who added that Venezuelan companies will have to comply with the country’s laws regarding not only trade but also environmental and human rights matters.

The new deforestation regulations for the import of coffee and cocoa from Venezuela were presented on Tuesday, April 21, by the UN delegation in the South American country to producers, exporters, traders, and merchants.

Madrid emphasized that “the regulations were developed after analyzing the products that have the greatest impact on deforestation, including beef, soy, timber, coffee, cocoa, rubber, and palm oil, as well as their derivatives.”

M.Pino

Source: elnacional

(Reference image source: ALEXANDRE LALLEMAND on Unsplash)

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The decisions of the US Federal Reserve (Fed) exert a direct influence on the monetary sector of Latin American countries.

If the organization maintains or lowers interest rates, Latin American stock markets react in different ways, but always affecting investments, imports, exchange rates, among other financial repercussions.

Like a domino effect, this influence of the Fed’s decisions in Latin American countries directly affects the daily lives of millions of people.

Specifically, “when the Fed decides to raise its interest rates, the cost of money in the United States becomes more expensive. This has an immediate impact on the flow of capital globally.” Investors typically turn to repatriating their funds to the U.S. as a way to increase returns and reduce risks. For Latin America, as “money leaves the region, local governments and companies have more difficulty obtaining financing.”

On the other hand, pressure on exchange rates is reflected in the devaluation of Latin American currencies. Consequently, the phenomenon “makes imports more expensive, from consumer products to essential inputs for industry,” which translates into increased inflation due to the rise in the prices of imported goods.

Regarding domestic growth, in Latin America it is slowed by the rising cost of credit. “Private investment, a key driver of growth, is contracting. Infrastructure projects, technological innovation, and the creation of new companies are slowing, affecting job creation.”

Consumption is also affected, since the devaluation of the local currency and rising prices reduce household purchasing power. Households are limiting spending, which impacts domestic demand, an essential component of GDP growth.

M.Pino

Source: cointelegraph

(Reference image source: José Casado on Unsplash)

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La entrada Effects of the Fed’s decisions in Latin America apareció primero en Bitfinance.

The US president had announced a package of 30 % tariffs on imports of European Union products starting August 1.

Following the agreement reached between the parties, it was learned that the EU will pause for six months “the two packages of countermeasures that were due to come into effect this week in response to the US tariffs.”

This was officially announced by the European Commission, which specified that they continue working with the United States “to finalize a joint declaration, as agreed on July 27.”

Relations between the two regions have become tense in recent weeks due to the imposition of tariffs on imports of EU products. However, the spirit of camaraderie and diplomacy remains in place to ensure the negotiations reach a successful conclusion and achieve conditions that benefit both parties.

M.Pino

Source: globovision

(Reference image source: ALEXANDRE LALLEMAND on Unsplash)

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La entrada European Union suspends tariff countermeasures against the US for six months apareció primero en Bitfinance.

US President Donald Trump issued instructions this Tuesday to lift import restrictions on semiconductors used in the development of artificial intelligence.

Former President Joe Biden had established these measures days before handing over the presidency to Donald Trump, and they were to take effect on May 15, further harming China.

The suspension of these restrictions comes at a time of negotiations between the United States and China regarding reciprocal tariffs.

“The US Department of Commerce has replaced these new rules with recommendations, which warn, among other things, the public of the potential consequences of allowing US chips to be used to develop Chinese AI models,” the media reported.

M.Pino

Source: eleconomista

(Reference image source: Vishnu Mohanan on Unsplash)

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La entrada United States lifts sanctions on artificial intelligence chips apareció primero en Bitfinance.

India and the United Kingdom reached a free trade agreement that will allow the two nations to reduce import tariffs on certain goods and products.

According to Indian Prime Minister Narendra Modi, the agreement has been under negotiation for three years. In his opinion, it is an ambitious and mutually beneficial initiative.

For his part, British Prime Minister Keir Starmer called it a “milestone that is fantastic news for British businesses, British workers, and British shoppers.”

It was learned that, thanks to the agreement, products such as whiskey and gin, cosmetics, medical products, car and aircraft parts, and other goods from the United Kingdom will benefit from tariff reductions.

Regarding Indian products, the Asian nation’s prime minister emphasized that “99 % of Indian exports will not be subject to tariffs.”

The United Kingdom has indicated that it is confident that “the agreement will increase bilateral trade by 25.5 billion pounds (30 billion euros) per year in the long term.”

M.Pino

Source: euronews

(Reference image source: Dimitri Karastelev on Unsplash)

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La entrada India and the United Kingdom signed a free trade agreement apareció primero en Bitfinance.