International Communiqué: Latin America Update

April 21, 2006

Latin America is an expanding market for U.S. companies that export or establish operations there.  The four major countries in this vast region are Argentina, Brazil, Chile, and Mexico.  The four State of Ohio Country Directors for these countries recently visited Frost Brown Todd and shared insights into these opportunities.  Included below are summaries of each country, access to the presentations of these Ohio Country Directors and links to websites with helpful trade information, followed by brief articles about the Uruguay-US Free Trade Agreement and the Peru-US Free Trade Agreement, both requiring ratification.


Argentina

Located in Southern South America, it covers a land area of approx. 3.7 million square kilometers, making it the second largest country in South America (after Brazil ).  Argentina is also strategically located relative to the South Atlantic and South Pacific Oceans.  It is bordered by Bolivia, Brazil, Chile, Paraguay, and Uruguay.  Spanish is the 38 million strong population's official language.

In 2005, the Argentinean economy grew 8.7%, and the growth rate for 2006 is predicted to be in the 5% to 6% range.  During 2005 Argentina exported US $4.6 billion worth of goods to the U.S.  For the same period it imported goods valued at US $4.1 billion from the United States.  Imports from the U.S. make up 16.6% of its total imports.  Areas with most potential for exports from the U.S. include, inter alia, Electric Power Systems, Agricultural Machinery, Industrial Chemicals, Food Processing, Packaging Equipment and Parts.

For further trade-related information with regard to Argentina, please visit the following linked websites.

      http://www.latin-focus.com/latinfocus/countries/argentina/argentina.htm

      http://www.comerciousa.org/argentina/En/setenglish.asp

      http://www.odod.state.oh.us/itd/

      http://www.mporcel.com/

Ohio Department of Development Country Director: Argentina

For a summary of Marin Porcel's presentation which he gave while visiting Frost Brown Todd on March 29th, please click here.  Martin is Ohio's Department of Development's Country Director for Argentina, and he can be contacted via e-mail at martin@mporcel.com.


Brazil

Located in Eastern South America, Brazil covers a land area of approx. 8.5 million square kilometers.  Brazil has a population of more than 184 million people, and save for Chile and Ecuador, is bordered by all counties located on the South American Continent.  Portuguese is the official language of this country with the 12th largest economy in the world.

During 2005 Brazil exported US $22.7 billion worth of goods to the U.S., and imported from the U.S. goods valued at US $12.8 billion.  19.2% of Brazil's imports come from the United States of America, which is its largest trading partner.  In 2005, the economy grew at a rate of slightly less than 3%.  Areas with most potential for exports from the U.S. include, inter alia, Biotechnology, High Tech Machinery, Iron and Steel, IT Hardware, Medical and Clinical Instrumentation, Pharmaceuticals, Testing and Quality Control Instruments and Equipment, Waste Management and Soil Reclaiming Technologies.

For further trade-related information with regard to Brazil, please visit the following linked websites.

     http://www.latin-focus.com/latinfocus/countries/brazil/brazil.htm

     https://www2.focusbrazil.org.br/siteusa/index.htm

     http://www.odod.state.oh.us/itd/

Ohio Department of Development Country Director: Brazil

For a summary of Magda Volker's presentation which she gave while visiting Frost Brown Todd on March 29, please click here.  Magda is Ohio's Department of Development's Country Director for Brazil, and she can be contacted via e-mail at mvolker@tvzinternational.com.br.


Republic of Chile

Located in Southern South America, Chile covers a land area of approx. 757,00 square kilometers.  It is bordered by Argentina, Bolivia, and Peru.  Spanish is the official language of its 16 million inhabitants.

During 2005 Chile exported US $6.7 billion worth of goods to the U.S., and imported goods valued at US $5.2 billion from the United States.  The Chile - US Free Trade Agreement went into effect on January 1, 2004, and trade between the two countries has expanded 75% since 2003.  In 2005, Chile's economy grew at a rate of 6.3%, and for 2006 the expected rate of growth is 5.8%.  Leading industry sectors for U.S. exports include, inter alia, Construction Equipment, Computer Technology, Electric Power Equipment, Food Processing and Packaging Equipment, Health Care and Medical Equipment, Mining Equipment and Supplies, Pollution Control Equipment, and Water Treatment and Environmental Services.

For further trade-related information with regard to Chile, please visit the following linked websites.

     http://www.latin-focus.com/latinfocus/countries/chile/chile.htm

     http://www.chileconsultants.com/

     http://www.buyusa.gov/chile/en/

     http://www.odod.state.oh.us/itd/

Ohio Department of Development Country Director: Chile

For a summary of Carol Heitman's presentation which he gave while visiting Frost Brown Todd on March 29, please click here.  Carol is Ohio's Department of Development's Country Director for Chile, and he can be contacted via e-mail at cglg@ChileConsultantS.com.


Mexico

Located on the North American continent, the country covers a land area of 1.9 million square kilometers.  It shares its Northern border with the United States, and its Southern border is shared with Guatemala.  Mexico has a population of more than 103 million people, and Spanish is the official language.

During 2005, Mexico's economy grew at a rate of 3%.  In the same year it exported US $149 billion worth of goods to the U.S., and imported from the U.S. goods valued at US $96 billion.  It is expected that its economy will grow with 3.4 % in 2006.  Promising sectors for exports to Mexico include, inter alia, Aircraft and Aircraft Parts, Airport and Ground Support Equipment, Agricultural Machinery, Automotive Parts, Construction Equipment, Electronics, Energy Technologies and Services, Environmental Technologies and Equipment, Metalworking Machines, and Steel Mill Products.

For further trade-related information with regard to Mexico, please visit the following linked websites

    http://www.latin-focus.com/latinfocus/countries/mexico/mexico.htm

    http://www.buyusa.gov/mexico/en/

    http://www.odod.state.oh.us/itd/

Ohio Department of Development Country Director: Mexico

For a summary of Miguel de Regil's presentation which he gave while visiting Frost Brown Todd on March 29, please click here.  Miguel is Ohio's Department of Development's Country Director for Mexico, and he can be contacted via e-mail at mderegil@odod.state.oh.us.


Uruguay - U.S. Free Trade Agreement

For information about the status of this agreement, please click on the following link: 
Uruguay - U.S. Free Trade Agreement Status


Peru-USA Trade Agreement

For information about the status of this agreement, please click on the following link: 
Peru - USA Trade Agreement Status


Export Opportunities to
Latin America

The four State of Ohio Country Directors' visit to Frost Brown Todd occurred on March 29.  Sponsored by the Ohio Department of Development and the Hispanic American Chamber of Commerce of Greater Cincinnati, the "Export Opportunities to Latin America" event was well attended by interested parties.  Alfonso Cornejo, President of the Hispanic American Chamber of Commerce of Greater Cincinnati, opened the proceedings, and Ohio's Department of Development's Director, Kirk Merritt, introduced the four Country Directors.  Alfonso can be reached at cornejo@eos.net, or (513)768-6531, and Kirk can be reached at kmerritt@odod.state.oh.us or (614)466-5017.  If you would like to be informed about similar events in the future, please feel free to contact Kathy Strunk.  Kathy can be reached at kstrunk@fbtlaw.com, or at (513)651-6166.  She will gladly add you to our mailing list.

To obtain further information about export opportunities in the region, or how Frost Brown Todd's Joe Dehner or any of its Spanish speaking attorneys could assist you, please feel free to contact Joe Dehner at our Cincinnati office.  Joe can be reached at jdehner@fbtlaw.com, or at (513)651-6949.

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