Embraer is selling two new Legacy 600 business aircraft to Asia, expanding to eight the Legacy 600 fleet in the region.
The two new jets will be delivered in 2006. One will be operated by Jakarta-based PT Ekspres Transportasi Antarbenua (Premiair) and the other by an undisclosed company in the region.
With oil exporters Venezuela and Mexico leading, Latin America and the Caribbean posted a $100.8 billion trade surplus with the United States in 2005, up 32.2 percent from the previous year, reported Friday the U.S. Department of Commerce.
Latin America and the Caribbean accounted for 17.5 percent of all goods and services imported by the United States, up slightly from its 17 percent share of 2004. But the region accounted for a significantly lower percentage of U.S. exports, 13.2 percent, compared to 21 percent in 2005.
Latin America is going through its best economic upturn in the last thirty years said Luis Alberto Moreno, president of the Inter American Development Bank, IDB, in an interview with the French newspaper Le Monde.
“Latin America is living its best cycle in three decades”, pointed out Mr. Moreno who nevertheless admitted that the surge in Asian emerging economies is twice as fast. (China has been growing at an annual 8 to 9 percent since 1980 and is forecasted by the World Bank to expand 9,2 percent this year).
The Inter-American Development Bank has made available $1.3 million for the development of environmental and community programs by the Bayahibe and La Romana Hotels Association.
The three-year donation requires $535,000 counterpart funding from the Association, for a total program of $1.8 million. The plan is to support sustainable tourism in the area, back best practices and small and promote the integration of midsized business into the tourism sector.
Caricom leaders huddled in Port of Spain, Trinidad, for the 17th International Heads of Government Conference, are prepared to re-instate Haiti back into the Caricom community. This was the view of Jamaican Prime Minister PJ Patterson, as well as what he said was the view of other regional heads.
Mr. Patterson made the disclosure as he spoke with reporters during a news briefing at the Trinidad Hilton Hotel on Wednesday.
Petroleo Brasileiro SA, Brazil´s state-controlled oil company, and Bolivia plan to create joint ventures to increase Bolivia´s control of its energy assets while securing Brazilian supplies of natural gas.
Rio de Janeiro-based Petrobras, the Bolivian Hydrocarbon Ministry and Yacimientos Petroliferos Fiscales Bolivianos, Bolivia´s state oil company, expect to sign an agreement this month, Petrobras said in a statement.