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A publication of The Canadian Council for the Please click on each headline for this week's top stories. Trade Missions, Seminars and Other Events Canadian Council for the Americas 1. Lunch Presentation by Mr. Michael Lee Chin, Chairman of AIC Ltd. Toronto - Canada 2. Toronto Hispanic Chamber of Commerce Lunch Presentation by Ms. Falza Batta 3. International Trade Day 2008, hosted by the Canadian Chamber of Commerce Montreal - Canada 4. The International Economic Forum of the Americas - The Great Transition: Mastering Change Washington - United States of America 5. South American Productivity Leadership Forum Uruguay, Argentina and Chile 6. Canadian Energy Mission to Uruguay, Argentina and Chile Guanajuato - Mexico 7. Women's Trade Mission to Monterrey, Mexico October 21 - 24, 2008 Bogotá - Colombia 8. 2nd Andean and Central America Energy Congress 2008
Regional News 2. Latin America IT Services Market to Grow 11% This Year 3.Nuevo Leon ( Mexico ) Will Be Leader in Eco-Energy 4. Private Banking Potential in Chile Stands at US$40.7B 5. Peruvian Natural Gas Output Rose to a Record in May Trade Missions, Seminars
and Other Events
To attend this event please, click here to download the registration form. Fax the completed form to (416) 595-8226. "FINANCING OPPORTUNITIES FOR CANADIAN CORPORATIONS ACTIVE IN 2-WAY TRADE IN LATIN AMERICA " Ms. Faiza Batta is a representative of Paternership Development and a member of the International Finance Corporation, a World Bank Group. The presentation is of special interest to: Real Sectors such as Agribusiness, Oil, Gas, Mining Companies etc..., and Importers. Closing Remarks by EDUARDO KLURFAN, Vice-Chair of the Canadian Council for the Americas and Vice-President of Global Transaction Banking at Scotiabank. Wednesday, June 18th, 2008
The International Economic Forum of the The International Economic Forum of the Americas/Conference of Montréal has as its principal mission the promotion of wide-ranging and completely open discussion of the major international economic issues. It also aims at facilitating the creation of contacts between representatives of businesses, governments and international agencies as well as members of the academic world and civic society, thereby encouraging international exchanges. The 14th edition will be held under the general theme of The Great Transition: Mastering Change Date: June 9 - 12, 2008 Click here for more information about the conference Washington - United States of America South American Productivity Leadership Forum "CATALYZING SOUTH AMERICAN COMPETITIVENESS" The South American Productivity Leadership Forum (SAPLF) hosts the projects that are integrating the continent, boosting continent-wide productivity and offering near-term development opportunities. As a part of the Leadership Forum series, the South American Productivity Leadership Forum is a dynamic combination of project presentations, private meetings and ‘deep dives’ into specific issues and CEO/political leadership presentations. Wednesday, July 23 & 24 2008 CANADIAN ENERGY MISSION TO URUGUAY, ARGENTINA AND CHILE June 8 - 13, 2008 The International Trade Missions Division of Foreign Affairs and International Trade Canada (DFAIT) is For more information: Contact Karen Sleiman at 613-996-8546 e-mail karen.sleiman@international.gc.ca or Pierre Chalifour at 613-944-1227 e-mail pierre.chalifour@international.gc.ca THE REGISTRATION DEADLINE IS MAY 16, 2008 Monterrey - Mexico Organization of Women in International Trade Join Trade Mission to Mexico Deadline: June 30, 2008 (The earlier you register, the better, to ensure maximum time to plan most effective business matching for you.) Click here to view a complete invitation to the event. For information please contact: Gail Morris Bogotá - Colombia July 9th to 11th For more information visit: www.acaec2008.com Regional News
Summary of the original article: The Honourable Jean-Pierre Blackburn, Minister of Labour, and the Honourable Helena Guergis, Secretary of State, acting on behalf of the Honourable David Emerson, Minister of Foreign Affairs and International Trade, met on May 29 with their counterparts in Peru to sign the Canada-Peru Free Trade Agreement (FTA) and Canada-Peru Agreement on Labour Cooperation. “The Government of Canada is committed to opening new markets for exporters, service providers and investors through our Global Commerce Strategy”, said the Secretary of State Guergis. The Canada-Peru FTA will benefit exporters, service providers and investors in several sectors, including mining, manufacturing and agriculture. Peru will provide greater market access for a range of Canadian agricultural and industrial products. Provisions on cross-border trade in services will also benefit Canadian business in a variety of sectors, including mining, energy and professional services. For the full article, click here
Summary of original article: The Latin American IT services market is expected to grow 11% this year, according to Christopher Real from IDC Latin America research and consulting IT services group. During 2007, the services sector grew 19.5% compared to 2006 and the forecast is for 11% yearly for the next five years. “One of the drivers of growth is the increasing adoption of outsourcing services. There have been new negotiations and expansion of contracts and is acquiring more of them”, Real Said “Large firms are accelerating the adoption of their portfolios in order to increase market penetration, and then mid-sized firms are looking for synergies with multinationals so they can jointly offer solution and reach the market with better options”, he added. For the full story, click here Nuevo Leon ( Mexico) Will Be Leader in Eco-Energy By Veronica Ayala (May 11th, 2008) Within a 3 months period, Nuevo Leon will be the Latin-American leader in generating electricity by means of methane gas produced by organic waste found in the trash . This will happen in august, once the plant operated in Salinas Victoria by Simeprode raises its energy production to 71%. This way, upon arrival of five generators this week, the installation of the governmental entity will be able to generate up to 12, 7 megawatts by hour, surpassing Sao Paulo, Brazil; Buenos Aires, Argentina and San Jose, Costa Rica plants. For instance, in the United States, the plants have a capacity of up to 44.76 megawatts per hour and last December it was estimated they had around 445 projects with an overall generation of 11 millions megawatts per hour. Not only is the Simeprode plant in Salinas Victoria the first one of its kind to be installed in the country but it is also the first to enhance its capacity in Latin-America The plant director Jorge Padilla emphasized the State of Nuevo Leon contribution to reduce emissions of methane in the atmosphere – a greenhouse effect gas –. Up until now, the plant has already consumed more than 1.1 millions metrics tons of this gas. Currently, the Monterrey I plant which started operations in November 2003, has a 7.42 megawatts per hour apacity. It can generate from 25 to 50% of the total public street lighting in the metropolitan area and 82% of the total subway energy consumption. When the Project Monterrey II starts, the plant will satisfy the electric needs of both subway lines and will supply the energy for 50 to 70% of the total street lighting. Private Banking Potential in Chile Stands at US$ 40.7B Summary of original article: Chilean private banking players face a US$ 40.7bn potential market in untapped assets, according to a study carried out by US consulting and technology services company Accenture, local financial services firm LarrainVial and Adolfo Ibanez university. “Most of the Assets are held by inexperienced investors, who tend to go for safer investments such as time deposits”, said Augusto Undurraga, Larrain Vial private banking global management director. In Chile, private banking players include commercial and retail banks, niche players such as hedge funds and private offices as well as stock brokerages and fund managers. Today, a third of Chile’s wealth comes from non-traditional sources such as independent workers, executive or entrepreneurs, said Diego Pleszowski, Accenture financial services partner. The mass affluent segment – those with liquid assets between US$ 100,000 and US$ 1mn – grew more than 30% in 2007, with wealth managed in this niche rising 19.3% to US$ 19.3B. For the full story, click here Peruvian Natural Gas Output Rose to a Record in May Summary of original article: Peru ’s natural-gas production rose to a record in May as power plants operated by Endesa SA and Suez SA increased gas purchases. Gas output jumped to 228.8 million cubic feet a day, an increase of 21% from the previous month, on production gains at the Camisea and Aguaytia fields, said state oil-licensing agency Perupetro. Peru , South America’s fifth-largest natural-gas producer, has lined up $6 million in investment commitments in its oil and gas industry in a bid to boost output. Peru is a net importer of oil, which has doubled in price over the past 12 months. For the full story, click here Farewell to Polina and AIESEC York University Polina Chinkarenko has completed her internship with the CCA after 8 months of delivering the weekly CCA newsletter. Polina joined the council through AIESEC York University, an international, non-profit, student-run organization that allows students unique work opportunities through their Global Internship Program. During her internship, Polina researched the current business news in the Americas, delivering the most important articles that represent the alliances, business opportunities and progress of our continent. CCA thanks Polina for her invaluable assistance and wish her success in all her future endeavours. David Medina, a former intern at the CCA, will now assist in preparing our weekly bulletin. We will continue the tradition of bringing news and events that promote business and strengthen the relations within the Americas. This newsletter has been brought to you in part by: CCACommunication Committee: David Medina and Andreia Santos For suggestions or comments about our CCA Bulletin feel free to contact us by email at cca@iecanada.com If you do not wish to continue receiving the CCA Update, contact us at: cca@iecanada.com. Type in Unsubscribe in the Subject line. Disclaimer – CCA Update
is provided as an information service to our members and key contacts. It is
designed to provide the most up-to-date trade information from a variety of
sources. The information we feature does not necessarily reflect the
Council’s opinion on a given international trade issue. Although we
endeavour to disclose accurate and timely information, there can be no
guarantee that such information is accurate as of the date it is received or
that it will continue to be accurate in the future. The Canadian Council for
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