Latin American News Roundup October 24
As specialist logistics service providers to and from the region, Envío has summarised a few recent items of Latin American news from the month of October.
Brazil – Twitter Ban Lifted
Brazil’s Supreme Court has lifted a ban on X after Elon Musk’s platform was blocked following a dispute over disinformation. Judge Alexandre de Moraes said in his ruling “I authorise the immediate return of the activities” of X, after the company paid millions of dollars in fines for failing to comply with a series of court orders.
Mexico – Exporters watch US election closely
As the US election heads into its final week, Mexican exporters will undoubtedly be monitoring the upcoming result very closely. During his campaign, former President Trump has floated the idea of adding 10% or even 20% to worldwide tariffs, which would inevitably be damaging to the Mexican economy. Around 83% of the country’s exports are sent north of the border and higher tariffs would also hamper the current boom in nearshoring.
Peru – Ex President Jailed
Alejandro Toledo, Peru’s ex president has been sentenced to more than 20 years in prison for the role he played in a corruption scandal relating to a Brazilian construction firm. Toledo was convicted of taking $35m in bribes in exchange for a freeway construction contract, and was recently sentenced to 20 years and six months in prison.
Uruguay – Presidential election goes to second round
Uruguay is heading for a second presidential election ballot next month, after no candidate got more than 50% of this month’s first-round. In the first vote, center-left candidate Yamandu Orsi came top ahead of two candidates, Alvaro Delgado and Andres Ojeda, who split the Conservative vote. The second round will be held on 24th November.
Venezuela – Brazil veto BRICS admission
Venezuela’s foreign ministry has reacted angrily to Brazil vetoing its admission to the BRICS group of emerging economies, calling the action “immoral aggression”. Relations between the two governments have declined since July’s contested presidential election in Venezuela, with Brazil’s President saying that he would not accept the official results until a breakdown of the vote was released.
