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Textile groups back ‘essential’ Mercosur-EU deal
Yahoo Finance· 2026-02-09 10:38
Core Points - The agreement between the EU and Mercosur is deemed "essential" for the competitiveness of the textile industries in both regions [1] - The deal creates a free trade area by eliminating tariffs on over 90% of EU exports to Mercosur countries [1] Trade Statistics - In 2024, the EU exported €57 billion in goods to Mercosur, making it the second-largest trading partner for Mercosur [2] - The EU's textiles and apparel sector comprises around 200,000 companies employing 1.2 million workers, with an annual turnover of approximately €170 billion [3] - Brazil's textile sector includes 25,700 businesses employing about 1.3 million people and generating $40.9 billion in turnover [4] - Argentina's textile sector consists of 4,000 companies with 540,000 workers along its value chain [4] Strategic Importance - The partnership is expected to enhance economic integration, provide predictable business rules, and support multilateral cooperation [2] - The agreement offers opportunities for market access, technological cooperation, investment, and strengthening environmental standards for both economic blocs [4] Commitment to Implementation - FITA, ABIT, and EURATEX reaffirmed their commitment to actively contribute to the implementation of the deal and pursue further actions to solidify both regions as key players in global trade [3][4]
Bladex and Scotiabank Structure US$250 Million Loan to Strengthen Peru's Energy Infrastructure
Prnewswire· 2025-09-15 14:00
Core Insights - Bladex and Scotiabank Perú have structured a US$250 million loan for Samay I S.A.C. to support the Puerto Bravo Thermal Power Plant in Arequipa, Peru [1][2] - The financing aims to enhance the stability of Peru's energy matrix, ensuring greater energy availability for economic and social development [2] Company Overview - Bladex is a multinational bank established in 1979, focused on trade finance and economic integration in Latin America and the Caribbean, with a presence in multiple countries [6] - Scotiabank Perú is part of The Bank of Nova Scotia, a major financial institution with over 200 years of history, emphasizing capital strength and a global platform to support leading companies [5] Strategic Importance - The loan is expected to be disbursed in December 2026, aligning with Infracorp's financial planning to optimize its debt-to-equity structure [2] - The collaboration between Bladex and Scotiabank demonstrates their commitment to supporting strategic projects that contribute to the economic progress of Peru [3][4]
BLADEX'S SECOND QUARTER 2025 CONFERENCE CALL
Prnewswire· 2025-07-15 11:00
Core Points - Bladex will hold a conference call to discuss its second quarter 2025 results on August 5, 2025, at 11:00 a.m. Eastern Time [1] - The earnings release for the second quarter will be announced on August 4, 2025, after market close [2] - Bladex is a multinational bank established in 1979 to promote foreign trade and economic integration in Latin America and the Caribbean [3] - The bank is headquartered in Panama and has offices in several countries, including Argentina, Brazil, Colombia, Mexico, and the USA [3] - Bladex has been listed on the NYSE since 1992, with shareholders including central banks and state-owned entities from 23 Latin American countries [4]