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Ibero-American Business Meeting to begin this Thursday

Ibero-American Business Meeting to begin this Thursday
Photo: Ibero-American General Secretariat

March 23 |

The XIV Ibero-American Business Meeting, which is organized in the framework of the XXVIII Ibero-American Summit of Heads of State and Government, will begin this Thursday afternoon at the Sansouci Convention Center in Santo Domingo, Dominican Republic.

According to its organizers, the event will have the slogan “Together for a fair and sustainable Iberoamerica” and will be held until Friday. On this day, several heads of State and Government are expected to participate, who will discuss the topics on the agenda, in addition to awarding the Ibero-American Quality Award and handing over the Presidency of the Council to Ecuador.

The topics to be discussed will be investment, sustainability, climate action, social commitment and new financing models, and connectivity and digital transformation. Tourism, infrastructure, energy and ecological transition and gender equality will also be discussed.

At this meeting, the report “Latin America Economic Outlook 2022” will be presented and five panels will be held, led by ministers from the Dominican Republic and other personalities from the region.

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The activities will be led by the Vice President of the Dominican Republic, Raquel Peña, and the Ibero-American Secretary General, Andres Allamand. The event will be attended by more than one thousand businessmen from the region.

Meanwhile, the Ibero-American Summit will be inaugurated this Friday and is expected to be attended by 14 presidents, two vice presidents, two prime ministers and 22 foreign ministers, who will adopt important instruments aimed at guaranteeing the development of the region.

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International

Bogotá and Quito Seek Dialogue After Tariffs and Power Cut Escalate Tensions

Bogotá and Quito will hold an emergency bilateral summit next week amid recent developments that have strained relations between the two countries.

Tensions escalated this week after Ecuadorian President Daniel Noboa unexpectedly announced a 30% tariff on Colombian imports. Colombia responded with a reciprocal measure, imposing the same tariff on around 20 Ecuadorian products and suspending electricity exports to Ecuador.

Aware that electricity imports are critical to easing Ecuador’s recent energy crises, Quito further imposed a 30% tariff on the transportation of Colombian oil through its territory.

However, recent statements from the Ecuadorian government suggest that dialogue between the two sides has intensified in recent hours. Ecuador’s Minister of Foreign Affairs, Gabriela Sommerfeld, confirmed that active conversations are under way.

In Colombia, segments of the business sector have welcomed the prospect of negotiations. The National Business Council (Consejo Gremial Nacional, CGN), for instance, urged both governments to restore commercial relations, warning that the dispute “puts jobs and regional economic stability at risk.”

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International

Trump-Era Defense Plan Prioritizes Border Security and Scales Back Global Commitments

The U.S. military will prioritize the defense of the homeland and the deterrence of China, while providing more limited support to its allies and elevating Latin America as a key focus of its agenda, according to a Pentagon strategic document released on Friday.

The 2026 National Defense Strategy (NDS) represents a significant shift from previous Pentagon policies, both in its emphasis on allies assuming greater responsibility with reduced backing from Washington and in its more moderate tone toward traditional adversaries such as China and Russia.

“As U.S. forces focus on defending the homeland and the Indo-Pacific, allies and partners elsewhere will assume primary responsibility for their own defense, with crucial but more limited support from U.S. forces,” the document states.

The previous defense strategy, published during President Joe Biden’s administration, described China as Washington’s most consequential challenge and characterized Russia as an “acute threat.”

The new strategy, however, calls for maintaining “respectful relations” with Beijing and makes no reference to Taiwan, the democratically governed island claimed by China and allied with the United States. It also describes the threat posed by Russia as “persistent but manageable,” particularly affecting NATO’s eastern members.

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While both the Biden-era strategy and the Trump administration’s approach emphasize the importance of defending U.S. territory, they differ significantly in their assessment of the challenges facing the country.

The Trump administration’s NDS sharply criticizes the previous government for neglecting border security, arguing that this failure led to an “influx of illegal immigrants” and widespread narcotics trafficking.

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International

Guatemala considers sending high-risk gang members to military prisons

Amid the escalating crisis in Guatemala’s prison system, the government is considering transferring high-risk gang members to military-run detention facilities, a move that analysts say could help address overcrowding and the lack of control in civilian prisons.

The debate has gained urgency following the killing of ten police officers by gang members, reportedly in retaliation after the government refused to meet demands made by Aldo Dupie Ochoa, alias “El Lobo,” leader of the Barrio 18 gang, which authorities identified as responsible for the attack.

Guatemala’s Minister of Defense, Henry David Sáenz, told local media that the possibility of relocating high-danger inmates to military brigades has not been formally discussed. However, he noted that the practice is not new to the Armed Forces and said it is something that “was already being done.”

One example is the detention center located within the Mariscal Zavala Military Brigade, in Zone 17 of Guatemala City, where several inmates are held under military supervision. The facility also houses high-profile detainees, including former official Eduardo Masaya, who faces corruption charges.

In 2015, a ministerial agreement authorized the establishment of the Zone Seventeen Detention Center within the brigade, with a maximum capacity of 114 inmates in Area A and 21 in Area B. The agreement specified that the facility would be used exclusively for civilians or military personnel considered at risk of assassination.

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Additionally, since 2010, a prison has operated within the Matamoros Barracks in Zone 1 of Guatemala City, holding dangerous or high-profile inmates. However, media outlets have described these military detention centers as “VIP prisons,” particularly for former government officials such as ex-president Otto Pérez Molina.

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