IBOV 177,158.86 ▲ 1.88% IPSA 11,030.67 ▲ 0.87% IPC MEX 67,327.01 ▲ 1.28% MERVAL 3,304,918 — 0.00% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL5.06▲ 0.09% USD/MXN17.34▼ 0.01% USD/CLP926.58▲ 0.05% USD/COP3,120▼ 2.51% USD/PEN3.39▼ 0.05% USD/ARS1,489▼ 0.03% USD/UYU40.22▲ 1.36% USD/PYG5,941▲ 0.85% USD/BOB12.10▲ 8.06% USD/DOP58.11▲ 0.35% USD/CRC448.40▲ 1.30% USD/GTQ7.63▲ 2.31% USD/HNL26.76▲ 0.39% USD/NIO36.62▲ 0.34% USD/VES744.76▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.32▲ 0.56% USD/TTD6.74▲ 1.21% EUR/BRL5.82▼ 0.87% BRENT 90.35 ▲ 1.48% WTI 85.71 ▲ 2.54% IRON ORE 161.91 — — COPPER 6.49 ▲ 0.76% GOLD 4,101 ▲ 0.01% SILVER 57.72 ▼ 1.86% SOY 1,191 ▲ 1.17% CORN 466.00 ▲ 4.54% WHEAT 654.00 ▼ 1.43% COFFEE 310.15 ▼ 3.99% SUGAR 14.61 ▲ 1.25% ORANGE JUICE 146.75 ▲ 0.51% COTTON 81.82 ▲ 3.03% COCOA 5,443 ▲ 6.47% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.83 ▲ 0.02% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.83 ▲ 1.59% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 382.13 ▲ 0.81% ASUR 276.56 — 0.00% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.00 ▲ 0.62% TGS 9,820 ▲ 3.26% CEPU 2,407 ▲ 5.06% MIRGOR 16,725 ▲ 1.06% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 299.00 ▲ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 — 0.00% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 — 0.00% OMA AIRPORT 108.09 — 0.00% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 63,640 ▼ 1.68% ETH 1,885 ▼ 1.70% SOL 73.67 ▼ 1.07% XRP 1.07 ▼ 1.17% BNB 592.45 ▲ 0.07% ADA 0.17 ▲ 0.78% DOGE 0.07 ▼ 1.41% AVAX 6.47 ▲ 0.56% LINK 8.26 ▼ 2.35% DOT 0.76 ▼ 0.92% LTC 45.24 ▼ 0.67% BCH 207.65 ▼ 4.32% TRX 0.33 ▼ 0.47% XLM 0.17 ▼ 0.60% HBAR 0.07 ▼ 0.36% NEAR 1.67 ▼ 0.38% ATOM 1.24 ▼ 3.01% AAVE 97.78 ▼ 1.67% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 — 0.00% INTER 5.64 ▲ 4.25% EGX 53,442 ▼ 0.35% USD/ZAR16.54▲ 0.25% USD/NGN1,364▲ 0.07% NIKKEI 64,362 ▲ 4.03% CSI300 4,588 ▲ 0.85% HSI 25,884 ▲ 0.10% NIFTY 24,384 ▲ 0.27% KOSPI 6,595 ▲ 17.91% JCI 6,236 ▲ 0.80% USD/JPY159.53— 0.00% USD/CNY6.74▼ 0.20% DAX 25,643 ▲ 0.12% CAC 8,536 ▲ 0.59% FTSE 10,907 ▲ 0.09% MIB 52,298 ▲ 0.37% IBEX 19,816 ▲ 0.29% STOXX 651.14 ▲ 0.18% EUR/USD1.15▼ 0.21% GBP/USD1.34▲ 0.48% SPX 7,477 ▲ 0.52% DJI 52,421 ▲ 0.41% NDX 28,488 ▲ 1.36% RUT 2,946 ▲ 1.37% TSX 35,465 ▼ 0.11% VIX 17.07 ▼ 0.12% USD/CAD1.40▲ 0.05% US10Y 4.7040 ▲ 0.88% IBOV 177,158.86 ▲ 1.88% IPSA 11,030.67 ▲ 0.87% IPC MEX 67,327.01 ▲ 1.28% MERVAL 3,304,918 — 0.00% COLCAP 2,342.44 ▲ 1.64% BVL PERÚ 57,107.38 — — USD/BRL 5.07 ▲ 0.20% USD/MXN 17.35 ▲ 0.01% USD/CLP 927.13 ▲ 0.11% USD/COP 3,128 ▼ 2.26% USD/PEN 3.39 ▼ 0.11% USD/ARS 1,489 ▼ 0.03% USD/UYU 40.22 ▲ 1.36% USD/PYG 5,941 ▲ 0.85% USD/BOB 12.10 ▲ 8.06% USD/DOP 58.11 ▲ 0.35% USD/CRC 448.40 ▲ 1.30% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.76 ▲ 0.39% USD/NIO 36.62 ▲ 0.34% USD/VES 744.76 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.67% USD/TTD 6.74 ▲ 1.21% EUR/BRL 5.82 ▼ 0.87% BRENT 90.35 ▲ 1.48% WTI 85.71 ▲ 2.54% IRON ORE 161.91 — — COPPER 6.49 ▲ 0.76% GOLD 4,101 ▲ 0.01% SILVER 57.72 ▼ 1.86% SOY 1,191 ▲ 1.17% CORN 466.00 ▲ 4.54% WHEAT 654.00 ▼ 1.43% COFFEE 310.15 ▼ 3.99% SUGAR 14.61 ▲ 1.25% ORANGE JUICE 146.75 ▲ 0.51% COTTON 81.82 ▲ 3.03% COCOA 5,443 ▲ 6.47% BEEF 227.45 ▼ 0.20% CATTLE 342.60 ▼ 0.49% LITHIUM 69.83 ▲ 0.02% PETR4 42.84 ▲ 2.00% VALE3 76.09 ▲ 1.39% ITUB4 42.74 ▲ 2.20% BBDC4 18.39 ▲ 0.22% ABEV3 15.96 ▲ 0.38% BBAS3 21.19 ▲ 1.97% B3SA3 15.63 ▲ 2.02% WEGE3 46.82 ▲ 2.59% PRIO3 59.96 ▲ 2.65% SUZB3 42.73 ▲ 1.02% RENT3 38.23 ▲ 2.11% AZZA3 15.86 ▼ 1.80% CSAN3 3.99 ▲ 2.57% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 2.49% GMAT3 3.98 ▲ 2.31% PSSA3 54.35 ▲ 1.00% CVCB3 1.30 ▲ 1.56% POSI3 3.52 ▼ 0.85% SLCE3 13.26 ▲ 1.30% NATU3 8.33 ▲ 0.73% BRKM5 5.93 ▲ 3.67% RANI3 8.03 ▲ 0.88% CSNA3 4.95 ▼ 4.81% CMIN3 5.72 ▼ 4.35% USIM5 7.55 ▼ 9.25% GGBR4 24.98 ▲ 0.77% ENEV3 26.15 ▲ 1.08% CPFE3 46.09 ▲ 2.90% CMIG4 11.23 ▲ 2.09% EQTL3 38.66 ▲ 2.22% LREN3 13.52 ▲ 1.20% VIVT3 32.63 ▲ 0.28% RAIL3 14.28 ▲ 2.37% KLABIN 18.05 ▲ 0.17% RAIA DROGASIL 18.25 ▲ 2.76% RDOR3 34.42 ▲ 1.68% HAPV3 11.01 ▲ 4.36% FLRY3 16.97 ▲ 0.83% SMTO3 14.40 ▲ 0.91% UGPA3 32.92 ▲ 2.88% VBBR3 35.63 ▲ 2.98% BBSE3 40.86 ▼ 0.15% BPAC11 56.62 ▲ 3.59% CURY3 30.40 ▲ 5.37% AERI3 2.13 ▲ 0.95% VIVARA 22.16 ▼ 0.85% COMPASS 24.84 ▲ 2.60% VAMOS 3.42 ▲ 3.32% SANB11 25.25 ▼ 1.48% ASAI3 8.41 ▲ 1.33% SBSP3 27.41 ▲ 3.01% WALMEX 50.34 ▲ 1.78% GMEXICO 212.28 ▲ 2.66% FEMSA 219.70 ▲ 3.56% CEMEX 20.72 ▲ 0.63% GFNORTE 200.90 ▲ 2.13% BIMBO 60.83 ▲ 1.59% TELEVISA 9.94 ▲ 0.81% AMX 21.99 ▲ 0.73% GAP 382.13 ▲ 0.81% ASUR 276.56 — 0.00% OMA 233.94 ▲ 0.55% KOF 189.04 ▲ 1.18% GRUMA 268.28 ▲ 0.39% KIMBER 40.34 ▼ 0.25% SQM-B 63,290 ▼ 0.80% COPEC 6,300 ▲ 1.78% BSANTANDER 80.70 ▲ 0.57% FALABELLA 6,220 ▲ 0.06% ENELAM 87.65 ▲ 1.11% CENCOSUD 1,945 ▲ 1.35% CMPC 1,030 ▼ 0.49% BANCO CHILE 196.80 ▲ 3.04% LATAM AIR 24.90 ▲ 2.05% YPF 81,400 ▲ 2.04% GGAL 8,015 ▲ 2.82% PAMPA 5,525 ▲ 2.89% TXAR 648.00 ▼ 1.52% ALUAR 979.00 ▲ 0.62% TGS 9,820 ▲ 3.26% CEPU 2,407 ▲ 5.06% MIRGOR 16,725 ▲ 1.06% COME 44.75 ▲ 4.95% LOMA NEGRA 3,690 ▲ 0.48% BYMA 299.00 ▲ 0.34% TELECOM ARG 4,355 ▲ 1.52% ECOPETROL 17.04 ▲ 3.90% BANCOLOMBIA 93.89 ▲ 4.94% GRUPO AVAL 5.17 ▲ 5.41% CREDICORP 402.27 ▲ 4.78% SOUTHERN COPPER 185.00 ▲ 5.43% BUENAVENTURA 31.86 ▲ 5.43% MERCADOLIBRE 1,886 ▲ 1.20% NUBANK 14.49 ▲ 3.21% XP 17.20 ▲ 5.46% PAGSEGURO 9.84 ▲ 3.14% STONE 11.43 ▲ 4.29% GLOBANT 36.39 ▼ 4.61% TECNOGLASS 43.59 — 0.00% GAP AIRPORT 219.58 ▲ 1.20% ASUR 276.56 — 0.00% OMA AIRPORT 108.09 — 0.00% AMX ADR 25.33 ▲ 1.85% FEMSA ADR 126.76 ▲ 4.71% CEMEX ADR 11.94 ▲ 2.01% PETROBRAS ADR 19.12 ▲ 2.85% VALE ADR 14.99 ▲ 2.32% ITAU ADR 8.44 ▲ 3.56% SANTANDER BR 5.06 ▲ 1.29% AMBEV ADR 3.12 ▲ 0.65% CSN 1.01 ▼ 2.43% GERDAU 4.96 ▲ 2.06% LATAM ADR 53.94 ▲ 3.63% BTC 63,640 ▼ 1.68% ETH 1,885 ▼ 1.70% SOL 73.67 ▼ 1.07% XRP 1.07 ▼ 1.17% BNB 592.45 ▲ 0.07% ADA 0.17 ▲ 0.78% DOGE 0.07 ▼ 1.41% AVAX 6.47 ▲ 0.56% LINK 8.26 ▼ 2.35% DOT 0.76 ▼ 0.92% LTC 45.24 ▼ 0.67% BCH 207.65 ▼ 4.32% TRX 0.33 ▼ 0.47% XLM 0.17 ▼ 0.60% HBAR 0.07 ▼ 0.36% NEAR 1.67 ▼ 0.38% ATOM 1.24 ▼ 3.01% AAVE 97.78 ▼ 1.67% SELIC 14.25% EMBRAER 86.14 ▲ 0.06% EMBRAER ADR 68.11 ▲ 0.67% JBS 14.29 ▲ 0.42% JBS BDR 72.15 ▼ 0.32% MBRF3 17.96 ▲ 7.80% MBRFY 3.47 — 0.00% INTER 5.64 ▲ 4.25% EGX 53,442 ▼ 0.35% USD/ZAR 16.54 ▲ 0.05% USD/NGN 1,364 ▲ 0.15% NIKKEI 64,362 ▲ 4.03% CSI300 4,588 ▲ 0.85% HSI 25,884 ▲ 0.10% NIFTY 24,384 ▲ 0.27% KOSPI 6,595 ▲ 17.91% JCI 6,236 ▲ 0.80% USD/JPY 159.55 ▼ 0.04% USD/CNY 6.7419 ▼ 0.03% DAX 25,643 ▲ 0.12% CAC 8,536 ▲ 0.59% FTSE 10,907 ▲ 0.09% MIB 52,298 ▲ 0.37% IBEX 19,816 ▲ 0.29% STOXX 651.14 ▲ 0.18% EUR/USD 1.1504 ▼ 0.22% GBP/USD 1.3431 ▼ 0.25% SPX 7,477 ▲ 0.52% DJI 52,421 ▲ 0.41% NDX 28,488 ▲ 1.36% RUT 2,946 ▲ 1.37% TSX 35,465 ▼ 0.11% VIX 17.07 ▼ 0.12% USD/CAD 1.4017 ▲ 0.04% US10Y 4.7040 ▲ 0.88%
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Brazil Visa Waiver From June 1st to September 18th

By · June 3, 2016 · 3 min read

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By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – This week, on Wednesday, June 1st, the visa exemption began for American, Japanese, Canadian and Australian visitors traveling to Brazil. The initiative will last until September 18th, and is expected to stimulate tourism from these four countries leading up to the 2016 Rio Olympics.

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Visa waiver begins until September 18th for U.S., Canada, Japan and Australia, photo by Tânia Rêgo/Agência Brasil.
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The waiver initiative took shape last November, when now-suspended Brazil President, Dilma Rousseff, approved a bill allowing the ministries of both Tourism and Foreign Relations to determine visa exemptions for certain countries coming to Rio during the Games. Once the bill was approved, the ministries promptly announced that the exemptions would apply for the U.S., Japan, Canada and Australia.

According to the Ministry of Tourism’s annual survey, based on the number of visas issued in 2015, these four countries accounted for 759,087 visitors to Brazil last year. In 2015, the U.S. sent 575,796 tourists to Brazil. This was second-highest total of any country, other than Argentina, who sent more than two million visitors to Brazil, which was over thirty percent of all the visitors to the country.

Significantly, the Ministry’s figures also showed that American tourists are, on average, the highest spending visitors in the country. The typical American tourist in Brazil spends upwards of forty percent more than any other tourist, US$125 a day compared to US$87 a day for other tourist nationalities.

The Minister of Tourism, Henrique Eduardo Alves, admitted this was one of the main considerations in determining which countries would benefit from the visa exemption. “The federal government visa waiver for tourists from these four countries took into account a number of factors such as countries that spend the most in Brazil, are low migration risks, and have a strong Olympic tradition,” said Minister Alves.

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Visa waiver could increase tourism by twenty percent, or approximately 75,000 additional tourists, photo by Fernando Frazão/Agência Brasil.

For a country mired in a deep recession, the visa waiver could provide a much-needed boost. According to the World Tourism Organization (UNWTO), the initiative could increase tourism by 20 percent, accounting for an additional 75,000 international visitors. This increase could add US$80 million to the Brazilian economy.

Other international organizations have chimed in with praise for the waiver. “The visa waiver is an excellent idea to encourage the arrival of tourists to the Olympics and perhaps these visitors will stay a little longer to know other places beyond the host cities,” said Irma Karla, president of the National Federation of Tour Guides (FENAGTUR).

“The Brazilian bureaucracy is one of the factors that negatively affect the competitiveness of Brazil as a tourist destination,” said Manuel Gama, president of the Hoteliers Operators Forum in Brazil (FOHB), “so the FOHB supports all measures that seek to encourage the increased flow of tourists to our country, including those that simplify the procedures for granting visas.”

The visa waiver for these four countries, however, does have limits as it only pertains to those entering Brazil exclusively for tourism. Though the waiver’s goal is to stimulate visitors during the Olympics, visitors intending to apply for the waiver do not need an actual ticket to an Olympic event to do so.

To examine further the intricacies of the visa exemption, on Thursday, June 9th at Doca in Ipanema, The Rio Times will host its second “TALKS” speaker series event. Among the panel of experts brought together to discuss various aspects of the Rio Olympics for foreigners in Rio, American expatriate Michael Royster, a Brazilian lawyer and managing partner at Royster Advogados Associados, who has lived in Rio for nearly forty years, will talk specifically about the visa waiver for tourists and what conditions people should be aware of.

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