The main advantage of hosting in your own country is most likely to be support availability, basically the host is open when you are and there's more technical support at the datacenter during the day.
One thing you may want to consider if you don't have it already is a backup to your email service, otherwise known as Backup MX. You can have several layers of backup settings for just in case your main host server is down; all emails will be sent to the next mail server. Ask your host about this.
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David
meirhosting.net
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