Pacific Alliance and Mercosur begin round of ministerial informative meetings

Mercosur describes the Pacific Alliance as “a regional integration initiative started in April 2011”, while Mercosur was launched in Paraguay in 1991.     Mercosur describes the Pacific Alliance as “a regional integration initiative started in April 2011”, while Mercosur was launched in Paraguay in 1991.

The Pacific Alliance and Mercosur will be holding a two-day ministerial informative meeting in Cartagena de Indias, Colombia, beginning this Friday, a first approach to a possible convergence of the two groupings, according to official releases.

Argentina approves new hydrocarbons bill to attract foreign investments

Argentine urgently needs an inflow of funds to develop its massive Vaca Muerta shale oil and gas deposits and lower its hefty energy-import bill.Argentine urgently needs an inflow of funds to develop its massive Vaca Muerta shale oil and gas deposits and lower its hefty energy-import bill.

Argentina's lower house of Congress, which is controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticized by opposition lawmakers. The lower house passed the bill with a vote of 130-116 with one abstention after more than 14 hours of debate.

Argentina tells bondholders to take legal action against Judge Griesa who is 'withholding funds'

“Instead of demanding the acceleration, bondholders should take legal actions against Griesa who is improperly withholding funds” said Capitanich“Instead of demanding the acceleration, bondholders should take legal actions against Griesa who is improperly withholding funds” said Capitanich

Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.

Sweden becomes first EU country to recognize the State of Palestine

“It is an important step that confirms the Palestinians’ right to self-determination”, said foreign minister Margot Wallstrom said in a statement “It is an important step that confirms the Palestinians’ right to self-determination”, said foreign minister Margot Wallstrom said in a statement

Sweden has recognized the State of Palestine, the country’s foreign minister has announced, making it the first European Union country to do so. The 130 other nations that already recognize a Palestinian State include Hungary, Slovakia and Poland although these three countries took this step before joining the EU.

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