The fourth round of European Union/Mercosur negotiations for a trade agreement concluded in Brussels Friday with no major advances which could be a setback for the original plan to have a deal sealed by the end of the year.
The Argentine congress ratified this week the free trade agreement between Mercosur and Israel. The accord subscribed in 2007 and already passed by the Senate, was approved in the Lower House by 144 votes, 8 nays and 10 abstentions.
A total of 9.1 million families plan to buy real estate in Brazil over the next 12 months which is a huge increase since the Minha Casa Minha Vida (My House, My Life) program was introduced in 2009
The Brazilian government is tightening a law that restricts the amount of land foreigners can buy. The decree prohibits non-Brazilians from buying controlling shares of companies that own vast tracts of territory in the country, Brazilian Attorney General Luiz Inacio Adams said in a statement this week.
Brazil’s powerful Federation of Industries of Sao Paulo State (Fiesp) is set to create a Chinese Studies Centre in partnership with the federal government, the president of the federation said in Sao Paulo.
The current-account deficit in the U.S. narrowed 9.7% to 113.3 billion US dollars in the fourth quarter, reflecting an increase in exports. The deficit for all of last year widened to 470.2 billion USD or 3.2% of GDP from 2.7% in 2009.
When US president Barack Omaba lands in Brazil next Saturday the emphasis of the visit will be on deepening economic relations and potential business opportunities, but Brazil has made it plain clear that any free trade talks with the United States can only take place in the framework of Mercosur.
The number of unemployed in the UK has hit a 17-year high of more than 2.5 million and pushed the unemployment rate to 8%, official data showed Wednesday.
The Brazilian government said GDP is expected to grow by more than 5% a year through 2014. The Finance Ministry says in a release argued that increased long term investments by the private sector will be fundamental in achieving the projected growth.
European Agriculture Commissioner Dacian Ciolos has been warned of the dangers facing Scotland if the EU opens its markets to large quantities of ‘cheap meat’ imports from Mercosur, reports the Farmers’ Guardían.