So said British Deputy Foreign Minister Alan Duncan on Friday during the Business Networking Day, a gathering organized by the Argentine-British Chamber of Commerce at the Embassy in London.
The European Union and Canada signed a free trade agreement that aims to generate jobs and growth though it must still clear some 40 national and regional parliaments in Europe in the coming years to enter fully into force. Canadian Prime Minister Justin Trudeau signed the treaty along with the heads of EU institutions, a step that should enable a provisional implementation of the pact early in 2017 with the removal of most import duties.
Chilean airline LAW (Latin American Wings) had submitted a letter of intent on Friday and now it intends to go ahead with the talks. Company representatives are expectd to arrive in Montevideo on Thursday to hold meetings with Alas Uruguay authorities and with the Transport and Public Works Minister Victor Rossi.
An Argentine-Uruguayan commission took 50 samples of effluent from the pulp mill off Fray Bentos and as many in the Gualeguaychú mouth of the river in Entre Rios. Botnia passes test. The reports from the samples collected on the Argetine side recorded more polluting than those found off Fray Bentos. The plant's formal name is Orion but is widely known for its original Finnish name Botnia.
The Federal Reserve, on Wednesday following a two-day meeting, and with two members dissenting, left interest rates unchanged but anticipated the FOMC “judges that the case for an increase in the federal funds rate has continued to strengthen, but decided, for the time being, to wait for some further evidence of continued progress toward its objectives”.
Bunge and Aceitera General Deheza S.A. (AGD) announced they will jointly invest US$100 million in Puerto General San Martin’s T6 industrial complex and port terminal. Puerto General San Martin is an inland port in Argentina that sits on the Paraná River.
Argentina's oil company YPF and Norway's Statoil have signed a cooperation agreement to further gather information on Argentina's offshore potential. The accord was signed in Oslo between YPF CEO Ricardo Darré and Statoil Exploration vice president Tim Dodson.
The Falklands Islands are recalling a milestone decision for the development and transformation of the economy of the country. On October 29, 1986 a Proclamation declaring the Interim Falklands Conservation and Management Zone was signed by Governor Gordon Jewkes. Director of Natural Resources, John Barton pointed out at a presentation on Wednesday evening to mark 30 years of Falkland Fisheries.
The International Energy Agency said in its latest report that last year the world's capacity to generate electricity from renewable sources has now overtaken coal, and renewable accounted for more than half of the increase in power capacity.
The board of Tata Sons, the holding company of the Tata Group, has unexpectedly replaced Cyrus Mistry as chairman. Ratan Tata has been named as interim chairman while a selection committee finds a permanent replacement.