Latin AmericaLatin America
US Vice President Joe Biden will hold talks with Latin American leaders about protest-hit Venezuela during his trip to Chile from Sunday for the inauguration of President Michelle Bachelet scheduled for Tuesday and which is expected to convene regional leaders.
Brazil recorded its largest February trade deficit ever, deepening a trade gap this year that underscores the lack of competitiveness from local industry. The deficit reached 2.125 billion dollars the trade ministry announced.
Latin American foreign ministers and most probably presidents, will meet next week to discuss the unrest in Venezuela that has left at least 21 dead and hundreds injured and arrested following weeks of protests and clashes, according to the Ecuadorean president Rafael Correa.
The Organization of American States (OAS) Permanent Council approved late Friday night after a whole day of discussions and by an ample majority, a statement in support of peace and an end to violence in Venezuela, where street protests and clashes have left at least 22 dead and hundreds injured and arrested.
With an eye on Argentina and Venezuela, Brazil private sector wants Mercosur trade in local currencies
Brazil's private sector concerned with harsh times ahead, particularly with exports to Argentina and Venezuela are proposing that Mercosur trade should be done with local currencies leaving aside the US dollar. The initiative was launched by the president of the Brazil-Argentina Commerce Chamber.
The dynamic imbalance in trade negotiations is clearly evident in the case of trade negotiations of Canada and the US with the European Union, and what happens with EU/Mercosur trade talks that have been going for seventeen years, with no clear results yet, according to OAS Secretary General Miguel Insulza.
Hugo Swire MP, FCO Minister for Latin America, will be visiting Uruguay on Wednesday 12 March where he is scheduled to hold several political and trade meetings. The minister will be returning from Santiago de Chile where he will attend the inauguration ceremony of Chilean president Michelle Bachelet.
Inflation in Uruguay during February reached 1.66% which is equivalent to 9.82% in the last twelve months, the third highest in South America behind Venezuela and Argentina.
Lawmaker Jaime Trobo came out strongly is support of close links between the Falkland Islands and Uruguay in a column which he published in Mercopress underlining the ”interesting lesson of discovering a reality mostly unknown for Uruguayans despite the (Islands) geographic, cultural and historic proximity to Uruguay”.
Followers of Venezuela's late populist leader Hugo Chavez flooded the streets on Wednesday to mark the anniversary of his death, a sad but welcome distraction for his successor who has faced a month of violent protests.