Mercosur

Mercosur
Friday, March 27th 2015 - 07:15 UTC

Mercosur is being left out of the main global trade flows, argues Uruguay

“We are interested in integrating to the world's main trade flows and Uruguay and Mercosur are being left out of that dynamic traffic”, said Nin Novoa.

Mercosur is being left out of the main global trade flows since it only belongs to 1% of free trade treaties or tariff preference agreements, which actually represent half of world trade, said Uruguay's foreign minister Rodolfo Nin Novoa during a conference on “Education and regional integration”.

Thursday, March 19th 2015 - 07:26 UTC

Uruguay's Economy minister warns about Mercosur and Brazilian situation

“There are complications at global level and very significant at regional scale, not only relative to economic affairs but also to political affairs” said Astori

Uruguay's Economy minister Danilo Astori warned about the new regional and international context, not so favorable to his country's interests as in recent years, and underlined that Mercosur is going through one of its worst moments since foundation in 1991.

Sunday, March 15th 2015 - 02:33 UTC

Argentina will keep to its monetary policy despite a 20% devaluation of the Brazilian Real

Vanoli said that the US dollar in Argentina is at an “adequate level” to combat volatility, bring down inflation and boost growth

Argentina’s central bank governor Alejandro Vanoli said that despite the continued erosion of the Brazilian currency against the US dollar, which ended the week trading at 3.28 Real to the greenback, monetary policy will continue to manage the foreign exchange to avoid volatility and ensure economic growth.

Friday, March 13th 2015 - 11:38 UTC

Uruguay looks to Paraguay in support of a more open and dynamic Mercosur

Uruguayan ambassador Perazza met with Paraguay's deputy foreign minister Rigoberto Gauto to discuss Mercosur and integration

Fresh from an incident with Venezuela which delayed and displaced a Unasur meeting, the Uruguayan government is looking for closer relations with the conservative administration of Paraguay, putting the emphasis on regional integration but also in making Mercosur a more open and dynamic trade and cooperation block.

Friday, March 6th 2015 - 09:06 UTC

Mercosur has failed, Argentina needs new partners: the Pacific Alliance?

“We will have to find some other group, which could be the Pacific Alliance” said Eurnekian. Integration is vital so Argentina can address global  challenges

“Mercosur as a unified space has failed and Argentina must start thinking in a new partner, which could be the Pacific Alliance” said one of Argentina's main businessmen with interests in a diversified portfolio, Eduardo Eurnekian. He made the statement on the sidelines of the World's Chambers Federation executive board meeting in Buenos Aires.

Tuesday, March 3rd 2015 - 22:32 UTC

UK should support the Pacific Alliance

Hugo Swire is the UK’s Minister of State for Latin America and was appointed to the Foreign and Commonwealth Office in September 2012

By Hugo Swire of the UK Foreign and Commonwealth Office - A year ago I spoke at a summit in London hosted by the Financial Times and the Foreign and Commonwealth Office (FCO) about how the UK could work most effectively with the ‘Pacific Alliance’.

Sunday, March 1st 2015 - 22:03 UTC

Brazil consumers' power bills increase an average 23.4% as of next Monday

The rate hike is geared to cover the estimated 22.1 billion Real (7.77 billion dollars) cost of a subsidy program, the government no longer will finance

Brazil's utilities were granted an average special rate hike of 23.4% to cover the costs of a energy subsidy program that the government of President Dilma Rousseff has decided to stop funding directly, the country's electrical energy system regulator said on Friday, as reported by Folha de Sao Paulo.

Tuesday, February 24th 2015 - 04:52 UTC

Argentina says Mujica's comments on Argentina's integration spirit are 'unfair'

“It would be unfair if the role that Argentina and presidents Nestor Kirchner and Cristina Fernandez” went unrecognized,” Capitanich said

Argentina's Cabinet Chief Jorge Capitanich on Monday responded to Uruguay’s President José “Pepe” Mujica, who accused Argentina of “forgetting about integration” when things go right for the country, saying the statement was “unfair” given Argentina’s role in the “foundation” of regional integration.

Tuesday, February 17th 2015 - 19:30 UTC

“EU tired of waiting” for Mercosur to sign a trade agreement; Paraguay a trusted partner

The delegation of MEPs with president Cartes in Asuncion

The European Union is tired of waiting for Mercosur to sign a free trade agreement, according to a delegation of Euro members of Parliament visiting Paraguay, a country which they consider a trusted 'ally' in trying to establish closer links with Europe.

Tuesday, February 17th 2015 - 19:24 UTC

Mercosur intra-zone trade continues to slide; represents 14% for the block

According to CAC intra-zone trade has been stalled since 2011, when it expanded 24.4%, well above the historic 8.9% increase.

Trade among Mercosur partners contracted 12.3% during the third quarter of last year in annual terms, despite the fact overall trade of its members increased and despite the greater integration commitment of the group's original charter, points out the Argentine Chamber of Commerce

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