Mercosur

Mercosur
Thursday, September 22nd 2016 - 15:40 UTC

Rousseff back on the political trail in defence of Lula da Silva

“Brazil is going through a very difficult moment. A process is underway that is systematically breaking the constitution,” Rousseff told supporters at a rally

Former President Dilma Rousseff called the prosecution of her predecessor on corruption charges another attack on Brazil's democracy, speaking just weeks after the Senate removed her from office in an impeachment trial.

Thursday, September 22nd 2016 - 15:38 UTC

Ex finance minister of Lula and Rousseff arrested in connection to Petrobras corruption

Mantega was arrested at a Sao Paulo hospital where his wife had undergone surgery, his lawyer Jose Roberto Batochio told the G1 online news outlet.

Brazilian police on Thursday arrested Guido Mantega, a former finance minister under presidents Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.However Brazilian Judge Sergio Moro later in the day revoked the temporary detention order citing Mantega's cooperation with a search of his home and his wife's surgery in a Sao Paulo hospital.

Tuesday, September 20th 2016 - 09:53 UTC

Brazil and Uruguay agree on a Mercosur with “a greater open integration”

“The meeting was positive and we agreed with president Temer that Uruguay will continue as coordinator of Mercosur trade talks with the EU” Vazquez was quoted

President Tabare Vazquez confirmed on Monday that Uruguay will continue as “coordinator” of discussions between Mercosur and the European Union to reach a wide ranging trade agreement.

Tuesday, September 20th 2016 - 04:55 UTC

British MPs in Uruguay for the EuroLat American Assembly plenary session

British MPs meet with Uruguay´s president of the Lower House, Gerardo Amarilla at the Palacio Legislativo

A delegation of British MPs are visiting Uruguay to attend the ninth plenary session of the Euro-Lat American Assembly which is taking place this week at the country´s Parliament house. The group includes Nigel Evans, Mark Menzies and Graham Stuart from the ruling Conservative party and Lindsay Hoyle and Lord Howarth of Newport from opposition Labour.

Sunday, September 18th 2016 - 06:52 UTC

Argentina/UK statement on Falklands and dialogue ”promising”, but Congress decides

“My position is very clear, I always support dialogue, but also the defense of our natural resources in the Malvinas and surrounding areas”, said governor Bertone.

The recent Argentina/UK joint cooperation statement, with a chapter on the Falklands/Malvinas Islands, is “promising”, however much rests to be defined and agreed, and additional air links should be carried out by Argentina's flag carrier, according to Rosana Bertone, governor of the extreme south province of Tierra del Fuego, Antarctica and South Atlantic Islands.

Friday, September 16th 2016 - 08:25 UTC

Argentina (and Brazil) optimistic about a Mercosur/EU trade accord by the end of 2017

“It's an opportunity for Mercosur since none of the founding members is going to allow political problems to interfere with trade policy” said minister Braun

The current critical situation of Mercosur is an opportunity to strengthen and advance trade negotiations, which could include the long delayed accord with the European Union by the end of 2017, according to Argentina's Secretary of Commerce, Miguel Braun.

Thursday, September 15th 2016 - 10:40 UTC

Uruguay admits “consensus support” to remove Venezuela from Mercosur rotating chair

 “If Uruguay had opposed the declaration, Mercosur would have been in full paralysis” argued Cancela regarding the Mercosur consensus statement

Uruguay's deputy foreign minister Jose Luis Cancela said that if Uruguay had not complied with the other Mercosur three founding members' joint declaration ignoring Venezuela's presidency and demanding it complies with the group's legislation and treaties, “Mercosur would have been launched into a period of full paralysis”.

Wednesday, September 14th 2016 - 18:35 UTC

Falklands welcomes UK/Argentina future cooperation agreement, which leaves sovereignty discussions out

FIG will be represented at any future discussions on the above matters. Sovereignty of the Falkland Islands will not be part of these discussions.

The Falkland Islands Government (FIG) welcomed the UK/Argentina future cooperation agreement to remove all obstacles limiting the economic growth and development of the Falkland Islands and points out it will be represented at future discussions on these matters, the removal of sanctions on hydrocarbons, fisheries, shipping and tourism, and underlines that “sovereignty of the Falkland Islands will not be part of these discussions”.

Wednesday, September 14th 2016 - 08:28 UTC

Venezuela could lose Mercosur membership if it does not comply with the block's rules

      Venezuela is expected to must approve an estimated 300 rules and regulations, and incorporate some thirty international treaties by next December

Mercosur full members are working on a resolution calling on Venezuela to comply with all rules, regulations and international treaties of the block, which should be incorporated by next December, and if not the country could lose its membership, according to Uruguayan foreign minister Rodolfo Nin Novoa.

Tuesday, September 13th 2016 - 19:56 UTC

Brazil launches ambitious program to auction off oil, power and infrastructure concessions

Temer's administration is selling assets and pushing for unpopular austerity reforms to prop fiscal accounts that has cost Brazil its investment-grade rating.

Brazil on Tuesday launched a multibillion-dollar plan to auction off oil, power rights and infrastructure concessions, in an attempt by the new government to bolster private investment in a moribund economy. The government will sell operating licenses for airports in the cities of Porto Alegre, Salvador, Florianopolis and Fortaleza by the first quarter of 2017. It also plans to sell rights to operate federal roads in the center-west and south regions later next year.

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