Mercosur

Mercosur
Monday, June 23rd 2014 - 04:39 UTC

Mercosur and Celac stand by Argentina in the hedge funds litigation

Mercosur heads of state expressed their ”most absolute rejection to the attitude of the holdouts

Mercosur and Celac country-members expressed support for Argentina and its ongoing litigation with the holdout hedge funds, particularly last week's decision from the US Supreme Court, (which refused to consider the case), and the financial consequences emerging from such a position.

Saturday, June 21st 2014 - 09:04 UTC

Brazil disappointed with Argentina's 'lack of ambition' in reaching trade accord with EU

The administration of Cristina Fernandez wants a seven year grace before reducing some tariffs

Argentina and Brazil have again clashed not over football but over trade and Mercosur according to the Sao Paulo media. Brazil believes there is “a lack of ambition from Argentina” to finish polishing the proposal to be exchanged with the European Union for a much delayed cooperation and trade agreement.

Saturday, June 21st 2014 - 08:35 UTC

Bachelet proposes meeting of Mercosur and Pacific Alliance leaders

Bachelet addressing at the Alliance summit

Chilean President Michelle Bachelet on Friday proposed a September gathering between officials and business leaders from Mercosur and the Pacific Alliance in hopes of creating a tie-up between the two Latin American trade groups.

Monday, June 16th 2014 - 06:58 UTC

Pacific Alliance wants to 'expand influence' through cooperation with other groups

Mexican minister Guajardo says integration with observer countries is possible in specific areas

The Pacific Alliance will try to 'expand its influence' through agreements with other blocks to improve cooperation in different fields while targeting a “wider integration” in the region, said Mexico's Economy minister Ildefonso Guajardo. The Alliance is holding its summit this week in Punta Mita, Mexico when the chair of the group will pass from Colombia on to Mexico.

Monday, June 16th 2014 - 06:46 UTC

Merkel fully committed to reach an EU/Mercosur trade deal

The German Chancellor met on Sunday with President Rousseff in Brasilia

German Chancellor Angela Merkel assured Brazil on Sunday that she will do her utmost to bring to successful end negotiations for a cooperation and free trade deal between the European Union and Mercosur.

Tuesday, June 10th 2014 - 08:25 UTC

EU waiting for a signal from Mercosur for the trade deal, says Brussels official

Christian Leffler attended the OAS assembly in Paraguay

“There is no sense in holding discussions if both sides are not ready” and there are no dates for a meeting of European Union and Mercosur negotiators, revealed the EU External Action Service Director Christian Leffler who nevertheless expects a positive result in the near future.

Friday, May 23rd 2014 - 10:36 UTC

European lawmakers warn about the impact of a EU/Mercosur accord

MEP Harkin believes Barroso will force the hand after the EU elections

European Parliament lawmakers Marian Harkin and Pat The Cope Gallagher have issued strong warnings of soundings coming from Europe of a potential Mercosur trade deal, particularly European Commission President Barroso intention of having the agreement signed before he steps down from office.

Tuesday, May 20th 2014 - 07:31 UTC

Venezuelan situation impedes Mercosur summit to take place in Caracas, says Almargo

Almagro stated that Venezuela has other priorities such as the peace dialogue and the social situation

Uruguay Foreign Affairs minister Luis Almagro said that the political situation in Venezuela makes it quite improbable that the three-times postponed and since delayed Mercosur summit can effectively take place in Caracas sometime in the next two months.

Thursday, May 15th 2014 - 07:16 UTC

Mujica admits Mercosur problems but praises Brazil's open market attitude

The Uruguayan president next to the World Bank's Jorge Familiar  and CNN's Juan Carlos Lopez

In a 'dialogue without ties' at the World Bank President Jose Mujica said that Uruguay is a 'frontier country' which history did not want it to belong to any of the two big neighbors (Argentina and Brazil) so that the Atlantic ocean would not be left to an only country.

Friday, May 9th 2014 - 06:47 UTC

Brazil says Mercosur/EU to meet in Brussels at the end of May for trade talks

Minister Borges also announced that Mercosur will hold a preparatory meeting in Caracas, next week

At the end of May Mercosur will be ready to exchange tariff-reduction proposals with the European Union, announced Brazilian Industry minister Mauro Borges who also anticipated the trade block would be holding a preparatory meeting next week in Caracas, Venezuela.

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