Brazil and Argentina foreign ministers agreed on Thursday in Brasilia that Mercosur must open to the world and expand its trade horizons, but it will have to be done without Venezuela which has been currently ceased from the block. Jose Serra and Susana Malcorra coincided that Mercosur must speed the trade agreement with the European Union taking advantage of the fact US elected-president Donald Trump has pledged to limit such treaties.
The founding Mercosur countries Friday suspended Venezuela from full membership of the free-trade bloc in view of its failure to adjust its domestic regulations to economic agreements and human rights and immigration guidelines and principles that are mandatory to all the other members.
Nicolas Maduro's Venezuela has been suspended from the Mercosur regional trade bloc for failing to meet its membership requirements, a Brazilian government source revealed Thursday. And the official announcement is to be made Friday, which could not be corroborated in Buenos Aires' diplomatic circles.
President Michel Temer said that “Brazil doesn’t have solid institutions” and that is why, “small factoids” menace the country’s institutional framework. Temer made such statements during an event Monday evening with private businessmen.
Brazilian opposition party filed a petition for the impeachment of President Michel Temer, underlining the growing difficulties facing the centre-right leader as he tries to introduce austerity reforms.
The presidency of the Southern Common Market (Mercosur) in supposedly in the hands of Venezuela, who is said to have been suspended from full membership for failing to comply with the bloc's statutes.
Venezuelan President Nicolás Maduro said Tuesday that no one will be able to remove his country from the Southern Common Market (Mercosur), although the bloc's founders are considering a suspension for failure to fulfill commitments as an Associate State.
Argentina and the United Kingdom will sign this Wednesday an accord by which the two countries scientific societies will be working jointly in research projects and promoting an active exchange of scientists, as part of the recent joint statement signed last September, revealed Science and Technology minister José Lino Barañao currently in London.
Argentines have so far declared US$21.9 billion in previously hidden assets in the country's tax amnesty program meant to help jump-start the economy, Alberto Abad, director of the AFIP tax collection agency, said on Tuesday. That included US$7.2 billion in cash deposits, Abad said.
The top prosecutor in Brazil's biggest ever corruption investigation has called on the public to rally around the operation in the face of attempts to shut it down. There are fears that Congress while passing anti corruption measures would also include in an unofficial amnesty for existing cases.