Saturday, August 15th 2015 - 08:50 UTC

Uruguay says Brazil rejects idea of leaving Mercosur, but agrees that deep changes are urgent

Nin Novoa said that on Thursday when hearing about Senator Calheiros proposal he contacted Brazilian foreign minister Mauro Vieira

Uruguay's foreign minister said on Friday that “nobody” supports the proposal from the Brazilian Senate president Renan Calheiros to put an end to the Mercosur customs union. However he did point out that he proposal exposed that the block effectively is 'not working' and needs to have its foundations reviewed.

Friday, August 14th 2015 - 09:23 UTC

Political ally who can save Rousseff from impeachment wants Brazil out of Mercosur

Calheiros, president of the Senate belongs to the largest party in Brazil and main coalition ally of the ruling Workers Party, from president Dilma Rousseff

Renan Calheiros, president of the Brazilian Senate, and the man who could help President Dilma Rousseff avoid impeachment in Congress, has proposed a package of measures to rescue Brazil from its current stagflation, but among his demands is “an end to the customs union of Mercosur”.

Thursday, August 13th 2015 - 03:37 UTC

Mercosur's Paraguay meeting to iron out proposal to present to Europe

The meeting in Asunción will be headed by Rigoberto Gauto, who is currently the Mercosur coordinator since Paraguay holds this half year the rotating chair.

Technical teams from Mercosur country members are scheduled to meet next Tuesday in Paraguay to iron out the final proposal to be presented by the group to the European Union for the long delayed trade and cooperation agreement. The meeting in Asunción will be headed by Rigoberto Gauto, who is currently the Mercosur coordinator since Paraguay holds this half year the rotating chair.

Wednesday, August 12th 2015 - 07:21 UTC

Parlasur bench: after seven attempts first election win for Malvinas affairs desk head Filmus

Filmus figured in the fourth place of the Victory Front list, behind Jorge Taiana and current ministers of Culture, Teresa Parodi and Defense, Agustin Rossi.

Daniel Filmus, head of the Malvinas Affairs Desk in the Argentine ministry of foreign affairs can expect to become a member of Mercosur Parliament, or Parlasur, in the coming October general election, following on a repeat of the Argentine primaries' results of last Sunday.

Thursday, July 30th 2015 - 22:31 UTC

UK Overseas Territories agree on a 'unified front' for December's JMC in London

The participants of the meeting in Hamilton pose for the 'family picture' at the end of discussions

Leaders of several British Overseas Territories meeting in Bermuda released a joint statement following a Pre-Joint Ministerial Council two-day meeting held last week in Hamilton. The goal of the international gathering was to discuss matters of common interest in order to present a unified front next December at the JMC in London.

Thursday, July 30th 2015 - 22:28 UTC

For the sixth straight time, Brazil raises interest rate 50 points to 14.25%

Copom said keeping rates at 14.25% level for a sufficiently long period of time was needed for inflation to converge to the target in late 2016.

Brazil's central bank raised interest rates to 14.25% from 13.75% as expected on Wednesday, delivering another hefty increase to stifle inflationary risks from a sharp depreciation of the local currency. This is the highest rate since October 2006.

Thursday, July 30th 2015 - 09:39 UTC

Brazil's agriculture minister optimistic about a Mercosur/EU trade accord by end of the year

“Mercosur is on the right track, countries of the region have virtually agreed on the proposals to exchange with the European Union”, said Ms Abreu

Brazil' minister of agriculture Katia Abreu said she was very optimistic about Mercosur reaching a trade agreement with the European Union, and if there are problems look to Europe, because Mercosur members have almost agreed and finished their proposal.

Tuesday, July 21st 2015 - 04:28 UTC

Falklands' oil industry: Mercosur special declaration in support of Argentina's Malvinas dispute

“Aware of the presence of a semi-submersible rig in the Argentine continental shelf involved in hydrocarbons exploration activities non authorized by Argentina...”

The latest Mercosur summit, held last week in Brazil included a special statement, --besides the main regular declaration with 69 articles--, blasting the UK for violating international law and Argentine domestic law over the exploration of hydrocarbons “in the Argentine continental shelf in proximity of the Malvinas Islands”.

Saturday, July 18th 2015 - 09:29 UTC

Mercosur agrees to give intra-trade a new boost eliminating barriers

Dilma Rousseff formally hands the pro tempore presidency of Mercosur for the next six months to Paraguayan president Horacio Cartes

Mercosur agreed at the Brasilia summit that in the second half of the year they will address alternatives for the elimination of tariff and other similar barriers that impede the natural flow of trade of goods and services among its members. The initiative was agreed by Common Market Council, CMC, on the first day of deliberations and confirmed on Friday by the presidents of the group's full members.

Saturday, July 18th 2015 - 09:15 UTC

Cristina Fernandez hails Mercosur success in integration and in promoting a political block

“As responsible leaders, we cannot stop noticing the challenges we have ahead,” Cristina Fernandez said stressing the need to address destabilization attempts

In what can be considered her last speech before a Mercosur summit, Argentine president Cristina Fernandez, who is stepping down next December, hailed what she called the “magnitude of the importance of integration” in South America with the inclusion of both Venezuela and Bolivia showing the “success and the resounding failure for those who forecasted for years that the Mercosur was going to fail.”


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!