Mercosur

Mercosur
Friday, August 1st 2014 - 09:10 UTC

Mercosur finally agrees on joint trade proposal to exchange with the EU

 The family picture in Caracas next to the statue of Bolivar

Mercosur members finally agreed this week on a draft joint proposal to be presented to the European Union with the purpose of negotiating a long delayed trade and cooperation agreement with EU, according to Uruguayan diplomatic sources.

Thursday, July 31st 2014 - 07:39 UTC

Mercosur divided on the Gaza Strip statement; Paraguay dissented

“Paraguay favors dialogue and rejects all forms of violence”, said Foreign minister Eladio Loizaga

Paraguay strongly objected a draft Mercosur declaration on Gaza which wanted to openly support Palestine and unilaterally condemn Israel's bombings and incursions, according to sources at the group's summit which took place Tuesday in Caracas.

Wednesday, July 30th 2014 - 07:10 UTC

Cristina Fernandez thanks Mercosur support and again attacked Judge Griesa

The official 'family' picture of Mercosur leaders. Argentina now holds the rotating six-month chair

President Cristina Fernández addressed fellow heads of state at the Mercosur summit in Caracas, where she thanked members of the bloc for their support over the ongoing fight with holdout investors in the New York courts and underlined that Argentina “has paid debt obligations religiously”.

Monday, July 28th 2014 - 08:09 UTC

Strong speech from Cristina Fernandez expected at Mercosur summit in Caracas

The Mercosur summit takes place on Tuesday and as of Wednesday Argentina might be declared in technical default

Argentine President Cristina Fernandez will attend this Tuesday the leaders' summit of Mercosur in Caracas, Venezuela. The president will travel to Caracas in order to participate in a congress originally scheduled for December 17, but which suffered several postponements.

Monday, July 28th 2014 - 07:04 UTC

Uruguay, Paraguay and Bolivia private sectors unite to combat Mercosur protectionist policies

Paraguay's Eduardo Felippo says Urupabol will help boost growth and sound development

The private sectors from Paraguay, Uruguay and Bolivia agreed to form a business lobby, Urupabol, with the purpose of actively combating protectionist policies and other obstacles implemented inside Mercosur, mainly by senior members Argentina and Brazil.

Saturday, July 26th 2014 - 07:05 UTC

Mercosur to consider forming an 'economic forum' with ALBA and Petrocaribe

President Maduro, and leader of ALBA and Petrocaribe will be hosting the summit in Caracas

Uruguay's president Jose Mujica will be attending the next Mercosur presidential summit scheduled for Tuesday, 29 July in Caracas, when the creation of an economic forum Mercosur/ALBA/PetroCaribe will for consideration as part of the agenda.

Friday, July 25th 2014 - 06:22 UTC

Brazil wants to speed Mercosur/Pacific Alliance free trade understanding

Ferreira Simoes said the issue would be discussed at the coming Mercosur summit in Caracas

Brazil will propose next Tuesday, in Caracas, during the Mercosur summit that the group and the Pacific Alliance reach an agreement on free trade by the end of the year, according to official sources from Itamaraty.

Friday, July 25th 2014 - 06:09 UTC

Mercosur is 'not working' because of protectionism and lack of arbitration

Mujica said the block is stalled and blamed different 'visions' of how Mercosur should work

Mercosur is “not working” and is “stalled” admitted Uruguayan president Jose Mujica and blamed the situation on different visions of the block's functioning, according to an interview with Folha de Sao Paulo.

Tuesday, July 22nd 2014 - 09:05 UTC

Mercosur was not created to become a fortress of 'hyper-protectionism'

Sanguinetti said that Mercosur can't be locked by tariffs for Brazilian manufacturing or Argentina's ports' hegemonic policies

Former Uruguayan president Julio Maria Sanguinetti and founder of the Montevideo Circle Foundation said Mercosur was not created to become a fortress of hyper protectionism but rather to promote competition and integration with flexibility. Sanguinetti participated in a round of conferences of the Montevideo Circle Foundation in Paraguay.

Tuesday, July 22nd 2014 - 09:00 UTC

Mercosur has 'yet to crystallize' but 'I remain positive' says Cardoso

The former Brazilian president claims points to the common external tariff as the main obstacle

Former Brazilian president Fernando Henrique Cardoso said that Mercosur has 'yet to crystallize as a customs union' and pointed to the common external tariff which is the founding stone but is “full of objections” as the main hurdle. Nevertheless “I remain positive about the strength of Mercosur”.

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