Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.
The Falklands Business Climate Survey strongly suggests that 2014 and 2015 were two very good years for the Islands economy and its business community, which translated in profits and higher levels of turnover, particularly 2015. However survey respondents predictions for this year and onwards aren't as rosy with many businesses anticipating lower turnover and investments, but not necessarily profits, while the overall average rating for the Islands' economy weighed between “average” and “good”.
With just a month to go until Uruguay's main agro show, Expo Prado, the British Embassy in Montevideo announces that for the third consecutive year it will be present with a Great Pavilion focused on business, education, culture, tourism, gastronomy and entertainment. British brands such as JCB Machinery, Polo Club clothing, FCR-DAS who specialise in quality management certification, fire extinguishers from Noblex, Brompton and other bicycles courtesy of Muvin will all be taking part.
Paraguay, Argentina and Brazil are considering the “demotion” of Venezuela's Mercosur full membership unless by next August 12 it complies with all conditions to hold such a position, according to the Brazilian media following a meeting of the three presidents in the sidelines of the opening of the Rio Olympic Games.
Venezuela announced it will not allow Argentina, Brazil and Paraguay, “the triple alliance” to storm the Mercosur pro tempore presidency, which the government of president Nicolas Maduro is fully exercising. Caracas also claimed that economic forces operating in the dark are interested in a Mercosur “implosion”.
The Evening Standard has published a brief summary of the book, “Power and Pragmatism”, which collects the memoirs of former foreign secretary Malcolm Rifkind, and there are some interesting passages referred to talks with Argentine officials about the future of the Falkland Islands.
Mercosur founding members coordinators who met in Montevideo on Thursday to address the controversy over the presidency of the group and the self proclamation to the post by Venezuela, did finally reach some conclusions, but the most significant seems to be that they continue to disagree on the steps to follow and are prepared for another round of talks.
Venezuela has defiantly confirmed that is will fully exercise the self-proclaimed presidency of Mercosur, despite the opposition from Argentina, Brazil and Paraguay, who consider the chair vacant and are meeting in Montevideo to find an alternative for the six month mandate.
Mercosur's disarray and fault lines were again exposed when Brazil, Argentina and Paraguay insisted that Venezuela's self proclamation as president of the group was invalid, and also expressed disappointment with Uruguay for having ended its mandate last Saturday causing great uncertainty.
Venezuela rejected Argentina's call for an urgent Mercosur meeting and underlined it is exercising the group's pro tempore presidency legally accusing Brazil, Argentina and Paraguay of being part of a Triple Alliance which is re-editing a sort of Plan Condor against Venezuela to harass and criminalize its model of development and democracy.