Mercosur

Mercosur
Wednesday, August 24th 2016 - 06:06 UTC

A Mercosur/EU trade agreement will not include UK, warns European Parliament president

“If the EU and Mercosur reach an integral agreement, UK will not be part of the accord. This is a great disappointment, particularly for the UK”, said Shulz

The president of the European Parliament Martin Schulz said in Buenos Aires that if finally a trade and cooperation agreement is reached between the European Union and Mercosur the United Kingdom will not benefit as a consequence of Brexit.

Tuesday, August 23rd 2016 - 07:08 UTC

Coordinators meeting in Montevideo will find “a definitive solution” to Mercosur acephaly

The four founding countries of Mercosur must concentrate in the implementation of “a temporary administration” of the presidency, anticipated Loizaga

Paraguay's foreign minister Eladio Loizaga anticipated that the Mercosur coordinators meeting scheduled to take place this Tuesday in Montevideo, will be “definitive” since a proposal to solve the current “acephaly” of the block's presidency which was self proclaimed by Venezuela and questioned by other members, “will emerge”.

Friday, August 19th 2016 - 10:11 UTC

Argentina points to Uruguay for causing a “vacuum” in Mercosur and the current situation

 “Uruguay's unilateral decision to end its Mercosur pro tempore presidency has created a limbo, a vacuum” said minister Susana Malcorra

Argentina considers that Uruguay created a “vacuum” in Mercosur when it unilaterally adopted the decision to devolve the block's presidency, and creating an unprecedented situation. Since then Mercosur has been involved in a serious controversy over the transfer of the presidency to Venezuela, which has strongly discredited the South American block.

Thursday, August 18th 2016 - 06:13 UTC

Uruguay back steps on its claims regarding Brazil and the Mercosur presidency controversy

Nin Novoa said Brazil tried to gain Uruguay's support in the Mercosur presidency controversy by offering to join a trade delegation to Africa and Iran

Uruguay back stepped on its statements referred to Brazil's “bullying with the Mercosur presidency” and admits there was a misunderstanding regarding Brazil's invitation for a joint trade promotion in third countries, according to an official clarification Wednesday release from the Uruguayan foreign ministry.

Thursday, August 18th 2016 - 06:04 UTC

Macri after full integration of Mercosur with the Pacific Alliance

“First, we have to boost Mercosur,” Macri told Nikkei, suggesting he was ready to take the lead in breaking down tariffs and other barriers to trade within the bloc.

Latin America needs greater economic integration and a merger of Mercosur and the Pacific Alliance should be the objective, according to Argentine president Mauricio Macri, who insists in loosening trade restrictions in his country and the region.

Thursday, August 18th 2016 - 03:28 UTC

Nin Novoa's statements are “not compatible with the excellent relations between Brazil and Uruguay”

Nin Novoa during an informative meeting in Parliament stated Brazil had tried “to buy” Uruguay's support and Serra insisted in “bullying the Mercosur presidency”

The Brazilian government said it was deeply disappointed and surprised at statements from Uruguay's foreign minister, which “are not compatible with the excelence of relations between Brazil and Uruguay”, according to an official release from Itamaraty, Brazil's foreign ministry, regarding the controversy over the Mercosur presidency.

Wednesday, August 17th 2016 - 04:56 UTC

Uruguay ambassador summoned to Itamaraty after minister accuses Brazil of “bullying Mercosur presidency”

Serra “came with the intention of blocking the handover [of the presidency] and if that happened they would take us along in trade negotiations” revealed Nin Novoa

Brazil summoned Uruguay's ambassador on Tuesday after the neighboring country's foreign minister Rodolfo Nin Novoa accused Brazil of trying to “buy” its vote to block Venezuela from taking the rotating presidency of the Mercosur trade bloc.

Tuesday, August 16th 2016 - 07:17 UTC

Mercosur on collision course: Uruguay rejects collective presidency sponsored by Brazil

The collective presidency proposal has been sponsored by Paraguay and Brazil for several weeks, particularly Brazil's Foreign Minister Jose Serra.

Uruguay's Foreign Minister Rodolfo Nin Novoa said on Monday that he was opposed to the proposal that the Mercosur presidency should be held collectively, as a number of countries are opposed to Venezuela taking over the role. The proposal has been sponsored by Paraguay and Brazil for several weeks, particularly Brazil's Foreign Minister Jose Serra.

Monday, August 15th 2016 - 12:21 UTC

Mercosur Montevideo 23 August meeting to decide sanctions on Venezuela

Paraguay's deputy minister Gauto has said Venezuela has not complied with 200 rules, regulations and protocols it should have completed on 12 August deadline

The coordinators of Mercosur founding members will decide next 23 August at a meeting in Montevideo on the legal measures to be applied on Venezuela, which self proclaimed itself the presidency of the group and is also questioned for not complying with the rules and regulations to be incorporated to the group. In that case Venezuela could lose its full member status.

Monday, August 15th 2016 - 07:09 UTC

Mercosur-India talks expected to expand preferential trade agreement

“We are largely interested in exporting processed foods and electronics to Mercosur”, said Sachin Chaturvedi, head at the Ministry of External Affairs

India has begun the process of expanding its preferential trade agreement with the Mercosur trade bloc, opening its market more to South America and negotiations are expected to start in a month or two. The number of products on which tariff concessions is given is likely to increase to more than 3,000 from 450 at present with more agricultural products getting covered in the pact.

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