Mercosur

Mercosur
Monday, March 31st 2014 - 19:28 UTC

Mercosur expects to exchange tariff-reduction proposals with EU next June

Apparently Cristina Fernandez is now willing to talk about trade with the EU

Mercosur expects to present a joint proposal regarding tariff reductions to the European Union during a meeting next June, according to Brazil's Minister of Development, Trade and Industry, Mauro Borges who apparently convinced a reluctant Argentina to join the group.

Friday, March 28th 2014 - 08:21 UTC

Latam divided on UN Crimea vote; Mercosur, except for Venezuela abstains

“Brazil supports all efforts for a peaceful solution to the crisis and invites the sides to an inclusive dialogue”, said ambassador Patriota

The UN resolution condemning the annexation of Crimea by Russia which was voted on Thursday at the general assembly showed Latin America (and Mercosur) divided on the issue. The non binding resolution sponsored by Costa Rica and the western powers received 100 votes, with 11 against and 58 abstentions.

Monday, March 24th 2014 - 06:47 UTC

EU/Mercosur still in the cold but committed to reach an agreement in coming months

Spokesperson Clancy said negotiators exchanged information and tried to clarify several issues

The European Union and Mercosur held last Friday in Brussels the technical meeting, as was scheduled to assess the state of negotiations for a long delayed and ambitious association and trade agreement, but concluded with no calendar for the exchange of tariff reduction proposals, which is central to the discussions.

Saturday, March 22nd 2014 - 07:31 UTC

Mercosur and EU in another effort to advance in the long delayed trade agreement

Argentina has been dragging its feet, but this week in France President Cristina Fernandez made encouraging statements

Mercosur and European Union chief negotiators met on Friday in Brussels to define if conditions are ready for the exchange of tariffs reductions proposals with the purpose of reaching an ambitious trade agreement which was started back in 1999 and has yet to mature.

Friday, March 21st 2014 - 06:05 UTC

Bolivian senate to vote full incorporation to Mercosur in April

The adhesion protocol was sent to Congress by president Evo Morales last September

The Bolivian Senate is expected to vote next month for the full incorporation of the country to Mercosur, thus complying with some of the last steps to join the group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela.

Wednesday, March 19th 2014 - 07:07 UTC

Mercosur has been 'a good deal' for Uruguay, 'it could have been better'

Mujica admitted that all the 'added value' of Uruguayan exports is sold in the region

President Jose Mujica said that Mercosur even with all its problems “has been a good deal” although it “could have been better”, and it is imperative that the group signs trade agreements with Europe and China, which has become the main trade partner of the region.

Tuesday, March 18th 2014 - 22:00 UTC

Chile suggests the Pacific Alliance and Mercosur should consider integration

Minister Muñoz, attempting a delicate balance between two groups that have strong differences

Chile's new foreign minister Heraldo Muñoz ratified his country's membership of the Pacific Alliance, a much questioned group by other regional organizations such as the Venezuelan inspired ALBA and even Mercosur led by Brazil, and suggested that Mercosur and the Pacific Alliance could consider integration. Chile is currently an associate member of Mercosur.

Tuesday, March 18th 2014 - 02:24 UTC

Brazil optimistic that Mercosur has reached a joint proposal for trade talks with the EU

Minister Borges was in Buenos Aires where a top level meeting of officials from the two countries was held

Mercosur will present a joint proposal to the European Union for a wide ranging trade agreement between the two blocks later this month, announced Brazil' Minister of Industry Mauro Borges, following a visit to Buenos Aires where he met with Economy minister Axel Kicillof and Industry minister Debora Giorgi.

Monday, March 10th 2014 - 20:57 UTC

All South American leaders attending Bachelet's inauguration on Tuesday

The daughter of former president Salvador Allende, will take Michelle Bachelet's oath of inauguration

More than 20 countries confirmed that representatives from their governments will attend the inauguration of Chilean president-elect Michelle Bachelet on Tuesday, Chilean Senate leader Jorge Pizarro announced. Leaders from Argentina, Brazil, Costa Rica, Ecuador, Paraguay, Uruguay, Belgium, Mexico, Brazil, Venezuela, Colombia, Haiti, Suriname and El Salvador have confirmed their presence.

Friday, March 7th 2014 - 05:10 UTC

With an eye on Argentina and Venezuela, Brazil private sector wants Mercosur trade in local currencies

Business in reales and pesos and central banks acting as clearing houses

Brazil's private sector concerned with harsh times ahead, particularly with exports to Argentina and Venezuela are proposing that Mercosur trade should be done with local currencies leaving aside the US dollar. The initiative was launched by the president of the Brazil-Argentina Commerce Chamber.

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