Mercosur

Mercosur
Saturday, July 19th 2014 - 07:26 UTC

Barroso calls on EU and Mercosur to conclude the free trade agreement

Portugal born Barroso who in August steps down, met with Dilma Rousseff

The president of the European Commission (EC), Jose Manuel Durao Barroso, called on Friday for concluding negotiations and finalizing a free trade agreement between the European Union and Mercosur, which includes Brazil, Argentina, Paraguay, Uruguay and Venezuela.

Friday, July 11th 2014 - 01:45 UTC

Mercosur summit on 29 July in Caracas, according to Venezuela and Paraguay

 Ministers Loizaga and Jaua confirmed all is ready for the summit when the rotating chair will pass on to Argentina

The much delayed Mercosur summit will finally take place at the end of the month in Caracas, according to sources from Paraguay and Venezuela. During the last OAS meeting, Venezuelan Foreign minister Elias Jaua confirmed to his Paraguay peer Eladio Loizaga that the date is 29 July and that the consultation process has been completed.

Tuesday, July 1st 2014 - 10:16 UTC

Mercosur waking up to the significance and impact of the Pacific Alliance

Uruguay's Vice-president Astori has been most vocal: ”Mercosur mustn’t be a terminal station”; we need trade deals with the Pacific Alliance

Mercosur leaders called for dialogue with the Pacific Alliance over its perception that Mercosur is becoming an obstacle to integration and wider growth in the region. Uruguayan Vice-President Danilo Astori seemingly sparked the debate a few weeks ago when he said that “Mercosur mustn’t be a terminal station,” calling for formal trade deals with the Pacific Alliance.

Monday, June 30th 2014 - 06:44 UTC

Uruguay ratifies Bolivia's Mercosur incorporation; consolidates Atlantic/Pacific corridor

The Mercosur administrative headquarters building in Montevideo

Uruguay promulgated the bill which incorporates Bolivia as the latest member of Mercosur, the South American group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela. The incorporation of Bolivia should help with the consolidation of a Mercosur Atlantic-Pacific corridor across South America.

Friday, June 27th 2014 - 07:30 UTC

Argentina praises international support and confirms payment to Paris Club

“Argentina has reason on its side” said the cabinet chief

Cabinet Chief Jorge Capitanich praised the “clear, categorical and broad” support for Argentina’s stance in its dispute with speculative funds' holdouts from 133 countries from the UN system and specialized international media, and also confirmed that next month it will make the first payment of the agreement reached with the Paris Club.

Monday, June 23rd 2014 - 04:39 UTC

Mercosur and Celac stand by Argentina in the hedge funds litigation

Mercosur heads of state expressed their ”most absolute rejection to the attitude of the holdouts

Mercosur and Celac country-members expressed support for Argentina and its ongoing litigation with the holdout hedge funds, particularly last week's decision from the US Supreme Court, (which refused to consider the case), and the financial consequences emerging from such a position.

Saturday, June 21st 2014 - 09:04 UTC

Brazil disappointed with Argentina's 'lack of ambition' in reaching trade accord with EU

The administration of Cristina Fernandez wants a seven year grace before reducing some tariffs

Argentina and Brazil have again clashed not over football but over trade and Mercosur according to the Sao Paulo media. Brazil believes there is “a lack of ambition from Argentina” to finish polishing the proposal to be exchanged with the European Union for a much delayed cooperation and trade agreement.

Saturday, June 21st 2014 - 08:35 UTC

Bachelet proposes meeting of Mercosur and Pacific Alliance leaders

Bachelet addressing at the Alliance summit

Chilean President Michelle Bachelet on Friday proposed a September gathering between officials and business leaders from Mercosur and the Pacific Alliance in hopes of creating a tie-up between the two Latin American trade groups.

Monday, June 16th 2014 - 06:58 UTC

Pacific Alliance wants to 'expand influence' through cooperation with other groups

Mexican minister Guajardo says integration with observer countries is possible in specific areas

The Pacific Alliance will try to 'expand its influence' through agreements with other blocks to improve cooperation in different fields while targeting a “wider integration” in the region, said Mexico's Economy minister Ildefonso Guajardo. The Alliance is holding its summit this week in Punta Mita, Mexico when the chair of the group will pass from Colombia on to Mexico.

Monday, June 16th 2014 - 06:46 UTC

Merkel fully committed to reach an EU/Mercosur trade deal

The German Chancellor met on Sunday with President Rousseff in Brasilia

German Chancellor Angela Merkel assured Brazil on Sunday that she will do her utmost to bring to successful end negotiations for a cooperation and free trade deal between the European Union and Mercosur.

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