Wednesday, October 21st 2015 - 06:45 UTC

Mercosur and EU closer to begin negotiations; exchange of proposals will be under reserve

Loizaga said negotiations are always closed, “but we will make them public once proposals are exchanged and talks begin”

Once Mercosur and the European Union conclude their exchange of goods and tariff reduction proposals for the long awaited trade agreement, contents of the deal will be kept in reserve while negotiations are ongoing, with no access to media or public opinion, anticipated Paraguayan foreign minister Eladio Loizaga.

Friday, October 16th 2015 - 07:53 UTC

Argentine Parlasur members will have immunity limited to their opinions

The Electoral court ruled that only elected federal members from the Lower House and Senate have immunity from imprisonment

Argentine elected members to the Mercosur parliament, Parlasur will not have immunity from imprisonment, according to a ruling from the country's Electoral Chamber. This means those Argentine candidates elected to the regional parliament on 25 October will only have immunity for their opinions while exercising their posts.

Monday, October 12th 2015 - 06:22 UTC

Scioli leads presidential race in Argentina but still a puff short to avoid runoff

Scioli has support from 37.1% of those who have decided how they are going to vote, according to the Poliarquia poll published in the daily La Nacion.

Argentine ruling party's candidate Daniel Scioli maintains a commanding lead in the presidential race but still lacks enough voter support to win outright in the first round, an opinion poll by the Poliarquia consultancy showed on Sunday.

Monday, October 12th 2015 - 06:19 UTC

“Under no condition, I might resign” says Brazil's Lower House speaker

”Under no condition. There's not the smallest chance that I might resign, that I would request approval (to do so) or anything similar,” Eduardo Cunha said

The speaker of Brazil's lower house of Congress ruled out resigning in response to pressure from colleagues over allegations that he took bribes and stashed the money in Swiss bank accounts.

Monday, October 12th 2015 - 06:16 UTC

Petrobras corruption scandal could reach US$ 5.3bn: “we've only seen the tip of the iceberg”

Lead prosecutor Deltan Dallagnol said that losses to Petrobras itself amounted to some 6.2 billion Reais, but that “this is only the tip of the iceberg.”

Damage from the gargantuan corruption scandal centered on Brazilian state oil company Petrobras could amount to as much as 20 billion Reais ($5.3 billion), a lead prosecutor revealed last week.

Monday, October 12th 2015 - 06:14 UTC

Levy confident congress will finally approve austerity measures to help Brazil's economy

“I have no plans of leaving the government. We still have a long agenda to fulfill that includes structural reforms”, said Finance minister Joaquim Levy

The president Dilma Rousseff administration is geared to “preparing the country to deal with a new international reality”, Brazilian Finance Minister Joaquim Levy told Reuters in an interview on Saturday.

Monday, October 12th 2015 - 06:11 UTC

Guyana now faced with refloated territorial claims from Suriname

“We feel that this claim is spurious and we have taken measures in the past to protect our territorial integrity and we will continue to do so,” Granger said.

Less than a week after returning from the United Nations, where he raised concerns about Guyana’s border dispute with Venezuela, President David Granger was confronted with a similar issue involving Suriname.

Friday, October 2nd 2015 - 05:58 UTC

Mercosur and EU analyze 'level of ambition' of their trade proposals

The two-day talks are scheduled to end on Friday and on the EU side are headed by Rupert Schlegelmilch, who is a Director of the EU Trade Department

Technical delegates from Mercosur and the European Union are holding a round of talks in Asunción to consider 'levels of ambition' for the coming exchange of tariff proposals with the purpose of reaching a much delayed free trade agreement, said Paraguayan Deputy Economic Relations minister, Rigoberto Gauto.

Friday, September 25th 2015 - 07:26 UTC

Argentina remains 'reluctant' and has 'reserves' about a trade accord Mercosur/ Europe

Argentina was 'very defensive' during the talks and foreign minister Hector Timerman abandoned the ministry by a side door

Mercosur foreign ministers meeting held this week in Paraguay to decide on the proposal to present the European Union for a trade agreement, apparently was not as “satisfactory” as announced because of Argentina's reluctance and 'reserves' about opening its market to the EU.

Friday, August 28th 2015 - 07:22 UTC

Brazil/EU summit next year following exchange of proposals with Mercosur

Brazil and the EU agreed it would be better that the bilateral summit be held after the exchange of proposals, said EU representative Joao Gomes Cravinho.

Brazil and the European Union agreed to hold their annual summit during the first half of 2016, following the exchange of proposals for a wide ranging and cooperation trade agreement between the EU and Mercosur.


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