Mercosur expects to sign a framework accord this year for a trade deal with the European Union as the U.S. shift to isolationism under President Donald Trump encourages it to look outside the hemisphere for opportunities, Brazil's foreign minister Aloysio Nunes said on Tuesday.
Brazil's president has picked as his new foreign minister a man who has sharply criticized U.S. President Donald Trump. President Michel Temer named Sen. Aloysio Nunes to the post Thursday to replace Jose Serra. Serra resigned last week for medical reasons. The appointment doesn't require congressional approval. Both Nunes and Serra belong to the center PSDB party, senior member of the ruling coalition.
At least six Royal Air Force flights linking UK with Falklands' MPA, during 2016, called at Brazilian airports, claimed the Argentine foreign ministry Malvinas Desk based on information supplied by the country's Air Traffic Control office.
When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank US$ 2 million into a new factory not in its native Brazil - the region's largest economy - but in its tiny southern neighbor Paraguay. The plant, which opened this month in the border town of Hernandarias, stands near a 4,500-hectare industrial park filled with Brazilian companies making everything from auto parts to clothing.
The first round of formal trade negotiations between Mercosur and EFTA, European Free Trade Association, is scheduled to take place in Buenos Aires next June according to information from Brussels where there was a preliminary encounter between the two sides. It will be in June, and talks will be at chief negotiators level, confirmed EFTA and Mercosur sources.
Mercosur officially begins this Friday trade negotiations with the European Free Trade Association, EFTA, which brings together those countries that do not belong to the European Union, EU, that is Switzerland, Norway, Iceland and Liechtenstein, and that in a couple of years could see the UK, negotiating Brexit, joining.
Mercosur representatives will be meeting their European Union counterparts this week, beginning Monday, in Brussels in anticipation of another round of trade and cooperation discussions scheduled for March in Buenos Aires. Mercosur members, under the coordination of Argentina, which currently holds the group's chair are attending with a common position reached after several days of videoconferences.
Mercosur foreign ministers will be meeting next March 9 in Buenos Aires in the framework of Argentina's pro tempore chair and following on the Argentine/Brazilian presidents recent meeting when it was decided to give the group a new thrust taking advantage of the new world scenario.
Uruguay's budget deficit reached 4% of GDP during 2016, equivalent to US$ 2.043bn, the worst performance since 1989, according to the latest figures released by the government's stats office, INE. The previous year, 2015 ended with a budget deficit of 3.6% of GDP, which also set a record only comparable to 2002 (3.7%), when Uruguay underwent one of its most challenging financial meltdowns in decades.
The leaders of Brazil and Argentina said on Tuesday they would pursue closer ties with Mexico and other Latin American nations alarmed by U.S. President Donald Trump's promises to tear apart trade deals and build a wall in the Mexican border to protect American jobs.