Mercosur

Mercosur
Friday, August 15th 2014 - 02:24 UTC

YPF announces new shale oil find in Neuquen-Mendoza area

”It's the third time we've discovered oil at a non-conventional (shale) well,” said Galuccio

Argentine state-controlled energy company YPF on Thursday announced a shale oil find in the southwestern province of Neuquen in Patagonia. The discovery was made at the Agrio formation, according to CEO Miguel Galuccio, who said at a press conference that production operations will be carried from the neighboring province of Mendoza.

Friday, August 15th 2014 - 02:21 UTC

Last minute decision saved Marina Silva from travelling with Campos

Marina's conservationist advocacy has earned the wrath of Brazil’s agribusiness, but she also appeals to conservative voters with her defense of family values

Environmental activist and politician Marina Silva could have been on the plane that crashed on Wednesday and killed presidential candidate Eduardo Campos and six other occupants.

Friday, August 15th 2014 - 02:15 UTC

Unasur Montevideo summit planned for next week, suspended until October

At the summit Surinam will hand over the pro tempore presidency to Uruguay and Ernesto Samper is to be confirmed as next Secretary General

A planned presidential summit between the heads of state of the Union of South American Nations (Unasur) has been suspended due to scheduling conflicts amongst member countries, according to the Uruguayan Foreign Ministry.

Wednesday, August 13th 2014 - 07:09 UTC

Brazil admits EU/Mercosur deal stalled because of European concerns about agriculture

“They are reluctant to open their markets for our agriculture, and we also have our own concerns about jeopardizing our industry”, said ambassador Mesquita

Brazil's agricultural competitiveness is a concern to countries and trade blocks negotiating agreements with Brazil, according to ambassador Paulo Estivallet de Mesquita, head of the Economics Department of the country's Ministry of Foreign Relations (MRE).

Tuesday, August 12th 2014 - 06:36 UTC

Uruguay wants Unasur to reach a consensus position of Gaza Strip conflict

Mujica described the situation as 'genocide' as was called 'ignorant' and 'imbecile' by the leading media in Montevideo

Uruguay will ask fellow members at the Unasur summit to be held in Montevideo later in the month to discuss the Gaza Strip situation, said Foreign minister Luis Almagro who next week will be meeting a delegation from the Palestine Authority. Almagro and president Jose Mujica have been questioned for using the words 'genocide' and 'massacre' to describe the Israeli offensive in Gaza.

Friday, August 8th 2014 - 07:59 UTC

Brazil insists in trade agreements and closer ties with Pacific Alliance, despite Mercosur

“Brazil's trade strategy targets productive integration with Latin America and multilateral agreements with EU US and China” says minister Borges

Brazil confirmed that it will try to bring forward to 2016 the free trade agreement with Chile, Peru and Colombia, scheduled for 2019 and underlined the need for Mercosur and the Pacific Alliance to converge as part of the region's productive integration process.

Thursday, August 7th 2014 - 08:10 UTC

Rousseff claims EU has yet to agree on a proposal to exchange with Mercosur

“Stop blaming us because we are ready, we have our proposal ready”, Rousseff told the lobby of Brazilian farmers

President Dilma Rousseff claimed before the Brazil's farmers lobby that the trade agreement between Mercosur and the European Union is stalled and is not fulfilled because of the 'resistance' from several European countries, and specifically named France, Hungary and Ireland.

Thursday, August 7th 2014 - 06:32 UTC

Mercosur trade deal is a priority for the EU under Italian presidency

Ms Mogherini said it was essential for Europe to have closer trade and political links with other regions of the world.

Foreign minister Federica Mogherini pledged that under the current Italian presidency of the European Union, top priority will be given to signing the pending trade agreements, among which that with Mercosur still under discussion.

Wednesday, August 6th 2014 - 21:21 UTC

Latam food prices at slow growth rate for third month running, says FAO

The lower rate of food inflation in the region in June largely responds to the change in inflation in Brazil and Mexico

FAO’s Monthly Food Price Report notes that food prices in Latin America and the Caribbean reduced their growth rate for the third consecutive month. Regional food inflation increased only 0.5% in June, down from 1% in May and 1.2% in April, which is particularly relevant for the poorest, who spend a larger proportion of their income on food.

Monday, August 4th 2014 - 07:41 UTC

Trying to gauge the impact of Argentina's situation in Mercosur partners

Hotels and other tourist attractions in Punta del Este are bracing for a slow summer season after Argentina’s refusal to pay holdout bondholders.

Argentina’s debt problems threatens to worsen trade tensions in Mercosur, adding to the economic woes of Brazil in a tense election year and causing headaches in Uruguay as the Argentine economy looks likely to plunge deeper into recession.

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