Mercosur

Mercosur
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.

Friday, March 7th 2014 - 05:02 UTC

OAS leader compares the 'dynamic imbalance' in trade talks EU/US and EU with Mercosur

EU/Mercosur trade talks that have been going for seventeen years, said Insulza

The dynamic imbalance in trade negotiations is clearly evident in the case of trade negotiations of Canada and the US with the European Union, and what happens with EU/Mercosur trade talks that have been going for seventeen years, with no clear results yet, according to OAS Secretary General Miguel Insulza.

Saturday, March 1st 2014 - 05:12 UTC

Uruguay approves IMF test, but inflation and the neighbors could bring surprises

IMF Deputy managing director Naoyuki Shinohara visited Montevideo

The International Monetary Fund lowered its forecast for economic growth in Uruguay this year to 3% from its previous estimate of 3.3%, the IMF's deputy managing director said on Friday in Montevideo. Naoyuki Shinohara told reporters that the revision is due to lower growth expected in Uruguay's neighbors Argentina and Brazil and lower prices for commodities and Uruguayan exports.

Saturday, March 1st 2014 - 02:38 UTC

Israel PM expected in Buenos Aires for anniversary of embassy bombing

Frustration with Iran has led to closer relations with Israel including Netanyahu's visit

The Argentine government has suspended dialogue with Iran, heralding a shift in policy that coincides with improved relations with Israel that includes a visit this month by Prime Minister Benjamin Netanyahu.

Saturday, March 1st 2014 - 02:32 UTC

Cry for Me, Argentina

The former Colonel Juan Domingo Perón and his wife Evita Perón who's legacy still dominates Argentine politics.

Veteran New York Times reporter and columnist, Roger Cohen, who on several occasions has visited Argentina recently called at Ushuaia. He wrote the following piece, which is not very enthusiastic about the current situation or the heavy burden of populist history in one of the richest countries of the world.

Saturday, March 1st 2014 - 02:29 UTC

Core-hole confirms conventional oil reservoir potential in north Uruguay

Petrel Energy Managing Director, David Casey said the exceptional permeability measurements have been surprising

Australia's Petrel Energy has confirmed the conventional oil reservoir potential of the San Gregorio and Cerrezuelo sandstones in Uruguay following detailed analysis of the Cardozo Chico core-hole samples. Petrel said that laboratory testing undertaken by Weatherford in Houston returned excellent permeability and porosity measurements.

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