The European Union now hopes to conclude a trade deal with the Mercosur bloc by February next year. EU agriculture chief Phil Hogan admitted that there were still 15 “open issues”, following a “difficult” meeting with the Mercosur countries in Buenos Aires last week.
Officials in Venezuela took the first step on Saturday toward expelling top diplomats from Brazil and Canada who have been accused of meddling in the country’s politics. National constituent assembly president Delcy Rodriguez declared both Brazil’s ambassador and Canada’s charge d’affaires as persona non grata, a move which does away with their diplomatic credentials.
Chilean Foreign Affairs Minister Heraldo Munoz called for closer ties between Latin America's two leading trade blocs. Mercosur and the Pacific Alliance should work more closely together, Munoz told the 51st Mercosur and associate members summit held this week in Brasilia.
Argentine president Mauricio Macri in Brasilia expressed full solidarity with the Venezuelan people, called for human rights respect and freedom for the political prisoners held by the regime of president Nicolas Maduro.
Mercosur is the most isolated and protectionist block in the world, said Argentine president Mauricio Macri on Thursday during a meeting with Argentine media, in Brasilia, in the framework of the current presidential summit during which the six-month rotating chair of the group will passed from Brazil to Paraguay.
A resolution backed overwhelmingly by the United Nations has effectively called on the US to withdraw its recognition of Jerusalem as the capital of Israel. The vote in support of the resolution was 128, nine against and 35 abstentions. The South American Mercosur block, currently holding a summit in Brasilia, voted divided, while Brazil and Uruguay supported the resolution, Argentina and Paraguay abstained.
Egypt is attending the ministerial meeting of the Mercosur bloc in Brasilia to deliver a message about the importance of joining the group, Minister of Industry and Foreign Trade Tarek Kabil said in a statement.
The European Union's offer on beef in Mercosur trade negotiations has not been revised according to the EU Agriculture Commissioner Phil Hogan, who said a deal may happen in February. Speaking to journalists in Brussels on Wednesday, EU Agriculture Commissioner Phil Hogan said that the EU's offer on beef access for Mercosur countries has not been revised since December 5.
The transfer of ownership of Mercosul Line from Maersk Line to CMA CGM. (Maritime Freighting Company-General Maritime Company), was completed on Friday. Mercosul is a leading player in Brazil's domestic container shipping market, with a fleet of four container vessels and around 290 people employed.
Brazilian beef exporters expect shipments to grow 10% in 2018 after rising an estimated 9% this year despite corruption and food safety scandals that temporarily closed off major markets. Trade group Abiec on Thursday said Brazil, the world’s largest beef exporter, would likely sell 1.68 million tons of beef abroad next year, up from 1.53 million tons in 2017. Revenue is expected to rise about 11% to US$6.9 billion in 2018, after a 13% rise this year to US$6.2 billion.