Mercosur

Mercosur
Thursday, February 5th 2015 - 03:31 UTC

China to supply Argentina five “Malvinas Class” offshore patrol vessels

A version of China's Shipbuilding Industry Corporation's P18 export corvette is the vessel which somewhat controversially, will be known as the Malvinas class

Argentine president Cristina Fernández de Kirchner is expected to sign agreements with China to increase military co-operation, including construction of new warships for the Argentine Navy, during her current state visit to Beijing, according to media reports and Jane's Defense Weekly.

Thursday, February 5th 2015 - 03:26 UTC

Uruguay with Pope's blessing to try new approach to human rights and disappeared persons issues

The idea is to follow the South African experience based on Peace Nobel Prize Desmond Tutu, with “truth and memory” instead of “truth and justice”

Uruguay will be attempting a new approach to the human rights and disappeared persons issues, a still unfinished legacy from the military dictatorship, (1973/1984) and the decade of armed sedition which preceded the collapse of the country's democracy. The announcement is expected later this month and basically means replacing “truth and justice” for “truth and memory”, following to a certain extent the South African experience.

Sunday, February 1st 2015 - 20:47 UTC

'Mercosur does not exist': Uruguay should try a one to one deal with the Europe

“There is no excuse for not attempting a one-to-one agreement with the EU, because other countries in the continent have followed that path” said Riezler

Mercosur does not exist; Uruguay is losing precious time and should try a one to one trade agreement with the European Union, according to Paul Riezler, president of the Euro-Chamber in Uruguay and of the Uruguay-Germany Commerce and Industry Chamber.

Saturday, January 31st 2015 - 10:44 UTC

Moody's downgrades Petrobras credit rating because of corruption scandal

The rating “reflected concerns about corruption investigations and liquidity pressures that might result from delays in delivering audited financial statements.”

Moody's Investors Service has downgraded the credit rating of Brazil's state-owned oil company Petrobras because of the widening kickback-corruption scandal affecting the country's largest corporation.The credit rating agency announced its decision late Thursday in a statement posted on its website.

Saturday, January 31st 2015 - 09:23 UTC

Falklands/Malvinas: Celac summit, including Commonwealth members, support Argentina's 'legitimate' claims

The two day deliberations were not that harmonious since Niacaragua's Ortega walked out

The Celac summit held in Costa Rica and which brings together all Latin American and Caribbean countries released a declaration expressing full support for Argentina's 'legitimate' rights over the Falklands/Malvinas, recalls that 2015 marks the 50th anniversary of Resolution 2065 (first UN Assembly General resolution on the Falklands dispute) and again call on the goods offices of Ban Ki-moon to help start negotiations on the Argentina/UK dispute.

Monday, January 26th 2015 - 08:34 UTC

Brazil supportive of Mercosur “as long as it does not turn into a burden”

“Mercosur must ensure freedom to its members to negotiate with other parties and must not become a burden” said Agriculture minister Abreu

Brazil is ready to preserve the advances achieved by Mercosur but as long as the block does not turn into 'a burden' when it comes to negotiate trade agreements with third parties, according to Agriculture minister Katia Abreu.

Friday, January 16th 2015 - 06:49 UTC

Bilateral trade between Mercosur main partners dropped 21.2% in 2014

The poor performance of the auto industry had an impact for both countries and their complementation

Bilateral trade between Mercosur two main partners, Brazil and Argentina (first and third largest economies in Latin America) dropped 21.2% last year and with a 139 million dollars deficit for Argentina, according to the Argentine Commerce Chamber, CAC.

Tuesday, December 30th 2014 - 07:44 UTC

Argentine Senate passes China deals, Parlasur elections bills

Chinese President Xi Jinping signed the treaties with CFK in July

Victory Front pushes forward with two projects aimed at reshaping the scenario in view of next year's presidential campaign.

Thursday, December 18th 2014 - 04:45 UTC

Holdout funds, Malvinas: Mercosur presidents back Argentina

Heads of State of Mercosur full and associate member countries expressed full support to Argentina and Venezuela on Wednesday in Parana.

Full support also expressed for Venezuela against sanctions from the administration of United States President Barack Obama.

Thursday, December 18th 2014 - 04:25 UTC

Paraguay's objections prevent Bolivia from full Mercosur membership

President Evo Morales will still have to wait to see Bolivia fully admitted into Mercosur due to objections raised by Paraguay.

CFK says regional integration not a problem for worldwide integration, labels marketplace a euphemism as the decline in oil price conceals geopolitical interests of other countries

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