Mercosur

Mercosur
Saturday, July 30th 2016 - 04:22 UTC

Mercosur controversy: Brazil does not oppose Venezuela, but Caracas must first comply with agreed set of rules

“Venezuela must first complete the process of adapting to Mercosur, before it is considered a full member of the block” pointed out president Temer.

Brazilian interim president Michel Temer laid out the steps Venezuela must comply with before it is confirmed as full member of Mercosur, and following on that can effectively become chair of the group. Temer's Friday statement makes clear Brazil's position in the ongoing controversy regarding Venezuela's aspiration to succeed Uruguay in the rotating chair.

Thursday, July 28th 2016 - 11:23 UTC

Uruguay will transfer Mercosur chair to Venezuela, despite objections from Brazil and Paraguay

Tabare Vazquez had instructed foreign minister Rodolfo Nin Novoa to comply with the alphabetical order Mercosur presidency transfer as originally planned.

Despite objections from Brazil and Paraguay, Uruguay next Saturday 30 July will transfer to Venezuela the rotating chair of Mercosur for the second half of the year, as indicated in the “group's rules and regulations”.

Monday, July 25th 2016 - 11:20 UTC

Paraguay and Brazil reiterate “Venezuela is a non full member of Mercosur”

“Paraguay is still awaiting a reply from the presentation made for the Mercosur meeting with respect of Venezuela and the Ushuaia Protocol”, said Eladio Loizaga.

Paraguay announced officially that it will not be attending the Common Market Council of Mercosur in Montevideo next 30 July, if the agenda includes the transfer of the group's presidency to Venezuela.

Thursday, July 21st 2016 - 07:29 UTC

Brazil leaves rate unchanged at 14.25%; stubborn inflation despite recession

The bank's new governor Ilan Goldfajn, who took office in June, warned of lingering risks to reaching that goal, including the persistently high inflation

Brazil's central bank, with its recently appointed president, kept interest rates on hold for the eighth consecutive meeting on Wednesday as expected, despite a deep recession, as the new board cited concern about stubbornly high inflation and uncertainty surrounding economic reforms.

Wednesday, July 20th 2016 - 06:54 UTC

Half of Brazilians prefer Temer to remain as president until the 2018 election

Despite half of Brazilians wanting Temer to continue as president instead of having Rousseff return, the interim president's approval rating is only 31%.

Half of Brazilians would like to see interim President Michel Temer stay in the job until the next election in 2018, compared with 32% who desire the return of suspended President Dilma Rousseff, according to a Datafolha poll published this weekend on the Folha de S.Paulo website.

Wednesday, July 20th 2016 - 06:35 UTC

Rousseff's great mistake was to allow Venezuela into Mercosur, says Brazilian minister

Serra described the policies of ex president Lula and suspended Rousseff as “populist”, distanced from the real international interests of Brazil.

Brazil committed a great mistake on supporting Venezuela to the Mercosur trade agreement back in 2012, and the country must be impeded from taking over the pro-tempore presidency of the group until it complies with all the requisites to be a full member, said Brazil's foreign minister Jose Serra.

Wednesday, July 20th 2016 - 05:25 UTC

Falklands must be involved in a tripartite dialogue, if Argentina's new policy is to be positive

“If you are willing to integrate the point of view of Falklanders, if they are part of any discussions relative to their lives and future, then this is positive”, said Picardo.

Argentina's collaboration strategy towards the UK and the Falkland Islands, if it means integrating the Islanders in any discussions relative to their lives and future, which is only of their concern, “this is positive”, according to Gibraltar Chief Minister Fabian Picardo, interviewed by Argentina's official news agency Telam.

Tuesday, July 19th 2016 - 06:44 UTC

Argentine Jewish community demand investigation of the “local connection” in the 1994 AMIA terrorist attack

Macri accompanied by Cabinet chief Marcos Peña and other government ministers placed a floral tribute at the memorial and at 9:53 a.m. a siren sounded

Argentine President Mauricio Macri, together with members of the government and civil organizations attended on Monday in Buenos Aires the main ceremony commemorating the attack on the headquarters of the AMIA Jewish community organization in 1994, a crime that so far has gone unpunished.

Tuesday, July 19th 2016 - 06:40 UTC

Uruguay could compete for another pulp mill, if it develops logistics infrastructure

Another state-of-art pulp mill in Uruguay is possible if the logistics infrastructure is rebuilt to support large scale export-oriented businesses, said Jaakko Sarantola

Finland´s UPM pulp conglomerate which already has a plant in Uruguay announced it will commence discussions with the Uruguayan government on the development of logistics infrastructure for a possible mounting of another mill. Discussions will include railroad and roads, which currently are a critical challenge to establish large scale industrial operation in the Uruguayan inland and to connect it to a deep sea port.

Friday, July 15th 2016 - 06:35 UTC

Oil company pledges US$ 1.4bn in investments in Argentine Patagonia

PAE has pledged to invest US$ 900 million in Chubut US$ 300 million in Neuquen and US$ 70 million in Tierra del Fuego

Pan American Energy PAE, announced on Thursday investments of 1.4bn dollars in exploration and exploitation of conventional and non conventional hydrocarbons in the Argentine Patagonia provinces of Neuquen, Chubut and Tierra del Fuego.

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