The World Bank estimates the Argentine economy this year will expand 5% and to sustain that rate of growth will need new investments and consequently increase public utility rates and further advance in pending structural reforms.
U.S. President George W. Bush signed free trade agreements with Chile and Singapore Wednesday, saying that they would contribute to the economic growth of the three countries.
Brazil's president, a former Marxist firebrand-turned-pragmatist, is allying himself with his country's biggest party, one to the right of center, promising it a share of government power and a united front in next year's local elections.
Brazil fears that the coming World Trade Organization meeting scheduled for next week in Mexico could end as happened with the 1999 Seattle summit, as one of the worst trade round failures ever, according to Ambassador Colodoaldo Hugueney.
The European Union and Mercosur will continue negotiations leading to an association agreement including free trade, immediately after the World Trade Organization meeting scheduled for next week in Cancún, Mexico according to a spokesperson from the European Commission.
Differences regarding budget surplus, utility rates and compensations for banks losses as a result of the 2002 devaluation of the currency are frustrating negotiations for a long term agreement between Argentina and the International Monetary Fund, IMF.
Argentine retired Gen. Ramon Diaz Bessone acknowledged on a French television show that will be broadcast on Monday, that thousands of people were tortured and executed clandestinely during the 1976-1983 military dictatorship.
The Argentine Navy sail training frigate last week ARA Libertad paid an informal visit to Portsmouth, Britain, and is now expected in Zeebrugge, Belgium.
Argentina and Chile on Friday agreed to jointly study climatic changes here in the southern tip of South America and urged the developed countries to reduce their emissions of pollutants and greenhouse gases.
The Brazilian economy has technically fallen into recession alter two consecutive quarters of negative growth according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.