A huge orchestra comprising 700 children from seven Latin American countries, plus China and South Korea, played music from the soundtrack of “The Mission” as the Iguazú Falls shared by Argentina and Brazil were officially inaugurated one of the New7Wonders of Nature.
Paraguayan president Fernando Lugo currently visiting India proposed an exchange of food for investment and technology. Lugo was received by President Pratibha Patil and later by Prime Minister Manmohan Singh.
Three former Uruguayan presidents recommended the current administration that without abandoning Mercosur, it should look at major trade blocks associations but at the same time a strong self criticism is needed because maybe the problem is not in Mercosur but in Uruguay.
Amerisur Resources Plc, the oil and gas producer and explorer announced on Monday it has received a Prospecting Permit by Paraguay’s Ministry of Public Works and Communications for the Espartillar block in the Paraguayan Chaco.
Taiwan will continue to cooperate with Latin America as long as the relation is fair, legal and effective, said re-elected president Ma Ying Jeou who also described that links with Beijing will continue to be: “no unification, no independence and no arms”.
Paraguay’s meat exports totalled 285 million dollars in the first four months of the year, which makes it the second best four-months for the industry in recent years, said German Ruiz, head of the country’s Rural Association.
Uruguay’s Vice-president Danilo Astori said Mercosur is going through its worst moment in history because some of its members in practical terms “are denying the most basic principles”.
Brazilian former president Fernando Henrique Cardoso said that Mercosur “needs to be reborn but with a real integration spirit among its members” leaving behind such ambitions as the mirror of the European Union.
Paraguay refrigerated beef exports to Brazil soared 202% during March compared to a year ago and is turning the giant neighbour into the main partner for the item replacing Chile, which ceased purchases following an outbreak of Foot and mouth disease a few months ago.
Uruguay growth estimate has been downed for 2012 while prices will be higher, according to the latest IMF World Economic Outlook released on Tuesday. The economy is set to grow 3.5% down from 4.2% while prices will climb to 7.4% compared to the 6.5% estimate of the previous WEO last September.