The much delayed Mercosur summit, originally scheduled for last December could take place in March, according to Paraguay's foreign minister Eladio Loizaga who this week visited his Venezuelan peer Elías Jaua. Venezuela currently holds the Mercosur rotating chair and will be hosting the event when (and if) it finally takes place.
Mercosur summit delays and oil are two of the main issues the Paraguayan foreign minister Eladio Loizaga will address with his Venezuelan peer Elias Jaua, when he travels on Thursday to Caracas. Formally the event is a diplomatic reciprocity for Jaua's visit to Paraguay last 9 October, when the two countries re-established full relations.
Paraguay has instructed its ambassador in Buenos Aires to collect information on Argentina's plans to set up an uranium processing plant in the northern province of Formosa, neighboring with the land-locked country.
Uruguay and Brazil could be prepared to go ahead with a 'two speed' trade negotiations between Mercosur and the European Union if the Argentine tariff proposal is not as ambitious as that from the rest of its members, according to Uruguayan diplomatic sources.
Mercosur pretends to increase its trade integration with members from the Pacific Alliance, said Brazilian foreign minister Luiz Alberto Figuereido. The top official made the statement this week before the Brazilian Senate foreign affairs committee.
Mercosur through its pro-tempore presidency under Venezuela is involved in a round of contacts to agree on the group's much delayed XLVI summit which has been postponed because of problems with 'presidents' agenda', revealed Paraguayan foreign minister Eladio Loizaga.
Mercosur president’s summit was suspended on Thursday for the third time, due to agenda incompatibilities, Paraguay’s Foreign Minister Eladio Loizaga confirmed in Asunción. Earlier in the day, Loizaga met with Brazilian Foreign minister Luiz Alberto Figuereido. The meeting was going to take place in Caracas, on January 31.
Paraguay's Foreign minister Eladio Loizaga said on Monday that at the latest in early February Mercosur and the European Union would be exchanging their tariff reduction proposals for the much delayed free trade agreement. The deadline originally was December but it was delayed on request from Brussels.
One of Paraguay's priorities is to make the country the world's fifth exporter of beef by 2018, according to Industry and Trade minister Gustavo Leite. The land locked member of Mercosur currently holds the eighth position.
The Economist has dedicated an article to the recently inaugurated Paraguayan president Horacio Cartes, and his attempts to improve the living conditions of the majority of a population which is poor in a country rich in agriculture and energy.