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Montevideo, May 27th 2018 - 23:26 UTC

Tag: Mercosur

  • Saturday, May 26th 2018 - 07:58 UTC

    South Korea and Mercosur agree in Seoul to begin formal negotiations for a free trade deal

    “This represents a significant step toward deepening the important relationship between Mercosur and the Republic of Korea,” the joint statement said

    South Korea and Mercosur agreed to begin formal negotiations for a trade deal in the latter half of this year to facilitate commerce and investment, the Seoul government said on Friday. South Korea signed an agreement to launch the negotiations with four Mercosur member states -- Brazil, Argentina, Paraguay and Uruguay -- during a ceremony held in Seoul. Mercosur expelled Venezuela in 2016 for failing to meet its basic standards.

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  • Tuesday, May 22nd 2018 - 08:24 UTC

    Paraguay officially moves embassy to Jerusalem: Cartes-Netanyahu summit

    Netanyahu gave a speech at the ceremony in which he emphasized that both countries “have great cooperation and it will be even better.”

    Paraguay officially moved the country's embassy to Jerusalem on Monday, with President Horacio Cartes in Israel for the ceremony, also attended by Prime Minister Benjamin Netanyahu. Paraguay, a member of Mercosur, is now the third country to move its embassy to Jerusalem, following the United States and Guatemala. The inauguration ceremony took place at noon at the embassy’s new home in the Malkha technology park, which also houses the Guatemalan embassy.

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  • Tuesday, May 22nd 2018 - 06:32 UTC

    Mercosur and Japan scheduled to begin trade talks next November in Argentina

    The Group of 20 leaders' summit in Argentina in November “would be a good opportunity” to kick off negotiations on an economic accord, said minister Nunes

    Mercosur trade bloc looks to begin economic and trade talks with Japan as soon as November, Brazil's foreign minister said, calling trade with Asia essential to regional economic health as the U.S. embraces protectionism.

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  • Monday, April 30th 2018 - 09:04 UTC

    Last round of EU/Mercosur “useful”, but key issues remain to be resolved

    Talks ended earlier than expected, with Argentina and Uruguay leaving the table due to what they saw as a lack of decisiveness from Brazil and the EU.

    The European Union and Mercosur have made some progress on how to open their markets to cars, but ended free trade talks in Brussels on Friday with finger-pointing about who was holding up a deal. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay began on-off negotiations towards a trade alliance in 1999, with a fresh impetus since 2016.

  • Friday, April 27th 2018 - 10:47 UTC

    Mujica supports the FTA with Chile: Piñera begins his commercial tour avoiding Uruguay

    Mujica said that before “a weakened Mercosur”, Uruguay has to look for alternative incentives to improve trade stability.

    While Chilean President Sebastián Piñera started a commercial tour in Brazil last Thursday, in which he avoids Uruguay because the Free Trade Agreement (FTA) with Chile is blocked in the Uruguayan Parliament since 2016, ex-president José Mujica explained that he supports the FTA with Chile in order to look for “the best incentives to ensure commercial stability.” The bench of former president Mujica and the communist party refuse to approve the commercial agreement.

  • Thursday, April 26th 2018 - 09:18 UTC

    EU insists in good sanitary standards for Mercosur produce, if a deal is to be reached

    “No deal on Mercosur unless we are satisfied there will be good standards and that we will have a good sanitary and phytosanitary agreement,” said Hogan

    European Agriculture Commissioner Phil Hogan insisted there would be “no deal” with Mercosur unless negotiators are fully satisfied strong standards will apply to all produce. It comes as another round of the negotiations on Mercosur got under way in Brussels this week.

  • Monday, April 23rd 2018 - 09:22 UTC

    China and South Korea seek trade agreements with Mercosur

    South Korean PM Lee Nak-yon in March agreed with Brazilian President Michel Temer to start formal negotiations for a SK/Mercosur free trade deal by June

    China and South Korea are seeking to establish free trade agreements with Mercosur in a strategic response to Washington's increasingly protectionist stance. The East Asian initiatives have resonated well in a region where Washington is keeping its distance. U.S. President Donald Trump has not visited a single Latin American country since taking office in January 2017, and chose not to attend the Summit of the Americas, which recently concluded in Peru.

  • Monday, April 23rd 2018 - 09:08 UTC

    EU and Mexico reach new trade agreement: tariff cuts for European cheese and pork

    “Mexico joins Canada, Japan and Singapore as partners willing to work with EU in defending open, fair and rules-based trade,” said EC Jean-Claude Juncker.

    The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump's election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.

  • Wednesday, April 4th 2018 - 09:04 UTC

    Minister Faurie in France addresses bilateral relations and Mercosur/EU talks

    Faurie and Jean-Yves Le Drian agreed that the world is immersed in a debate between economic nationalism and multilateralism

    Argentine foreign minister Jorge Faurie met on Tuesday in Paris with his French peer Jean-Yves Le Drian to address current political and economic bilateral relations, as well as the latest advances in the Mercosur/European Union negotiations.

  • Wednesday, March 21st 2018 - 07:07 UTC

    Mercosur “blocks” talks on auto exports and government procurement contracts, claims EU

    “For the time (being) the negotiation on the Mercosur (deal) for different reasons is blocked,” French finance minister Le Maire told reporters.

    European officials said this week that significant obstacles remain to a long-delayed trade deal between the European Union and Mercosur, even as South American officials expressed optimism a deal would be finalized soon.

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