The European Union is tired of waiting for Mercosur to sign a free trade agreement, according to a delegation of Euro members of Parliament visiting Paraguay, a country which they consider a trusted 'ally' in trying to establish closer links with Europe.
Trade among Mercosur partners contracted 12.3% during the third quarter of last year in annual terms, despite the fact overall trade of its members increased and despite the greater integration commitment of the group's original charter, points out the Argentine Chamber of Commerce
Brazilian foreign minister Mauro Vieira discarded that the recent agreements reached by Argentina with China can interfere with Mercosur, while his Argentine counterpart Hector Timerman said that the package of accords with Beijing will actually benefit Mercosur.
Argentina and Brazil failed to reach an agreement to help unlock the ongoing tension between the two key Mercosur allies over bilateral trade. Argentina's Hector Timerman and his counterpart Mauro Vieira met in Buenos Aires to try and ease Brazil’s growing concerns about restrictions on the flow of goods, but any decisions were pushed forward to an undetermined date.
Career diplomats at key embassies, a more frank approach in talks with Mercosur, closer links with Israel and any free trade option with the United States remains frozen, anticipated Rodolfo Nin Novoa, Uruguay's next foreign minister as of next March first when the new administration takes office.
Mercosur does not exist; Uruguay is losing precious time and should try a one to one trade agreement with the European Union, according to Paul Riezler, president of the Euro-Chamber in Uruguay and of the Uruguay-Germany Commerce and Industry Chamber.
Brazil is ready to preserve the advances achieved by Mercosur but as long as the block does not turn into 'a burden' when it comes to negotiate trade agreements with third parties, according to Agriculture minister Katia Abreu.
Bilateral trade between Mercosur two main partners, Brazil and Argentina (first and third largest economies in Latin America) dropped 21.2% last year and with a 139 million dollars deficit for Argentina, according to the Argentine Commerce Chamber, CAC.
Victory Front pushes forward with two projects aimed at reshaping the scenario in view of next year's presidential campaign.
Full support also expressed for Venezuela against sanctions from the administration of United States President Barack Obama.