Brazilian presidential opposition candidate Aecio Neves insisted that if elected he will review Mercosur rules and make them more flexible so that the country can reach bilateral agreements with third parties and not limited by the consensus clause of the trade block. He also mentioned the Pacific Alliance as a pragmatic integration reference.
Chile is confident that in coming months there will be 'significant' advances in a convergence of the Pacific Alliance and Mercosur, said Andres Rebolledo, Chile's Deputy Trade minister during a visit to Brazil.
Deep reforms and opening Mercosur to the world will be proposed by opposition candidate Aecio Neves to the other full members, if finally he is elected to lead Brazil in the 26 October runoff against president Dilma Rousseff, said Rubens Barbosa a trade expert, former ambassador in the US and currently coordinator of the opposition government program.
Latin America and the Caribbean's foreign trade will experience its third year of stagnation in 2014, because of minimal growth in exports and a slight decline in imports, the Economic Commission for Latin America and the Caribbean (ECLAC) reported on Thursday.
The five full members of the Mercosur trade bloc will use unified number plates for their 0km vehicles starting in 2016, Argentine Foreign Minister Hector Timerman announced on Wednesday from San Martín Palace in Buenos Aires city.
Argentine ambassador in the United Kingdom, Alicia Castro has fiercely criticized the conduct of holdout investors and thanked UK unions for their support in the dispute with 'vulture funds', during an address to the British umbrella trade union UNITE.
A first meeting to assess opportunities for accords between the Alliance of the Pacific and Mercosur will take place next November in Santiago de Chile confirmed, confirmed Chilean foreign minister Heraldo Muñoz.
Venezuela's Bolivar currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a website that tracks it.
Anticipating what could be policy under a second government of President Dilma Rousseff, her Trade Minister Mauro Borges told Brazilian daily Folha do Sao Paulo that opening the country to more foreign trade would be a “disaster for Brazilian industry” and lead to the “mexicanization” of the economy, in reference to the light assembly factories known as “maquiladoras” that dominate Mexico’s non-oil exports.
Once the EU and Mercosur exchange their proposals for a free trade agreement, negotiations will 'move fast' and the deal should be closed sometime in 2015, according to EU ambassador in Montevideo, Juan Fernandez Trigo. But he also pointed out that he expected Mercosur proposal to be in accordance with terms established in 2010.