Mercosur and Singapore have started negotiations for a free trade agreement, officials from both sides announced on Monday on the sidelines of the 13th Pacific Alliance Summit held in Puerto Vallarta, Mexico.
Despite EU and Mercosur countries remaining committed to reaching a trade agreement, the European Commission did not endorse the South American bloc’s target to reach an agreement by September, as substantial gaps remain between the two sides.
European companies are urging the European Union to accelerate trade negotiations with Mercosur bloc, in a sign of concern that the 20-year talks could once again fall dormant if they do not reach an accord this week.
Associated Press (AP) revealed that last August, during a meeting in the Oval Office, US President Donald Trump asked a question that startled his advisors: given that the situation in Venezuela threatens regional security, why does the United States not invades the South American country?
Uruguay will be handed the rotating chair of Mercosur this Monday in a brief summit ceremony to take place in Paraguay. Attending will be Brazil's Michel Temer, Uruguay's Tabare Vázquez, the host Paraguay Horacio Cartes and in representation of Argentina, vice president Gabriela Michetti. President Mauricio Macri is in the midst of a cabinet reshuffle and waiting for market reaction this Monday following the naming of a new Central Bank chairman.
Immigration to Uruguay, Argentina and Chile has exploded exponentially in recent years. It is receiving an “unprecedented” daily requests for refuge in the southern country, according to the Director of Human Rights and Humanitarian Law of the Uruguayan Ministry of Foreign Affairs, Dianela Pi, who explained to MercoPress that “There are acts of discrimination and xenophobia that are emerging in Uruguay as never before” as a result of the migratory phenomenon. This wave comes mostly from citizens of Venezuelan origin.
Mercosur and the European Union begin a fresh round of trade talks this week with renewed optimism that negotiators may be nearing an accord after almost 20 years of talks. Since trade negotiations with the United States were frozen after Donald Trump's 2016 presidential election victory, the European Union has turned its focus to other large economies and has already struck agreements with Japan and Mexico.
Argentina is set to expand fresh beef exports to Asia, with Japan and China having already approved import deals, the country's agriculture minister said. Luis Miguel Etchevehere in Tokyo said that Argentina has signed a deal with the Japanese government under which Tokyo will authorize imports of fresh beef from Argentina by late July. His country has also inked a beef export agreement with Beijing.
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.
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.