The founding Mercosur countries Friday suspended Venezuela from full membership of the free-trade bloc in view of its failure to adjust its domestic regulations to economic agreements and human rights and immigration guidelines and principles that are mandatory to all the other members.11 comments
Nicolas Maduro's Venezuela has been suspended from the Mercosur regional trade bloc for failing to meet its membership requirements, a Brazilian government source revealed Thursday. And the official announcement is to be made Friday, which could not be corroborated in Buenos Aires' diplomatic circles.3 comments
The presidency of the Southern Common Market (Mercosur) in supposedly in the hands of Venezuela, who is said to have been suspended from full membership for failing to comply with the bloc's statutes.
Venezuelan President Nicolás Maduro said Tuesday that no one will be able to remove his country from the Southern Common Market (Mercosur), although the bloc's founders are considering a suspension for failure to fulfill commitments as an Associate State.
Venezuela will continue as member of Mercosur but with no right to vote, since it has not fully incorporated all the group's rules and regulations as had been agreed, revealed Uruguay's foreign minister Rodolfo Nin Novoa on Friday in Montevideo.
Cheaper imports from Mercosur and the recovering dairy market will push down EU beef production and prices, states in a long-awaited impact study released by the European Union. Dairy and pigmeat exports will see steady gains, says the report, which looked at the cost of 12 pending trade deals on EU agri-food markets.
Argentina's Lower House left its peers from the Mercosur Parliament, Parlasur, with no allowances, despite claims from most of its 43 members. Last week the Chamber of Deputies approved the Argentine budget which must now be considered by the Senate.
The President of Mercosur’s parliament (Parlasur) thinks that the European Union’s current tabled offer is “unsatisfactory” and made it clear that it shouldn’t be signed in its current form. Jorge Taiana, head of the parliament, and former foreign minister with ex president Cristina Fernandez, complained that the negotiations, which resumed about seven years ago, are taking far too long, but added that in the absence of a “balanced agreement”, nothing should be signed.
Brazilian president Michel Temer said that Portugal and Spain are determined to help speed trade negotiations between Mercosur and the European Union. Temer made the announcement on hosting Portuguese Prime Minister Antonio Costa who was on a brief visit to Brazil for the Community of Portuguese Language Countries summit in Brasilia.
Argentine president Mauricio Macri promised his Uruguayan peer Tabare Vazquez to look into the draft of a Uruguay/China free trade deal, and expressed their deep concern about political events in Venezuela suggesting that under the current circumstances the Nicolas Maduro government cannot be considered a member of Mercosur.