Tag: Mercosur

Mercosur
Monday, September 29th 2014 - 09:22 UTC

Venezuela's Bolivar hits a record low of 100 to the US dollar

The sinking rate of the Mercosur member's currency on what is known as the “parallel” currency market has been a major headache for President Maduro

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.

Monday, September 29th 2014 - 08:47 UTC

Opening the economy “would be a disaster for Brazilian industry” states Rousseff minister

Trade minister Mauro Borges warned about the 'mexicanization' with 'maquiladoras' of the Brazilian economy

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.

Friday, September 19th 2014 - 07:28 UTC

EU hopeful the free trade accord with Mercosur will be reached next year

“We expect the Mercosur proposal on tariffs reduction will be on terms agreed back in 2010” said Fernandez Trigo

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.

Tuesday, September 16th 2014 - 05:28 UTC

Mercosur/Pacific Alliance foreign ministers plan to meet in Chile in November

“Mercosur must look outwards and stop looking at its belly button”, said Loizaga on announcing the meeting.

Foreign affairs ministers from Mercosur and the Pacific Alliance will be meeting next 24 November in Santiago de Chile to explore a possible integration between the two blocks according to Paraguay's foreign minister Eladio Loizaga.

Thursday, September 11th 2014 - 17:00 UTC

There are two Mercosur, but only the ideological one prevails

The ideological Mercosur is limited to a political board of three. Brazil, Argentina and Venezuela, “the original Mercosur is over” indicated Magnoli

The original Mercosur is over; it has been reduced to a political block with a three member board, Brazil, Argentina and Venezuela, according to Demetrio Magnoli a renowned Folha de Sao Paulo columnist who added that the 'political' Mercosur has helped the Alliance of the Pacific to advance.

Saturday, September 6th 2014 - 07:04 UTC

Is the controversial 'squid war' with Argentina reignited?

“Despite initial concern..., catches of Illex have exceeded 270,000 tons, which is the highest since the fishery began in 1987” said Governor Colin Roberts

The Falkland Islands Fisheries Department has reported this year that squid fishing generated the largest annual capture since records began, representing a major boost to the Islands economy.

Tuesday, September 2nd 2014 - 07:43 UTC

Falklands/Malvinas issue to be addressed by Mercosur parliament 11 November

The Parlasur delegation with their host Julian Dominguez, president of the Lower House, during the visit to the Argentine congress

The Mercosur Parliament, Parlasur will be holding a special session next 11 November in Montevideo dedicated to the Falklands/Malvinas Islands sovereignty issue, it was announced this Monday in Buenos Aires during a visit of a delegation from the regional legislative to the Argentine congress.

Saturday, August 30th 2014 - 07:00 UTC

Mercosur is a ‘success’; intra-trade has grown at double the world rate

Ramalho insists that despite the bad press, Mercosur is advancing and now extends from Patagonia to the Caribbean

Mercosur is a success, intra-trade has expanded at double the rate of world trade and despite all the bad press, the block is advancing on other fields such as social affairs and citizenship, according to Ivan Ramalho, Mercosur's High Representative, who is a former Brazilian deputy minister of trade and development issues.

Friday, August 29th 2014 - 06:46 UTC

Mercosur main partners in another attempt to re-launch withering economies

Kicillof is expected in Brazil to meet with his peer Mantega and Industry minister Burgos.

Argentine Economy minister Axel Kicillof left Buenos Aires on Thursday for Brazil, where he will meet with fellow ministers from the country to discuss the current situation of bilateral trade and the automotive industry.

Wednesday, August 27th 2014 - 02:51 UTC

Chile ready to act as a 'bridge' between Mercosur and the Pacific Alliance

Latin American integration means having “a converging vision so we can be stronger” at global level, said Riveros

Chile is ready to act as a 'bridge' between Mercosur and the Alliance of the Pacific so that Latin American can have a greater presence in the world state, said Chilean Deputy foreign minister Edgardo Riveros during a conference in Sao Paulo at the Lula da Silva think-tank.

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