Brazil trusts Mercosur and the European Union can exchange the proposed tariff lists for a free trade agreement keeping to the original schedule, before the end of the year, according to the country's foreign ministry.
Uruguayan president Jose Mujica again questioned Argentine president Cristina Fernandez administration trade policies which he said take us back 'to the sixties, when everybody locked in', and in effect deny Mercosur and harm other members.
Mercosur must have greater integration, act with an only voice and operate as a block, advised former French president Nicholas Sarkozy at a business conference in Buenos Aires, where he also underlined that without the European Union, France or Germany could have disappeared from the world map
Brazil's influential daily O'Globo called for a drastic change in the country's approach to trade policy arguing that without a review, Mercosur does not work and reveals that the latest signals from Argentina are that it is reluctant to reach a free trade and cooperation agreement in the framework of Mercosur with the European Union.
For Mercosur it is absolutely crucial that the trade and cooperation agreement with the European Union becomes effective said Uruguayan Vice-president Danilo Astori who indicated that Brazil and Uruguay are advancing the agreement at a faster speed than Argentina, which is involved in a more protectionist focus.
Uruguay made a formal complaint against Argentina before Mercosur regarding the administration of President Cristina Fernandez decision banning Argentine exports from transshipment in Uruguayan ports. The complaint was filed on Wednesday in Caracas at Subgroup 5 which addresses Mercosur maritime transport by Uruguay's Deputy Transport minister Pablo Genta.
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The Mercosur summit scheduled for December in Venezuela has been suspended and will most probably take place sometime in late January announced Uruguayan president Jose Mujica who on Friday cancelled a trip to Brasilia to meet with his peer Dilma Rousseff.
Paraguayan president Horacio Cartes will not be participating in the Mercosur summit scheduled to be held next month in Caracas, capital of Venezuela, which currently holds the rotating chair of the bloc, according to Paraguay foreign minister Eladio Loizaga.
Mercosur members will be holding an extraordinary meeting in Caracas on 15 November to define an 'only joint position of the group ahead of the presentation to the European Union, in the framework of negotiations for the trade and cooperation accord, said Venezuelan foreign minister Elías Jaua.