Uruguayan president Jose Mujica tried to seduce German investors and business people during his first day visit to Germany which has been marked by the impact of the European crisis. On Tuesday he is scheduled to meet Chancellor Angela Merkel and President Christian Wulff.
Argentina's 8th International Oil & Gas Expo, sponsored by the Argentine Institute of Petroleum and Gas is taking place this week in Buenos Aires.
Facing losing market shares in the Mercosur region, Italy’s Pirelli is to build a new radial truck tyre factory in Argentina involving an investment of 500 million dollars. Construction will begin in 2012, with first-phase capacity on stream in 2014.
Brazil is reinforcing its diplomacy’s legal and trade departments in anticipation of a major impact from a possible global situation and in this context “Mercosur is a priority, almost a sanctuary” announced Monday the Foreign Affaire ministry.
Chinese automaker JAC Motors announced Friday it will invest 500 million dollars to build a factory in Brazil's north-eastern Bahia state its first outside China.
The United Nations Office on Drugs and Crime, UNODC, has released its first “Global Study on Homicide”, which shows that young men, particularly in Central and South America, the Caribbean and Central and Southern Africa, are at greatest risk of falling victim to intentional homicide.
Mercosur full members (Argentina, Brazil, Paraguay and Uruguay) rank poorly in the Forbes magazine annual Best Countries for Business, with the best listed, Chile and Peru, in positions 24 and 42, out of 134 countries surveyed worldwide.
In the framework of the so called Plan Maior, Brazil adopted measures to stimulate its industry with the purpose of increasing productivity and containing competition from Chinese produce in its domestic market.
The head of Business-Europe International Relations said Wednesday that a free trade agreement between the European Union and Mercosur “would not destroy European agriculture” in spite of fears from farmers.
Major European corporations called on political leaders for an “ambitious and balanced” European Union-Mercosur trade agreement and asked that ‘agriculture issues’ impacts do not derail the project.