While for the Venezuelan government Mercosur has become the main priority following its recent exit from the Community of Andean Nations, CAN, the country’s private sector claims it is the worst moment possible for such a move.
Argentina said on Wednesday it will restrict foreign ownership of farmland. President Cristina Fernández de Kirchner made the announcement during a televised speech at Government House saying she was sending a bill to Congress which will cap land ownership for foreigners.
A top level Indian business delegation headed by Minister of state for Commerce and Industry Jyotiraditya Scindia is travelling to Argentina and Uruguay to boost ties with Mercosur, according to the Indo-Asian news agency.
Mercosur country members with support from the Inter-American Development Bank (IDB) and the World Tourism Organization will cooperate in the promotion of tourism focusing on improved and harmonized statistics, strengthening governance and promoting investment in the industry in the region.
Latin American and Caribbean Foreign Affairs ministers are meeting in Venezuela in anticipation of the presidential summit scheduled for July 5 in Caracas when a new regional integration organization is set to be born, the Community of Latin American and Caribbean states, CELAC.
Toyota executives in Brazil and Argentina announced they are cutting production at two assembly plants for three days because they don’t have enough parts from Japan due to the recent earthquake and tsunami.
The pro-business block initiative that will be signed this week by Pacific countries leaders from Chile, Peru, Mexico and Colombia presents no potential conflict for Brazil or Mercosur said on Monday the Brazilian Foreign Affairs ministry.
Venezuela formally exited the Andean Community of Nations, CAN, Friday when it stopped belonging to the free trade zone which for 38 years eliminated a full range of tariffs among its members (Peru, Ecuador, Bolivia and Colombia), announced the Venezuelan Foreign Affairs ministry.
South American countries, particularly Mercosur members remain as top priority of Brazil’s foreign policy confirmed this week President Dilma Rousseff.
Argentina's footwear industry hopes to make 200 million pairs and export 50 million shoes as part of new strategic growth plan by 2020, according to officials at leading trade federation Camara de la Industria del Calzado (CIC).