MercoPress. South Atlantic News Agency
Stories for November 19th 2001
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Monday, November 19th 2001 - 20:00 UTC
WTO summit “positive”
Mercosur country members consider the recent WTO summit in Qatar as “positive” since prospects for agriculture are “encouraging”, following the export subsidies “progressive elimination” agreement.
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Monday, November 19th 2001 - 20:00 UTC
Argentine bond swap begins
This Monday Argentina sets off the first stage of the bonds swap operation addressed to lower interest payments with an expected 2,5 billion US dollars saving in 2002 and avoid defaulting on foreign loans.
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Monday, November 19th 2001 - 20:00 UTC
World faces recession.
The International Monetary Fund lowered the world's growth estimate for this year to just 2,4%, which many economists consider a recession since it's below 2,5%.
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Monday, November 19th 2001 - 20:00 UTC
No “fast track” this year
US Congress Democrat Senate leader Tom Daschle confirmed this week in Washington that legislation giving the Executive power to negotiate new trade deals without the threat of congressional amendments, (“fast track”) will not be approved this year.
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Monday, November 19th 2001 - 20:00 UTC
South America News.
