Magallanes Region two main abattoirs are operating at full capacity and anticipate that coming seasons will be even better for farmers in the extreme south of Chile given the free trade agreement with the European Union that became effective this month. Besides, this has meant an immediate increase in the Chilean lamb quota to the European market from three to five thousand tons.
Brazil's two largest airlines, Varig and Tam, announced they will be merging their operations in a joint venture to overcome the deep crisis in the industry. With a joint fleet of 218 aircraft and 29 million passengers a year, the joint venture to be listed in the stock exchange would be larger than some European airlines.
Mercosur will present this month its trade proposals to the European Union and to the United States sponsored Free Trade Association of the Americas, but with the necessary safeguards to ensure the blocks economic and social development.
Headlines: Tourism insurance calamity; Cruising the Islands; Falkland Islands Community School Sports.
A businessman who has seen the Falklands Islands as a young adventurer but never set foot on them travels there towards the end of March to take over the important post of General Manager of the Falkland Islands Development Corporation. The new FIDC General Manger is Julian Morris, who spoke about his hopes and plans to Correspondent Harold Briley.
The new Foreign Office Minister with responsibility for the Falkland Islands and Latin America, Mr Bill Rammell, has been briefed by a delegation from the Falkland Islands Association, led by former Governor, Sir Rex Hunt.
Roberto Lavagna, Argentina's economy minister, on Wednesday urged the International Monetary Fund to go easy on Argentina's next government rather than demand damaging fiscal restraint.
At least 199 Taiwanese jiggers are believed to be operating in South Atlantic high seas just ahead of the coming squid season.
Headlines: Kirchner and Menem rebound; Tariff free berries for Europe; Argentine animal exports boom
According to the latest Argentine opinion polls, Governor Nestor Kirchner from the Justicialista Party is the leading candidate for the coming April presidential election, ahead of former president Carlos Menem and former Governor Adolfo Rodríguez Sáa.