Combat aircrafts from Argentina, Brazil, United States and Chile began this weekend joint strategic air exercises in the area of Iquique, northern Chile, approximately 2,000 kilometres from Santiago.
The European Union and Mercosur have yet to exchange their complete proposals for the trade agreement currently under negotiation between the two blocks, according to European Commission sources in Brussels.
Argentine fisheries exports this year are forecasted to drop 30% compared to 2003 because of the poor squid and shrimp catches, according to the latest reports released by the Argentine Fisheries Department. Last year total fisheries exports totalled 885 million US dollars.
Eighteen out of 21 Asia Pacific Economic Cooperation member economies have confirmed they will be participating in the Tourism Ministers summit scheduled in Punta Arenas next October 13/14.
A report from Mercer Human Resources Consulting, MHRC, indicates that Montevideo has become the second cheapest capital in South America and is even below some of the main cities in Central America.
In spite of some delays in the construction by US contractors of oil rigs, Brazil government owned oil company Petrobras expects to reach a record production of 1,74 million barrels per day in the coming quarter, according to industry sources.