The Investment branch from the Brazilian Agency for the promotion of Exports, APEX, will be officially launched by president Luiz Inacio Lula da Silva January 16 in Davos, Switzerland, the largest world gathering of political and business leaders.
The Free Trade Association of the Americas, Mercosur-European Union talks and the World Trade Organization Doha round are the three main international challenges for Mercosur next year.
Bilateral trade between Venezuela and China will reach 3 billion US dollar in 2005, double this year, President Hugo Chavez said on his return to Venezuela following a five-day official visit to Beijing which was also another strategic move to lessen dependency from the dominating regional power.
Aerolineas Argentinas under the control of the Spanish tourism consortium Marsans cancelled this week the third and final payment of its 169,2 million US dollars October 2001 agreement with creditors.
Former President Carlos Menem, who aims to return to power, yesterday pledged to start cooperating with two judges who are investigating corruption charges against him.