The conclusion of a trade agreement between the European Union and Mercosur depends on political decisions from both sides, but particularly from Mercosur, said this week EU Trade Commissar Pascal Lamy addressing the European Parliament.
A double Argentine homage to Chilean Nobel Prize poet Pablo Neruda served last Tuesday as a good motive to patch up the recent months strained bilateral relation.
International Monetary Fund Managing Director Rodrigo de Rato praised the sound management of the Uruguayan economy which has delivered impressive results over the past two years and highlighted last year's landmark debt exchange which has improved the medium-term debt profile.
An agreed statement is expected to be made later this week following the private meeting held last weekend between Gibraltar Chief Minister Peter Caruana and Director General for Europe of the Spanish Foreign Affairs Ministry Jose Pons.
In its latest report on the Chinese booming economy the International Monetary Fund warns that a soft landing is not yet assured and recommends the quick introduction of a more flexible exchange rate. The Yuan is pegged to the US Dollar and has been criticized for unfairly cheapening Chinese exports.
A new decree which regulates foreign flagged factory vessels operating in high seas next to Chile's EEZ that call into Chilean ports was highlighted as extremely positive both at regional and national level by Jorge Cofré, president of the Fishing Crews Union in Punta Arenas.
The Brazilian business delegation present at the Oil Offshore Northern Seas fair in Norway captured deals worth over 50 million US dollars, the establishment of two oil industry support plants in Brazil and prospects of closer working contacts with the Norwegian government owned Statoil.
The Lower House of the Chilean Congress will be debating in the coming days a report from the Extreme Zones Committee on the Chilean domestic air market which among other proposals recommends splitting Lan Chile's dominating position and tackling only operator situations such as happens with Magallanes Region.
Findings related to innovations in algae farming and subsequent impact on breeding invertebrate herbivores mainly abalone, were presented last August 19 in Puerto Montt during the conference on ”Macrocystis pyrifera (kelp) farming in Chile”, sponsored by the Chilean Promotion Fund for Scientific and Technological Development, FONDEF.
Mexico's government owned Petroleos Mexicanos, Pemex, has discovered and mapped huge deep water oil reserves in the Gulf of Mexico increasing the country's reserves to the tune of the main league of world producers, reports the Mexican press.