China plans to invest ten billion US dollars in the production, storage and transport of soybeans in Brazil to ensure the supply of the commodity of which it is the world’s main importer, according to press reports in Beijing.
European Union Agriculture ministers will be meeting this week in Luxembourg to discuss the current trade negotiations with Mercosur, according to European Commission sources.
The Falkland Islands has nominated an Islander as new Director of Mineral Resources who will be taking over from Phyl Rendell when she retires as the end of the year, announced the government of the Islands.
The region with the largest increase in military expenditure in 2010 was South America, with a 5.8% increase in real terms, reaching a total of 63.3 billion US dollars according to the latest report from the Stockholm International Peace Research Institute, SIPRI.
With stronger local currencies Mercosur main beef exporters, Brazil and Uruguay are finding it more profitable to supply their domestic markets than exporting, in spite of growing international demand.
Colombian President Juan Manuel Santos and Venezuela’s Hugo Chavez agreed over the weekend to temporarily extend the bilateral trade pact within the framework of the Andean Community, or CAN, despite Venezuela’s pending withdrawal from that regional organization on April 21.
An estimated 17 million people will suffer unemployment in Latin America well into 2012 according to latest estimates from the Economic Commission for Latin America and the Caribbean, ECLAC.
Uruguayan president Jose Mujica strongly supported the incorporation of Venezuela as full member of Mercosur from a Sunday column published in one of Brazil’s most influential newspapers, Folha de Sao Paulo.
Blackouts blamed on forest fires left without power whole areas of north and central Venezuela, including Caracas, officials said. The power outages began last Thursday due to the collapse of electrical lines located 250 kilometres west of Caracas, Electricity Minister Ali Rodriguez said.
Bolivia has fallen from second to sixth place in the ranking of largest holder of proven natural gas reserves in South America, with Peru behind Venezuela as the two leading countries, admitted a Bolivian Hydrocarbons Association, or CBH, report.