Mercosur will retake next March technical discussions for a new proposal to be presented to the European Union for a trade and cooperation agreement, announced Argentine Foreign minister Hector Timerman next to his peer Antonio Patriota following bilateral talks on Wednesday in Rio do Janeiro.
Brazilian farmer groups are opposing a contract that Monsanto the world’s biggest seed company is offering farmers to end a dispute over royalty payments on its genetically modified soybean seeds. Monsanto is trying to resolve uncertainty over its ability to collect fees on its new Intacta soybeans, which it is scheduled to start selling in Brazil during the next growing season.
Paraguay’s Superior Electoral Tribunal, TSJE said on Wednesday that representatives from Unasur, Union of South American Nations, would be present as observers of the electoral process scheduled for next April. The accord was signed by TSJE president Alberto Ramirez Zamonini and the head of Unasur High Level Group, Salomon Lerner.
Re-elected Ecuadorean president Rafael Correa is hopeful “transparent and democratic” elections will be held in Paraguay next April, a country with which he is waiting to normalize relations.
The achievements of democracy in Latin America, while simultaneously warning of the challenges that remain and that must be addressed in order to avoid stagnation in the current political process the region has been following in recent years, was highlighted by OAS chief in an address to the London School of Economics, LSE.
The Spanish infrastructure company Abertis said it was seeking 90 million dollars from Bolivia in compensation for the nationalization of its subsidiary Servicios de Aeropuertos Bolivianos (Sabsa). Abertis was also considering other possible legal claims, its chief executive Francisco Reynes said.
Brazilian President Dilma Rousseff raised the monthly stipend of 2.5 million people living below the poverty line to make good on her promise to eradicate extreme poverty in Brazil. Even when announcing she has almost met her anti-poverty target halfway through her four-year term, Brazil’s last census points to 700,000 families who still live in extreme poverty but are not registered on government social programs.
FIFA said it is committed to using goal-line technology at the 2014 World Cup in Brazil, and could have four systems competing for selection. FIFA said it is now seeking tenders from companies which want their system to be used at the Confederations Cup in June and next year’s World Cup.
Japan’s trade deficit soared to a record 17.4 billion dollars on energy imports, a weaker Yen and the territorial dispute with China, the country’s main trade partner. Exports climbed 6.4% in January from a year earlier, the first rise in eight months while imports increased 7.3%, the Finance Ministry said in Tokyo.
British Prime Minister David Cameron visited the site of a colonial-era massacre in India on Wednesday, describing the episode as deeply shameful while stopping short of a public apology.