
Brazilian President Jair Bolsonaro said on Sunday that it could take up to three years for the free-trade deal agreed by the European Union and Mercosur to come into force, as it depends on approvals by lawmakers of all countries involved.

After months of joint investigations with the United States, Argentina last week made the largest weapons seizure in the country’s history. Details of the bust and transnational investigation are coming to light sparked by a couple of packages that caught the attention of customs officers in Miami last October.

“Now I only have to recover the Malvinas Islands” said Argentine foreign minister Jorge Faurie, following the trade and association agreement reached on Friday in Brussels between Mercosur and the European Union.

The European Union and Mercosur reached on Friday a political agreement for an ambitious, balanced and comprehensive trade agreement. The EU is the first major partner to strike a trade pact with Mercosur, a bloc comprising Argentina, Brazil Paraguay and Uruguay.

Argentina, United Kingdom and the International Committee of the Red Cross are advancing in negotiations to extend the current agreement for the identification of Argentine combatants fallen during the South Atlantic conflict and buried in the Falkland Islands at the Argentine military cemetery in Darwin.

Alberto Fernandez, the main challenger to incumbent President Mauricio Macri in October elections, said on Thursday that if elected he would seek to “rework” Argentina’s huge financing deal with the International Monetary Fund, calling it “harmful.”

The IMF through its spokesperson at its daily press meeting confirmed that Managing Director Christine Lagarde and her deputy David Lipton effectively met with Argentine president Mauricio Macri, and Economy minister, Nicolás Dujovne at the G20 summit in Osaka, Japan.

Argentina foiled an international gang dedicated to arms trafficking following raids in several provinces and eight months of committed criminal intelligence, according to Security minister Patricia Bullrich.

By Tsvetana Paraskova for Oilprice.com - After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports of light crude oil and liquefied natural gas (LNG) from the resource-rich formation.

Argentina's trade surplus in May reached US$ 1.373m, the highest in five years and a record nine months running with positive results, reported on Wednesday the country's stats office, Indec.