
Newly appointed Trade Minister Chris Bryant is visiting Brazil and Argentina, South America’s largest economies, to champion British business and closer trade ties. As part of the Trade Strategy’s plan to focus on practical deals that deliver faster benefits for businesses, Minister Bryant will progress several targeted partnerships with Brazil, including on customs, good regulatory practices, and export credit.

Argentina's Economy Minister Luis Toto Caputo announced on Thursday that the government would sell every last dollar to defend the current parity between the Argentine peso and the greenback. He made those remarks following a rise in the official quotation, which pierced the upper limit of its exchange rate band. Caputo insisted this approach fell within the program agreed upon with the International Monetary Fund (IMF).

Argentina's trade surplus last month was US$1.402 billion, which was way higher than expectations. According to the National Institute of Statistics and Censuses (Indec), this marks the 21st consecutive month of a trade surplus for the country.

As the UK seeks agreements to make it easier and cheaper for British businesses to export, newly appointed Trade Minister Chris Bryant is visiting Brazil and Argentina on Thursday to achieve those goals.

Argentina's Lower House dealt a significant blow to President Javier Milei on Wednesday by overturning his vetoes on bills that would increase funding for public universities and pediatric hospitals. This action follows large protests in Buenos Aires and other cities nationwide, where thousands of students, teachers, and healthcare workers demonstrated against the Libertarian government's budget cuts.

A large fleet of Asian fishing vessels, primarily from China, is overfishing squid in unregulated international waters off the coast of Argentina, according to the Environmental Justice Foundation (EJF).

Argentine President Javier Milei praised Paraguay's economic progress and highlighted the political alignment between the two countries.

Last Friday following a negative electoral week for the government of Argentine president Javier Milei, which forced him to reshape his economic program, and open the tight purse of the budget, looking ahead to the midterm election in October, (and ahead of the arrival of the new British ambassador in Buenos Aires), the Falkland Islands, this time hydrocarbons development, were again the target of Argentine political frustration.

Argentine President Javier Milei defended his fiscal adjustment policies and Western culture in meetings with Paraguayan President Santiago Peña and at the Conservative Political Action Conference (CPAC) on Tuesday.

In a recorded broadcast message, Argentine President Javier Milei outlined the 2026 Budget Bill sent to Congress, asserting that the worst is over for the country's economy.