At the end of May Mercosur will be ready to exchange tariff-reduction proposals with the European Union, announced Brazilian Industry minister Mauro Borges who also anticipated the trade block would be holding a preparatory meeting next week in Caracas, Venezuela.
The Antarctic and Southern Ocean Coalition (ASOC) joined member states of the Antarctic Treaty, along with observer and expert organizations, in Brasilia this week to discuss measures for the protection of the Antarctic environment.
Brazilian president Dilma Rousseff said in a statement that her government ensures sustained economic growth, with contained inflation. The announcement followed market estimates saying that Brazil's GDP expansion this year would be down to 1.63%, below official and private recent estimates above 2%.
Brazil's Sports minister Aldo Rebelo minimized the possibility of violence during the coming World Cup and replied to the British media that the Amazon city of Manaos, where England will be playing a match, will not be riskier that war zones.
With just over a month left for the 2014 World Cup kick off in Brazil, the governor of the state of Sao Paulo launched the Regional Reward program which will pay 55.000 Reales (approximately 22.000 dollars) to anyone providing useful information to help to solve crimes and track perpetrators.
Uruguay and Brazil will be signing this month an agreement to promote the development of Uruguay's naval construction industry, which has been described as one of the fastest growing sectors of the economy, said Industry and Energy minister Roberto Kreimerman in Montevideo during the launching of a barge for the pulp industry.
With less than 40 days remaining before the country takes center stage as host of the 2014 FIFA World Cup, Brazilian hydropower power operators are facing a severe drought that makes energy rationing an increasing likelihood.
Uruguay's dairy industry has overtaken Argentina as the main supplier of milk to Brazil, according to Globo Rural, a Brazilian site which specializes in farming news. Brazil's imports were globally 60% Argentine milk and the rest, 40% from Uruguay, but now Uruguay has moved to over 50%, meaning Argentina is losing ground in Latam largest economy and leading Mercosur partner, Anibal Schaller manager of the Milk Industry Center, admitted to Globo Rural.
Brazil's economic and social bank, BNDES, denied it was intent in financing Uruguay's deep sea port on the Atlantic coast, as repeated sources in the Uruguayan government have indicated.
Brazil confirmed this week that for the end of May or early June, Mercosur will be presenting its joint tariff-reduction proposal to the European Union for the conclusion of an ambitious, but long delayed, cooperation and trade agreement.