
Within the framework of the European Union/Latam leaders’ summit held in Madrid, the EU and Chile agreed to improve and strengthen relations, with a special focus on energy and trade, five years after the launch of the Association Agreement.

Between 2000 and 2009, the European Union 27 exports of goods to the 33 Latin American and Caribbean (LAC) countries grew more slowly than imports: exports rose from 59 billion Euro to 66 billion, while imports increased from 54 billion to 74 billion, according to a Europa press release on the eve of the Madrid summit.

While in Madrid the re-launching of trade European Union/Mercosur trade talks was announced, in Brussels, a meeting of the Agriculture Council showed how sensitive the issue is and how divided EU members are on market access for highly competitive produce from the South American block.

President Barack Obama has signed a law that requires the US State Department to compile a public list of foreign governments that violate press freedom.

The European Commission published Monday its report launching discussions on fishing opportunities in EU waters in 2011. The document sets out how the Commission intends to act on the scientific advice it receives on the state of fish stocks when proposing catch limits and quotas for next year.

The European Union and the Latin American trade bloc Mercosur announced Monday that they were re-launching talks to create a free trade area of 800 million people. A tentative first meeting is scheduled for next July according to EU officials.

Australians gathered Saturday around Sydney harbour to welcome back teenager Jessica Watson from her record round-the-world sailing adventure. The 16-year-old is said to be the youngest person to sail non-stop, solo and unassisted around the world.

European Central Bank President Jean-Claude Trichet called for more effective sanctions against countries violating the region’s Stability and Growth Pact and said the ECB acted independently when it bought government bonds, Spiegel magazine reported, citing an interview.

Spanish unions and employees organizations have ten days to come up with an agreement of labour reform or the government will approve the initiative by decree, according to reports in the Madrid press.

World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.