Global trade through the Panama Canal is being severely disrupted by a drought affecting the man-made corridor, which could force shippers to choose other, more costly routes, it was reported. The historic waterway in Central America connecting the Pacific and Atlantic Oceans handles about 5% of international seaborne trade.
Mercosur and the European Union failed to sign the much-expected and long-awaited free trade and cooperation agreement during the South American block summit in Rio do Janeiro, mainly because of discrepancies over forestry and agricultural land. Brazilian President Lula da Silva said he was committed to signing the agreement with the EU, and will not give up until achieved but further hurdles could be in the way.
Former Argentine President Mauricio Macri said in Brazil he supported the idea of a single currency for all Mercosur countries because if the bloc was “serious” it needed “the same rules and the same currency, like the eurozone.”
US Southern Command chief four-star General Laura Richardson landed in Asunción Monday evening to participate in the celebrations of 80 years of military cooperation and to strengthen the security ties between the United States and Paraguay.
Venezuelan President Nicolás Maduro insisted Monday that next Thursday's talks in St Vicent and the Grenadines between him and his Guyanese colleague Irfaan Ali were the direct result of the Dec. 3 referendum and, hence, an achievement of the Venezuelan people.
The Brazilian Government of President Luiz Inácio Lula a Silva shall be sending a delegation headed by former Foreign Minister and current presidential advisor on international affairs Celso Amorim to Thursday's meeting between the leaders of Guyana and Venezuelan in St Vincent and the Grenadines to discuss the Guiana Essequiba issue, it was reported in Brasilia.
Guyanese President Irfaan Ali said that Venezuela's latest actions regarding the dispute over the Guaiana Essequiba were a regional threat and hoped Nicolás Maduro's regime would not act in an adventurous and very irresponsible manner.
Guatemala's Public Prosecutor's Office said this week that the voter rolls used in the elections won by Bernardo Arévalo de León were not authorized by the Supreme Electoral Tribunal and therefore the results thereof were null and void. Arévalo had warned on Sept. 1 that Attorney General Consuelo Porras was carrying out a coup d'état against him to prevent him from taking office on Jan. 14 to succeed Alejandro Giammattei.
“There is no Mercosur where only some people do well,” said Paraguayan President Santiago Peña on taking up his new role within the bloc, which in his view is bound for “great achievements.” Peña underlined that, globally, Mercosur faced four challenges: access to water, food security, energy sufficiency, and resilience in logistics chains.
Former Peruvian President Alberto Fujimori (1990-2000) was released from the Barbadillo prison in Lima Wednesday after long hours of red tape entanglements followed Tuesday's decision by the Constitutional Court to uphold the pardon he had been granted by Pedro Pablo Kuczynski back in 2017 which was later overturned by judiciary measures. Fujimori, 85, was serving a 25-year prison sentence for crimes against humanity.