Brazil's National Supply Company (Conab) has been entrusted with purchasing one million tons of rice to feed the people of Rio Grande do Sul and avoid the intervention of middle people seeking a black market profit from the victims of the unprecedented storms. Under normal circumstances, Rio Grande do Sul accounts for 70% of Brazil's rice production.
The Governor of the Argentine province of Corrientes Gustavo Valdés insisted that the Foreign Ministry and the Senate should get involved after another clash was reported between unauthorized Paraguayan fishermen and the Coast Guard (Prefectura Naval Argentina - PNA). “I hope they take care and do not continue denying the conflict as they have been,” Valdés underlined.
Paraguay's Export Single Window Consortium (Convue) confirmed this week that shipments in the first four months of 2024 reached US$ 2,790 million, representing a US$ 380 million yoy increase as per the Single Export Window System (DGVUE), under the Ministry of Industry and Commerce, based on certificates of origin.
Water levels below average at the Paraná-Paraguay river waterway have traders concerned over the future of their business. However, there seems to be consensus on the need to develop a master plan to tackle the grim situation stemming from discouraging precipitation forecasts despite abundant rainfall in recent weeks.
The Mercosur/European Union trade and cooperation agreement, “is a complicated process but it is also a matter of time and timing”, according to Rupert Schlegelmilch, chief EU negotiator of the accord who recently visited Mercosur country and associate members to meet government officials and business groups to confirm EU's determination to finish the deal.
Paraguayan President Santiago Peña and Japan's Prime Minister Fumio Kishida met Friday in Asunción to strengthen bilateral ties as well as to further discuss a free trade agreement (FTA) with the Southern Common Market (Mercosur). Peña, who holds the group's rotating presidency, expressed in a statement his “fervent desire” to “move forward with a free trade agreement between Mercosur and Japan.”
The Lower House of Bolivia's Plurinational Legislative Assembly (ALP) Thursday failed to approve the country's accession to the Southern Common Market (Mercosur) after Speaker Israel Huaytari adjourned the session during which the matter was to be debated. Lawmakers loyal to former President Evo Morales are said to oppose the Protocol of Accession of the Plurinational State of Bolivia to Mercosur initiative.
Trade between China and Latin American countries surpassed US$ 480 billion in 2023, compared to a mere US$ 14 billion back in 2000, based on data from the Customs Administration of the People’s Republic of China (AGA) and the UN Economic Commission for Latin America and the Caribbean, ECLAC.
Brazilian authorities announced this week that new measures will be in force concerning the import of steel products. In a move to discourage such practices, goods exceeding the quota of 11 items will be charged higher taxes, Agencia Brasil reported. In other words, if the maximum volume is exceeded, the import duty, currently ranging between 9% and 14.4%, will reach 25%, the Chamber of Foreign Commerce explained. The initiative seeks to prevent unfair competition with domestic steel.
In a gathering of prominent figures from the political and business spheres, Uruguayan President Luis Lacalle Pou emphasized the importance of a strong state to ensure individual freedom during the “freedom dinner” organized by Fundación Libertad in Buenos Aires. The event, attended by former Argentine President Mauricio Macri, current Argentine President Javier Milei, and other distinguished guests, provided a platform for discussions on liberty, democracy, and economic freedom.