
The Falklands/Malvinas dispute and 'colonialism' will be discussed on Monday during an extraordinary session of the Mercosur Parliament, Parlasur, in Montevideo with the attendance of Argentine and Uruguayan foreign ministers Hector Timerman and Luis Almagro.

Mercosur and the Pacific Alliance are not contradictory competing blocks, and can advance towards a mutually beneficial convergence, said Chile's Economy minister Luis Felipe Cespedes during a trade and investment promotion seminar in Brazil.

Brazil ran a trade deficit of 1.17 billion last month, the largest shortfall for October in 16 years, the government said on Monday. Imports totaled 19.5bn, while exports amounted to 18.3bn, the Ministry of Development, Industry and Foreign Trade said in a report.

Mercosur and Pacific Alliance foreign affairs ministers met this weekend in Colombia for a first round of talks on integration mechanisms and the potential for specific alliances. The idea of the meeting was first launched by Chile with the purpose of a 'convergence' of interests and a possible future integration.

In a harsh letter, released on Friday, Argentine President Cristina Fernandez urged US President Barack Obama to explain whether ”Nancy Soderberg, the person you have appointed as Chair of the Public Interest Declassification Board (PIDB), which reports directly to the Government of the United States of America, is also the Co-Chair of the American Task Force Argentina (ATFA), an entity specifically created to attack and slander the Argentine Republic and its President.”

The Pacific Alliance and Mercosur will be holding a two-day ministerial informative meeting in Cartagena de Indias, Colombia, beginning this Friday, a first approach to a possible convergence of the two groupings, according to official releases.

The World Bank's Doing Business global rating is not very enthusiastic about Latin American and the Caribbean which only first surfaces in position 34 out of the 189 countries considered.

The reelected President of Brazil Dilma Rousseff called President Cristina Fernandez on Monday to thank her Argentine counterpart for her message of congratulations following victory at the polls, as well as organizing a bilateral meeting in Australia during the G20 summit.

Pacific Alliance and Mercosur country members will be holding a meeting in Colombia “to plan the productive future of Latin America with a shared vision” announced Mexico's minister of economy Ildefonso Guajardo.

Brazilian presidential opposition candidate Aecio Neves insisted that if elected he will review Mercosur rules and make them more flexible so that the country can reach bilateral agreements with third parties and not limited by the consensus clause of the trade block. He also mentioned the Pacific Alliance as a pragmatic integration reference.