Mercosur

• Saturday, March 22nd 2014 - 07:31 UTC

  Mercosur and EU in another effort to advance in the long delayed trade agreement

  

  Mercosur and European Union chief negotiators met on Friday in Brussels to define if conditions are ready for the exchange of tariffs reductions proposals with the purpose of reaching an ambitious trade agreement which was started back in 1999 and has yet to mature.

• Friday, March 21st 2014 - 06:05 UTC

  Bolivian senate to vote full incorporation to Mercosur in April

  

  The Bolivian Senate is expected to vote next month for the full incorporation of the country to Mercosur, thus complying with some of the last steps to join the group made up of Argentina, Brazil, Paraguay, Uruguay and Venezuela.

• Wednesday, March 19th 2014 - 07:07 UTC

  Mercosur has been 'a good deal' for Uruguay, 'it could have been better'

  

  President Jose Mujica said that Mercosur even with all its problems “has been a good deal” although it “could have been better”, and it is imperative that the group signs trade agreements with Europe and China, which has become the main trade partner of the region.

• Tuesday, March 18th 2014 - 22:00 UTC

  Chile suggests the Pacific Alliance and Mercosur should consider integration

  

  Chile's new foreign minister Heraldo Muñoz ratified his country's membership of the Pacific Alliance, a much questioned group by other regional organizations such as the Venezuelan inspired ALBA and even Mercosur led by Brazil, and suggested that Mercosur and the Pacific Alliance could consider integration. Chile is currently an associate member of Mercosur.

• Tuesday, March 18th 2014 - 02:24 UTC

  Brazil optimistic that Mercosur has reached a joint proposal for trade talks with the EU

  

  Mercosur will present a joint proposal to the European Union for a wide ranging trade agreement between the two blocks later this month, announced Brazil' Minister of Industry Mauro Borges, following a visit to Buenos Aires where he met with Economy minister Axel Kicillof and Industry minister Debora Giorgi.

• Monday, March 10th 2014 - 20:57 UTC

  All South American leaders attending Bachelet's inauguration on Tuesday

  

  More than 20 countries confirmed that representatives from their governments will attend the inauguration of Chilean president-elect Michelle Bachelet on Tuesday, Chilean Senate leader Jorge Pizarro announced. Leaders from Argentina, Brazil, Costa Rica, Ecuador, Paraguay, Uruguay, Belgium, Mexico, Brazil, Venezuela, Colombia, Haiti, Suriname and El Salvador have confirmed their presence.

• Friday, March 7th 2014 - 05:10 UTC

  With an eye on Argentina and Venezuela, Brazil private sector wants Mercosur trade in local currencies

  

  Brazil's private sector concerned with harsh times ahead, particularly with exports to Argentina and Venezuela are proposing that Mercosur trade should be done with local currencies leaving aside the US dollar. The initiative was launched by the president of the Brazil-Argentina Commerce Chamber.

• Friday, March 7th 2014 - 05:02 UTC

  OAS leader compares the 'dynamic imbalance' in trade talks EU/US and EU with Mercosur

  

  The dynamic imbalance in trade negotiations is clearly evident in the case of trade negotiations of Canada and the US with the European Union, and what happens with EU/Mercosur trade talks that have been going for seventeen years, with no clear results yet, according to OAS Secretary General Miguel Insulza.

• Saturday, March 1st 2014 - 05:12 UTC

  Uruguay approves IMF test, but inflation and the neighbors could bring surprises

  

  The International Monetary Fund lowered its forecast for economic growth in Uruguay this year to 3% from its previous estimate of 3.3%, the IMF's deputy managing director said on Friday in Montevideo. Naoyuki Shinohara told reporters that the revision is due to lower growth expected in Uruguay's neighbors Argentina and Brazil and lower prices for commodities and Uruguayan exports.

• Saturday, March 1st 2014 - 02:38 UTC

  Israel PM expected in Buenos Aires for anniversary of embassy bombing

  

  The Argentine government has suspended dialogue with Iran, heralding a shift in policy that coincides with improved relations with Israel that includes a visit this month by Prime Minister Benjamin Netanyahu.