Mercosur

• Tuesday, August 28th 2012 - 03:32 UTC

  Mexico launches dispute at WTO against Argentina’ import licensing rules

  

  Following similar complaints against Argentina by the European Union, United States and Japan, Mexico has launched its first dispute against Argentina at the World Trade Organization, the WTO announced on Monday.

• Friday, August 24th 2012 - 06:18 UTC

  Paraguayan Senate defies Mercosur: votes against Venezuela’s incorporation

  

  The Paraguayan Senate, at the heart of serious regional diplomatic dispute, voted by a solid majority against the incorporation of Venezuela as full member of Mercosur. Thirty one Senators rejected the Venezuelan Protocol of Adhesion, three supported it and eleven left the floor before the vote was taken.

• Thursday, August 23rd 2012 - 20:39 UTC

  Company confirms abundant gas condensate in south Falklands and prepares new drilling program

  

  Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.

• Thursday, August 23rd 2012 - 06:38 UTC

  Argentina promulgates tax data exchange bill, but Uruguay still has to vote it

  

  The Argentine government on Wednesday promulgated the tax agreement reached with Uruguay geared to lower fiscal evasion and elusion plus avoiding double taxing for residents from the neighbouring countries.

• Thursday, August 23rd 2012 - 05:33 UTC

  A billion dollars trade surplus for Argentina in July; Mercosur main partner

  

  Argentina’s trade surplus reached 1.014 billion dollars in July, which is 54% higher than the same month a year ago. Exports totalled 7.4 billion and imports 6.37bn according to the latest release from the official stats office, Indec.

• Thursday, August 23rd 2012 - 01:59 UTC

  OAS to dispatch mission to accompany and observe Paraguay’s political process

  

  The Organization of American States (OAS) agreed on Wednesday to dispatch of a mission to Paraguay to accompany and observe the electoral process in the country that will conclude with the general elections of April 21, 2013.

• Thursday, August 23rd 2012 - 01:52 UTC

  “We need to prepare for war to live in peace”, says Paraguayan Defence minister

  

  “We must prepare for war to live in peace” said Paraguay’s Defence minister Maria Liz Garcia in reference to the new geopolitical situation following the suspension of Paraguay as a member of Mercosur and Unasur.

• Thursday, August 23rd 2012 - 00:58 UTC

  Chavez pledges 130bn investment to boost oil production to 6 million bpd by 2019

  

  Some 130 billion dollars will be invested in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, President Hugo Chavez announced on Tuesday evening.

• Thursday, August 23rd 2012 - 00:50 UTC

  Where’s the cheapest to ‘fill her up’? Venezuela: 12.8 US cents a liter of petrol

  

  Venezuela, the latest entry as full member of Mercosur has the cheapest petrol price in the world, 8 pennies per liter, (1 £ trading at 1.59 dollars on 22 August) according to the latest report from UK website, “This is money”, based on a research from Evans Halshaw.

• Tuesday, August 21st 2012 - 22:49 UTC

  Argentina hits back at US and will complain in WTO trade barriers on meats and lemons

  

  The Argentine Foreign Ministry on Tuesday hit back at the United States amid various trade barrier complaints and allegations of illegality saying that it would report the country for violating the World Trade Organization’s (WTO) rules for stopping imports of Argentine meat and citrus fruits to the US.