Mercosur

• Wednesday, February 15th 2012 - 05:50 UTC

  Brazil and Germany committed to achieve the EU/Mercosur trade agreement

  

  Brazilian Foreign Minister Antonio Patriota and his visiting German counterpart Guido Westerwelle on Monday called for signing a free trade agreement between the European Union and the South American trade bloc Mercosur.

• Wednesday, February 15th 2012 - 00:37 UTC

  Uruguay signs first hydrocarbons on-shore exploration contract with US company

  

  Uruguay’s hydrocarbons refining company Ancap signed on Tuesday an agreement with US company Schuepbach Energy to begin exploration for oil and gas in the north and centre of the country.

• Tuesday, February 14th 2012 - 20:43 UTC

  Brazil willing to wait to see how latest Argentine trade restrictions evolve

  

  Brazil’s private sector said it would grant Argentina a “confidence vote” and would wait until the end of February before assessing the consequence of the new import restrictions imposed by the government of President Cristina Fernandez.

• Monday, February 13th 2012 - 19:53 UTC

  EU/Mercosur hope to resume talks following French presidential election

  

  European and Latin American personalities underlined the peril of falling prey to short term results and forget the long term relation between the two regions which is expected to be re-launched following the French presidential election next April.

• Thursday, February 9th 2012 - 23:17 UTC

  Mujica says Mercosur is “a chewing gum”; promises trade deals with third countries

  

  Mercosur from a real point of view exits, but institutionally it’s a “chewing gum” claimed Uruguayan president Jose Mujica who anticipated he would demand from the block’s partners that Uruguay be allowed to sign bilateral trade agreements with third parties.

• Wednesday, February 8th 2012 - 06:21 UTC

  Uruguayan cabinet divided over how to address Argentine trade restrictions

  

  The latest round of imports’ restrictions imposed by the government of President Cristina Fernandez and how to address them have triggered a serious debate inside the ministerial cabinet of Uruguayan president Jose Mujica.

• Wednesday, February 8th 2012 - 06:17 UTC

  Argentina and Brazil want corporations to reinvest and not send profits overseas

  

  President Cristina Fernandez hopes to convince Brazil to join Argentina in its campaign against the multinational corporations in an effort to balance trade balances in the midst of the global crisis spurred by the Euro crisis, China’s slow reaction and the US economy which still has to recover from the full impact of the 2008/09 recession.

• Tuesday, February 7th 2012 - 06:15 UTC

  Argentina/Brazil admit ‘good understanding’ in round of trade talks to lift restrictions

  

  The meeting between Argentine and Brazilian officials to discuss the new trade legislation implemented by the government of President Cristina Fernandez ended in a “good understanding”, said participants of the Monday meeting.

• Monday, February 6th 2012 - 07:16 UTC

  Uruguayan president downplays the impact of Argentine imports’ restrictions

  

  The new trade barriers enforced by the Argentine government are “insignificant, nothing to worry about,” Uruguayan president José Mujíca said to a Montevideo newspaper insisting that the best path is ‘dialogue’ dismounting each obstacle ‘step by step’.

• Friday, February 3rd 2012 - 23:04 UTC

  Brazil follows Argentina: sets up a special unit to monitor and control imports

  

  Following on Argentina’s track the Brazilian government created a special unit to monitor and control imports in the framework of the country’s new trade policy implemented by the administration of President Dilma Rousseff.