
In the current global context “it’s hard to see an advance in the free trade negotiations with the European Union” said on Wednesday the block’s High representative Ambassador Samuel Pinheiro Guimaraes.

In an attempt to accelerate talks on a trilateral free trade agreement (FTA) , the India-Brazil-South Africa (IBSA) summit decided to hold an annual meeting of trade ministers from the three countries beginning from March next year.

Britain’s House of Commons strongly supports a closer bilateral relationship with Brazil, which it describes as a democratic, well governed, responsible state but regrets the hardening position of Brazil towards the Falklands and the HMS Clyde incident.

The European Union will seek to further discussions over a trade deal with Mercosur at the upcoming G20 summit in Cannes in November announced on Tuesday German Chancellor Angela Merkel alongside visiting Uruguayan president Jose Mujica.

Uruguayan president Jose Mujica tried to seduce German investors and business people during his first day visit to Germany which has been marked by the impact of the European crisis. On Tuesday he is scheduled to meet Chancellor Angela Merkel and President Christian Wulff.

Uruguayan president Jose Mujica currently visiting Germany said that relations with Argentine are very good and forecasted that President Cristina Fernandez will win he re-election bid next Sunday as he had anticipated two years ago.

The governments of Uruguay and Argentina have decided to ignore the controversy born out of statements from former President Tabare Vazquez who said that during the Botnia-UPM pulp plant conflict, back in 2006/07, he did not discard a “war hypothesis” given the aggressive attitude of Argentina and for which he had requested support from the Bush administration.

Uruguay and Argentina approved this week conditions to begin dredging the River Plate Martin Garcia access channel, an ongoing dispute of over ten years that seriously constrained Uruguay’s ports development, according to reports in the Montevideo media.

The Uruguayan economy is forecasted to expand 5.5% this year generating 40.000 new jobs, and 4.5% in 2012, according to “Prospects and Tendencies” announced Thursday by the Economy Institute from the Economics Faculty.

Uruguay’s First Lady Lucia Topolansky described statements from former president Tabare Vazquez referred to a possible ‘war hypotheses’ with Argentina over the paper mill conflict as ‘absurd’ and recommended those words shouldn’t be considered more than a simple kids’ anecdote.