Mercosur

Thursday, August 4th 2011 - 06:39 UTC
Brazil to request additional exceptions from Mercosur common external tariff

Brazil will request at least 100 additional exceptions from Mercosur common external tariff, TEC, as part of the program to prop local industry that was announced earlier this week and includes tax relief to the tune of 16 billion dollars.
Wednesday, August 3rd 2011 - 06:58 UTC
CFK and Mujica underline ‘importance of dialogue’ and overcoming conflicts

President Cristina Fernandez de Kirchner, CFK, underlined the importance of dialogue between Argentina and Uruguay which enable to overcome ‘conflicts’, while her Uruguayan peer Jose Mujica said that the “good neighbours” policy is the only way forward and a win-win situation for both sides.
Saturday, July 30th 2011 - 22:43 UTC
South America as a region to discuss measures to counter global financial crisis

South America’s top economic and monetary authorities will be meeting in Lima and later in Buenos Aires to agree on “joint and specific actions” to address the flush of global liquidity distorting regional currencies and of unsold manufactured goods threatening jobs and industry.
Saturday, July 30th 2011 - 22:33 UTC
Cristina and Dilma reaffirm ‘strategic alliance and commitment to Mercosur

Argentina and Brazil reaffirmed on Friday their strategic alliance and commitment to Mercosur and regional integration during a summit in Brasilia, where President Cristina Fernández de Kirchner together with her Brazilian peer Dilma Rousseff inaugurated the new Argentine Embassy in the Brazilian capital.
Friday, July 29th 2011 - 06:32 UTC
Claims China is ‘circumventing’, via US, to avoid Brazil anti-dumping tariffs

Brazilian newspaper Estado de Sao Paulo revealed documents from Chinese company Sun Falcon International Inc. offering triangulation scheme through Los Angeles port, the busiest container port in the US, to avoid Brazilian anti-dumping tariffs.
Thursday, July 28th 2011 - 11:42 UTC
Argentina-Brazil summit in Brasilia to discuss trade and political coordination

Brazilian Foreign Affairs minister Antonio Patriota said that trade talks is one of several points in the bilateral agenda, ‘but not the most important’, next Friday when Argentine president Cristina Fernandez de Kirchner visits her Brazilian peer Dilma Rousseff.
Tuesday, July 26th 2011 - 08:25 UTC
S&P upgrades Uruguay’s rating to BB+, just one notch below investment grade

The credit rating agency Standard & Poor’s upgraded on Monday Uruguay’s rating by one notch to BB-plus, only one notch below investment grade, praising years of “prudent and consistent” economic policies in the country.
Monday, July 25th 2011 - 07:08 UTC
EU/Mercosur agreement: “too much fear from both sides”

A trade agreement between Mercosur and the European Union would significantly expand European investment given the increase in bilateral trade, but ‘there’s too much fear from both sides’, according to Adrian van den Hover head of international relations for Business Europe.
Friday, July 22nd 2011 - 01:59 UTC
Weak Spanish government conditions enthusiasm for an EU/Mercosur deal

The Spanish government's enthusiasm for an European Union free-trade agreement with Mercosur remains solid and Madrid seems willing to put some sectors of agriculture at risk in exchange for access to new markets for the country's multinationals.
Thursday, July 21st 2011 - 10:16 UTC
Uruguay economy expands 6.8% in the first quarter and domestic demand, 8.3%

Following on an 8.5% growth rate in 2010, Uruguay’s real GDP continued to expand 6.8% in the first quarter of this year compared with the same period of 2010, according to the Central bank Debt Management Unit.