
South Korea, Asia’s fourth largest economy is seeking to launch bilateral trade talks with Mercosur in a move to deepen links with Latinamerica according to a report from the Yonhap news agency.

Argentine president Cristina Kirchner called on Mercosur partners to convert the group into the world’s leading agro-food business region and to put an end to asymmetries.

Canada is “satisfied” with contacts held with the Argentine government for the possible beginning of discussions regarding a free trade agreement with Mercosur, said Canadian International Trade minister Peter Van Loan said at the end of a tour of four Latin American countries

Consolidating South American integration would be the main foreign policy priority of the Brazilian ruling party presidential candidate Dilma Rousseff if public opinion polls are confirmed at the ballot box next October 3 and she emerges as the successor of Lula da Silva.

Canada, South Africa and India are scheduled to begin this year trade talks with Mercosur, according to reports from Ottawa and Johannesburg.

Foreign Affairs minister Celos Amorim implicitly admitted that access to the Brazilian market for other Latin American countries, including Mercosur, is not easy because of a proliferation of non trade barriers which has resulted in large surpluses with most of the region’s countries.

South America and particularly Mercosur spend less than 2% of GDP in military hardware which makes it the world region that less invests in defence, said a high ranking official from the Barak Obama administration visiting Paraguay.

Families of 24 of the 33 Chilean trapped miners in the San José mine have filed a lawsuit against the state and the mining company, seeking compensation and justice.

Uruguay called on Brazil and Argentina to allow Mercosur junior members to reach unilateral trade agreements with third countries helping to boost the group’s dynamism.

Chilean President Sebastián Piñera made his Mercosur debut this week at the regional trade association’s summit in San Juan, Argentina, delivering a well received speech and holding separate meetings with Bolivian President Evo Morales and Brazil’s Lula da Silva and Argentina’s Cristina Kirchner.