
Argentine Foreign Affairs minister Hector Timerman thanked his Mercosur counterparts for renewing their support towards Argentina for its legitimate, constant and unlimited right to claim the Malvinas Islands' sovereignty to the United Kingdom.

Argentina and Brazil’s Foreign Affairs ministers, Hector Timerman and Celso Amorim are expected Monday in Montevideo to report to the Mercosur parliament on the current situation of the regional block and future steps.

European Union and Mercosur representatives concluded Friday in Brussels a new round of negotiations for an association and cooperation agreement for which they have proposed an ambitious work calendar extending until mid 2011, when the accord could be closed.

The European Union and the Mercosur trade bloc resumed on Monday a new round of talks in Brussels aimed at reaching free trade agreement in the near future after years of no talks. In the immediate the blocs are seeking to outline a work scheme that could be kicked off in December.

Chambers of Commerce from Europe, Brazil and Uruguay called on their governments to give a new thrust to negotiations for an ambitious cooperation and trade EU/Mercosur agreement.

World Bank's Chief Economist for Latin America and the Caribbean Augusto de la Torre said that the Latin American economy will grow between 5.5 and 6% this year spurred mostly by a good performance from Mercosur members.

The increase in demand for meat will force world production to more than double by 2050, when the globe’s population is estimated to reach 9 billion, according to Arturo Lavallol a member of the International Meat Organization (OPIC) currently holding its 18th congress in Buenos Aires.

Next Wednesday Mercosur country members are scheduled to meet in Brazil to coordinate for the coming round of Mercosur/European Union trade negotiations that will be taking place in Brussels, October 11 to 15.

In anticipation of a new round of Mercosur/European Union trade talks to take place in Brussels, EU Trade Commissioner Karel De Gucht confirmed he remained hopeful a deal could be struck in the coming twelve months, following the recent experience with South Korea.

The European Union said differences with Argentina over food import impediments belonged to the past, but in private warned that such measures only help to erode the needed trust to keep advancing negotiations for a free trade agreement between the EU and Mercosur.