
Egypt will be signing a free trade agreement with Mercosur during the group’s presidential summit scheduled for next August 3 in Argentina, announced Friday the Egyptian trade minister on Friday.

The Indian ambassador to Argentina Rengaraj Viswanathan said his country, currently the fourth largest economy in the world, is looking to “deepen and expand” its accords with the Mercosur and highlighted that Indian businessmen “use Argentina as a platform” to access regional markets.
Venezuelan president Hugo Chavez office has confirmed he will be participating of the coming Mercosur presidential summit scheduled for next August 3 in San Juan, north of Argentina when the rotating chair of the block will be passing from Buenos Aires to Brasilia.

The European Farmers and Agri-Cooperatives organizations, Copa-Cogeca, called on Tuesday for a “solid” Common Agriculture Policy, CAP, to protect European farmers from Mercosur (Argentina, Brazil, Paraguay and Uruguay) countries’ competition.

Brazilian Foreign Trade Secretary Welber Barral flies Monday to Dominican Republic to promote bilateral and advance towards a road map for an agreement with Mercosur.

Argentina proposed the gradual elimination of the Mercosur Common External Tariff, AEC, double charge and hopes the initiative will receive a first approval before Buenos Aires has to turn over the rotating chair of the trade group to Brazil next August.

Brazilian and European business leaders gathered in Brasilia urged their governments to reach an “ambitious and balanced” trade agreement between Mercosur and the EU, and give first priority to the conclusion of the WTO Doha round talks.

Mercosur full member Paraguay is now between the world’s eight top exporters of beef, with prospects of increasing that position as meat quality increases boosted by improved breeding and better sanitary conditions.

Argentina announced it would slap anti-dumping tariffs for six months on gas compressors from Brazil, a decision which is expected to lead to new trade clashes among Mercosur largest members.

The recent resumption of negotiations for a cooperation and free trade agreement between Mercosur and the European Union will be at the heart of the EU/Brazil summit scheduled to begin Wednesday in Brasilia.