Mercosur

• Friday, September 4th 2009 - 07:47 UTC

  Brazilian Senate condemns Venezuela further delaying its Mercosur bid

  

  The Brazilian Senate released a statement criticizing Venezuelan president Hugo Chavez for the measures implemented by his government against private media. The decision by the Senate’s Foreign Affairs Committee could further delay Venezuela’s incorporation to Mercosur.

• Thursday, September 3rd 2009 - 13:23 UTC

  Uruguay’s economic policy and Mercosur links set to change predicts Moody’s

  

  The risk-rating agency Moody’s Economy anticipates that whoever wins in Uruguay’s October presidential election, the only certainty is that “there will be changes in economic policy” and in regional inter-action, including a review of Mercosur relations.

• Tuesday, August 25th 2009 - 15:15 UTC

  Venezuela’s Mercosur incorporation approval ever more distant

  

  Mercosur has enough problems and of different kinds and does not need to include another one by voting for the incorporation of Venezuela to the trade block, according to Paraguayan senator Marcelo Duarte.

• Wednesday, August 19th 2009 - 12:46 UTC

  Clear and reliable rules of the game, Uruguay’s main asset

  

  Uruguay remains as a most attractive country for Argentine investors because of its business opportunities, logical taxing system and absence of export levies plus its geographical closeness, according to Luis Bonetto Argentine investment advisor and expert in agriculture.

• Friday, August 14th 2009 - 14:09 UTC

  Paraguayan government withdraws bill for Venezuela’s Mercosur incorporation

  

  Paraguay's government withdrew a bill that would approve the incorporation of Venezuela to the Mercosur trade bloc fearing a defeat in Congress that could hurt relations between the two countries.

• Friday, August 14th 2009 - 14:05 UTC

  IMF allocation for Mercosur countries exceeds 7 billion USD

  

  The IMF allocation of Special Drawing Rights, SDR, equivalent to 250 billion USD to provide liquidity to the global economic system will supplement Mercosur country members with approximately 7 billion US dollars.

• Friday, August 14th 2009 - 02:52 UTC

  The Mercosur dream has “over ambitious targets and little pragmatism”

  

  In the sixties we had a “very strong dream about the idea of Mercosur” but it is “frustrating to see how little has been advanced in fifty years” said economist Enrique Iglesias during a conference in Montevideo on the impacts and challenges of the current international economic crisis.

• Friday, August 7th 2009 - 12:50 UTC

  Mercosur works if Brazil makes it work, said Uruguayan presidential hopeful

  

  The Uruguayan ruling coalition presidential candidate Jose Mujica said Brazilian president Lula da Silva promised to help speed power inter-connection between the two neighbouring countries, in the framework of Mercosur, in spite of Argentina’s non supportive attitude. He also underlined Mercosur depends on Brazil’s willingness.

• Friday, August 7th 2009 - 12:41 UTC

  Paraguayan Senate not interested in having Venezuela in Mercosur

  

  The Paraguayan Congress is not interested in considering the protocol for Venezuela’s incorporation to Mercosur said Senator Miguel Carrioza, president of the Upper house.

• Thursday, July 30th 2009 - 03:43 UTC

  Argentina ignores Mercosur; rallies domestic support for protectionist policies

  

  Argentina’s main trade unions confederation, CGT, and the chamber of small and medium enterprises, CAEM, energetically supported trade protection measures imposed by the government and which triggered complaints and irritation among Mercosur country members.