
Mercosur asymmetries in power generation are overwhelming and almost absurd, with Paraguay the main power exporter in South America unable to dispose of its energy surplus, claimed Ricardo Canese, member of the Mercosur Parliament in representation of Paraguay.

South America’s soy bean reserves suffered a strong reduction following recent sales while the global supply could be affected depending on the US crop and weather in the northern hemisphere according to Oil World latest forecast

Advance teams from Mercosur country members reached a tentative agenda for this month’s presidential summit at the end of the month, (July 23/24) according to sources in Paraguay the country which will hosting the meeting.

Uruguay’s main opposition party performed much better than anticipated according to official results of last Sunday’s primary elections for the nomination of presidential candidates for October’s elections.

United States Senator Richard Lugar, the ranking Republican on the Foreign Relations Committee is urging the US to extend trade benefits to Uruguay, bypassing Mercosur, a move he says would also increase pressure on Brazil to deepen commercial ties.

Mercosur Foreign Affairs and Economy ministers will be meeting Tuesday in Asuncion, Paraguay in the framework of the Common Market Group to discuss trade barriers and try to unwind several issues.

Brazil has suggested delaying the coming Mercosur presidential summit scheduled for July 3 and 4 in Asunción, Paraguay when Uruguay should be taking the chair for the next six months.

Former Uruguayan president and the leading presidential hopeful of the main opposition party Luis Alberto Lacalle said that the Mercosur Parliament, Parlasur, lacks all meaning and purpose and proposed its dissolution, in an interview published Sunday in the Montevideo press.

Mercosur supports significant institutional deficits, lacks clear bearings, negotiations with the European Union are stalled and there is a devalued public opinion perception of the block, which is attempting to become a customs union.

The financial crisis should be the springboard for a “leap forward” in negotiations for the association agreement between the European Union and Mercosur, said Spain’s Secretary of State for Ibero-America currently on a tour of Mercosur country members.