
Argentina, Paraguay, Bolivia and Ecuador signed Monday in Asuncion an agreement for cooperation in security matters which not only involves “associating” for the procurement of equipment, but defence of sovereignty and territorial integrity and preannouncement of military exercises.

Mercosur sanitary experts met this week in Asuncion, Paraguay to address the mosquito transmitted dengue disease which is affecting all countries of the region (except Uruguay and Chile) with tens of thousand cases confirmed.

The Organization for Economic Cooperation and Development, (OECD) welcomed on Thursday the formal endorsement by Uruguay of its tax information exchange standards.

Mercosur “has not advanced sufficiently to promote symmetries” said Paraguayan president Fernando Lugo on Thursday during a ceremony at the Executive palace to commemorate the 18th anniversary of the signing of the South American customs union made up of Argentina, Brazil, Uruguay and Paraguay.

Brazil is sponsoring the creation of a Mercosur police force similar to Europol the security organization of the European Union which specializes in across-border crimes, revealed the Brazilian Ministry of Justice.

Mercosur and the European Union reaffirmed their commitment to reach a wide ranging agreement, --in spite of stalled negotiations--, and to push for the conclusion of the World Trade Organization, WTO, Doha Round talks.

Argentine visiting president Cristina Fernandez de Kirchner and her Brazilian counterpart Lula da Silva called on Friday for speedier financing of joint development and commerce projects to help stimulate decreasing bilateral trade.

Mercosur is already feeling the effects of the global crisis in its foreign sector and economic activity, according to a report from the prestigious Argentine consultants Ecolatina.

Venezuela and Paraguay closed this week a round of business negotiations to boost bilateral trade which will become effective once Venezuela is formally incorporated to Mercosur, it was reported in Asunción.

The head of the Brazilian Senate and former president Jose Sarney said that the Mercosur incorporation of Venezuela will be “disturbing” for the trade block but admitted the Upper House would finally approve the admission protocols.