Brazil’s president Jair Bolsonaro and Argentina’s president Mauricio Macri said they agreed to continue integrating their economies (number one and two in South America), as strategic partners, by “perfecting” the Mercosur trade block and pressing ahead with negotiations that are already underway, such as the ongoing free trade and cooperation agreement with the European Union.
Argentina has appointed an auditor/administrator for the National Institute for Fisheries Research and Development (INIDEP), former R/Admiral Marcelo Lobbosco, who was head of Buenos Aires province ports. During his 180-day term (with a possible extension of another 180 days), and according to Decree 1127, Lobbosco must try to overcome the staff disputes which have impeded the normal activity of research cruises.
Pakistan has officially requested to resume negotiations with Mercosur for a free trade agreement, with discussions expected to begin in early 2019. Islamabad believes it is an opportunity to bridge the trade deficit with countries of the South American bloc.
Argentine President Mauricio Macri Tuesday launched an appeal in Montevideo to find solutions to the humanitarian crisis in Venezuela and called for the return of democracy in that country. He delivered that speech during the Mercosur summit where he is to take up the bloc's rotating presidency from host Tabaré Vázquez.
The presidents of all Mercosur member and associate countries gathered Tuesday in Montevideo for a summit to redefine the bloc's future, in light of recent statements from Brazil's future government that the region will not be among the priorities of Jair Bolsonaro when he becomes president on January 1.
Brazil’s outgoing Agriculture Minister Blairo Maggi said that Mercosur is ready to close a trade agreement with the European Union but it is being held up because the Europeans do not want to close a deal.
Mercosur and the European Union will be holding a round of technical talks this week in Montevideo, starting on Monday, with the purpose of building a strong consensus that could anticipate an agreement sometime next year.
Brazil's president-elect Jair Bolsonaro said “prudence” was necessary before signing any trade agreement with other nations, in reference to the ongoing negotiations between Mercosur and the European Union.
The Arcángel Maggio printing company has announced plans to invest US $ 6 million to produce school books and novels for the Spanish-speaking market (except Uruguay) from Colonia's free-trade zone in a 4,000 square meter plant due to start operating in February, 2019.
Tereza Cristina, tapped by President-elect Jair Bolsonaro to head Brazil's Agriculture Ministry, said on Wednesday the country could decide to abandon the Mercosur trade bloc if it failed to address inequality.