Mercosur

• Friday, November 11th 2005 - 20:00 UTC

  Free trade benefits estimates according to World Bank

  Abolition of tariffs, subsidies and domestic support programs would boost global welfare by nearly 300 billion US dollars per year by 2015, says a new World Bank research study, Agricultural Trade Reform and the Doha Development Agenda.

• Friday, November 11th 2005 - 20:00 UTC

  October record trade surplus for China

  China's trade surplus jumped to a record 12 billion US dollars in October compared to 7,6 billion in September, reported Thursday China's Customs Office.

• Friday, November 11th 2005 - 20:00 UTC

  Katrina and oil blamed for US trade deficit

  Record oil prices following the Katrina hurricane and a drop in exports soared United States trade deficit to 66.1 billion US dollars last September, the highest so far in 2005.

• Friday, November 11th 2005 - 20:00 UTC

  Bank of England leaves rates unchanged at 4,5%

  The Bank of England left Thursday interest rates unchanged at 4,5% for the third month running as was anticipated by financial experts who nevertheless are divided as to the future cost of money in the UK.

• Friday, November 11th 2005 - 20:00 UTC

  Fujimori: Chile and Japan iron out differences

  Chilean Foreign Affairs minister Ignacio Walter standing next to Japanese Ambassador in Santiago Jaime Ogawa said that in spite of the Fujimori case, diplomatic relations are going through an “excellent moment” and announced significant advances in the bilateral free trade treaty negotiations.

• Friday, November 11th 2005 - 20:00 UTC

  Fisheries: Breaking News

  Headlines:
  Spanish fishing fleet down 15,7% in four years; 22.000 tons of hake in a month; Argentina unifies hake 3Q and 4Q quotas; Japanese/Argentine squid research cruise;
  Eco-labelling guidelines become effective.

• Thursday, November 10th 2005 - 20:00 UTC

  Growing pessimism for the WTO Hong Kong summit

  Trade talks ahead of the crucial World Trade Organization, WTO, Hong Kong December meeting have ended in stalemate with United States and the European Union representatives admitting pessimism about future advances in cutting trade barriers.

• Thursday, November 10th 2005 - 20:00 UTC

  China the leading economic power by 2040

  China's sustained economic expansion will have overtaken United States as the world's leading economic power by mid century forecasted experts meeting in Rio do Janeiro for a seminar on the strategic and economic implications of China's ascension.

• Thursday, November 10th 2005 - 20:00 UTC

  Argentina and Mexico agree relations are “excellent”

  Diplomatic heat between Argentina and Mexico triggered by verbal exchanges from presidents Nestor Kirchner and Vicente Fox soothed Wednesday following a joint release from both Foreign Affairs ministries describing the bilateral relation as “excellent”, trusting links will continue to strengthen in all fields.

• Thursday, November 10th 2005 - 20:00 UTC

  Brazilian industrial production slowing down

  Brazilian industrial production dropped 2% last September compared to August and 0,7% in the third quarter against the second quarter according to the latest release from the Brazilian Geography and Statistics Institute, IBGE.