
The Mercosur face-to-face presidential summit scheduled for 26th March originally planned to take place in Argentina that currently holds the rotating chair of the block, will be held online because of the sanitary situation in the region.

Argentina pledged on Thursday to manage Bolivia's entry into Mercosur, after both countries relaunched their trade relationship during the official visit of the Argentine Foreign Minister, Felipe Solá, who sees the need to approve the full entry of the Andean country at the next Mercosur summit to be held on March 26.

Austria’s coalition government has confirmed it will block the landmark EU-Mercosur trade agreement – which should create the biggest free-trade area in the world – saying it goes against the EU’s environmental ambitions set out in the European Green Deal.

The shipping company Maersk expects world trade to grow by 3% or more in 2021. The company sees global trade recovering, but there is still a lot of uncertainty about the size of the impact of Covid-19 on the world economy in 2021. So it is implementing a global strategy that positions it for growth in several countries, including Mercosur members.

The former Uruguayan president José “Pepe” Mujica criticized the government of Luis Lacalle Pou and assured that the Covid-19 pandemic “helped” to improve his image. ”The pandemic is white (in reference to the color of the ruling party)“ and ”brought a big help“ to the government, said the former president in a radial interview on Wednesday. ”He has no responsibility, but he positioned himself well in the situation and knew how to take advantage of it”, he assured.

There is no chance at the moment that France will ratify a free-trade deal between the European Union and the Mercosur group, an official at the presidential palace in Paris said on Monday.

Uruguay and Paraguay presidents, Luis Lacalle Pou and Mario Abdo Benítez will be holding an open agenda meeting on Wednesday in the Uruguayan international seaside resort of Punta del Este, where the Paraguayan leader arrived late Tuesday.

A new poll shows that the grand majority of Europe’s people favors implementing effective protections of the Brazilian Amazon, ending deforestation there, before the EU agrees to ratify the free trade agreement with Mercosur (composed of Brazil, Argentina, Paraguay and Uruguay).

Brazilian economy minister Paulo Guedes announced on Thursday that pandemic emergency cash payments to the vulnerable will be extended, but with compensating cost-cutting measures to avoid bankrupting public finances.

Mercosur/European Union trade agreement signing delayed because of a demand from France for guarantees referred to as “environmental and health standards” from country members of the South American block.