The Latin America and Caribbean (LAC) region has entered a new phase of weak economic performance, but increased integration in international trade and global value chains could reinvigorate economic growth.
On Sunday 27 October the Uruguayan electorate will be voting for a new president (there is no immediate reelection) and a renewed Legislative, 30 Senators and 99 Lower House members. Uruguay is one of the more stable countries in the region, both it's solid institutions as well as its citizens who are deeply committed to democracy, social rights and a strong presence of government in the economy.
South Korea’s trade ministry said on Monday it plans to hold the fourth round of trade talks with Mercosur as Seoul aims to expand its trade network with emerging countries and revitalize its ailing exports.
Argentine President Mauricio Macri defended the trade agreement of Mercosur with the European Union, as part of his government's strategy to open Argentina to the world, demanded Iran cooperates with the judicial system to help clear the 1994 AMIA attack in Buenos Aires, condemned the Venezuelan dictatorship of president Nicolas Maduro and called on the United Kingdom for dialogue on the Falklands/Malvinas dispute, although reaffirming his country's “legitimate and imprescriptible sovereignty rights” over the South Atlantic Islands.
Austria's Parliament Wednesday voted to veto the treaty between Mercosur and the European Union, a decision which will stop the enactment of the agreement reached after over 20 years f negotiations.
Canada will continue its trade negotiations with Mercosur, the South American trading bloc that includes Brazil, despite demands to call a halt to the talks until more action is taken to protect the Amazon rainforest.
The European Union Council president Donald Tusk said it was hard to imagine the bloc ratifying its trade pact with Mercosur as long as Brazil fails to curb the fires ravaging the Amazon rainforest. The EU stands by the EU-Mercosur agreement, Tusk told reporters at a G7 meeting in Biarritz in southern France.
South American trade block Mercosur reached a free trade agreement with four European countries, Argentine officials and Brazil's President Jair Bolsonaro said after talks in Buenos Aires.
Brazil will pull out of the Mercosur trade bloc if the opposition party wins Argentina’s presidential elections later this year and closes the economy with protectionist policies, Brazil’s Economy Minister Paulo Guedes said on Thursday.
French anti-government protesters put up a large poster of Jean-Baptiste Moreau, one of President Emmanuel Macron's farming experts, with the word “Wanted” on it outside a local government building on Tuesday, as anger over recent trade deals escalates.