Brazil's President Jair Bolsonaro said late Sunday upon departing from Abu Dhabi after a two-day state visit that if the policies of Argentina's next president affect Mercosur's agreement with the European Union (EU), a solution may be to remove the southern neighbours from the bloc.
A possible victory of opposition candidate Alberto Fernández in Argentina's presidential election on Sunday could put the Mercosur trade bloc at risk, Brazil's right-wing president, Jair Bolsonaro, said on Wednesday.
Mercosur aims to conclude free trade agreements Singapore and South Korea by next year, as it also eyes deals with several other Asian countries, a Brazilian diplomat said on Tuesday.
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.