Mercosur

Wednesday, December 20th 2017 - 10:22 UTC
CMA-CGM take over Mercosul Line from Maersk Line

The transfer of ownership of Mercosul Line from Maersk Line to CMA CGM. (Maritime Freighting Company-General Maritime Company), was completed on Friday. Mercosul is a leading player in Brazil's domestic container shipping market, with a fleet of four container vessels and around 290 people employed.
Friday, December 15th 2017 - 14:53 UTC
Brazilian beef exporters expect a record year in 2018: 1.68 million tons

Brazilian beef exporters expect shipments to grow 10% in 2018 after rising an estimated 9% this year despite corruption and food safety scandals that temporarily closed off major markets. Trade group Abiec on Thursday said Brazil, the world’s largest beef exporter, would likely sell 1.68 million tons of beef abroad next year, up from 1.53 million tons in 2017. Revenue is expected to rise about 11% to US$6.9 billion in 2018, after a 13% rise this year to US$6.2 billion.
Friday, December 15th 2017 - 01:40 UTC
Brazilian police raids offices and homes of two members of Congress

Brazilian police raided the offices and homes of two members of Congress on Wednesday in the country’s latest corruption probe as the government makes a last-ditch effort to vote on an overhaul of the national pension system.
Thursday, December 14th 2017 - 05:53 UTC
Mercosur/EU accord will have to wait until 2018; Europe needs more time to assess latest proposal

Negotiations for a trade deal between the European Union and Mercosur will extend into next year, officials from both sides said on Wednesday, after the Europeans asked for more time to analyze proposed changes.
Wednesday, December 13th 2017 - 08:03 UTC
Mercosur/EU ever so close but the accord has yet to be grasped, maybe 2018

The talks between the European Union and Mercosur will likely extend into next year after European negotiators said they needed more time to respond to improved offers, a source from Mercosur negotiators said on Tuesday.
Tuesday, December 12th 2017 - 10:34 UTC
Mercosur/EU hurdles remain, and a deal announcement might not be reached this week

Free-trade talks between the European Union and Mercosur still face hurdles over beef and ethanol, and an expected deal announcement this week might not happen, officials involved in negotiations admitted on Monday. Mercosur diplomats on the sidelines of the World Trade Organization ministerial meeting in Buenos Aires said EU officials had not presented improved offers on EU tariff-free imports for beef and ethanol as promised.
Tuesday, December 12th 2017 - 09:02 UTC
Irish and French argue “a win for Mercosur in agriculture is a loss for EU farmers”

Irish MEP and vice-president of the European Parliament Mairead McGuinness is representing the European Parliament at the ministerial assembly on the World Trade Organization (WTO) in Argentina, which began on Sunday, and has warned that rushing towards a Mercosur/European Union deal would jeopardize the EU beef industry.
Monday, December 11th 2017 - 04:57 UTC
Mercosur/EU closer to an agreement but differences on new farm proposal remain undecided

The European Union’s farm chief pressed Mercosur countries to offer market access for EU wines, spirits, olive oil and dairy goods to help seal a free-trade agreement that has been in the works for two decades.
Saturday, December 9th 2017 - 19:51 UTC
Brazilian auto industry recovering above expectations

Auto sales in Brazil are likely to beat prior forecasts and accelerate next year, national automakers association Anfavea said on Wednesday, underscoring the gathering strength of a recovery in Latin America’s largest economy.
Saturday, December 9th 2017 - 19:12 UTC
Brazilian economy gradually picking up with growing confidence from investors

Brazil’s economic recovery gained traction in the third quarter, supported by steady family consumption and a rebound in investment. GDP expanded 0.1% from the second quarter and 1.4% from the previous year, the national statistics agency said.