Mercosur

• Thursday, May 27th 2004 - 21:00 UTC

  Lula announces China-Mercosur talks.

  Brazilian president Luiz Inacio Lula da Silva announced that Mercosur and China would begin in the near future talks to reach a free trade agreement.

• Thursday, May 27th 2004 - 21:00 UTC

  Spanish investors “delighted” with Chile.

  Chilean president Ricardo Lagos on an official visit to Spain said the controversy between Spanish investors and members of his cabinet was over and emphasized it was part of the “rules of the game” in a democracy with open markets.

• Thursday, May 27th 2004 - 21:00 UTC

  EU: Mercosur trade proposal “insufficient”.

  The European Commission considered the improved offer for trade liberalization presented by Mercosur this week in Brussels as “insufficient” and not “as ambitious” as the EU would have expected.

• Thursday, May 27th 2004 - 21:00 UTC

  Complete squid ban in Argentina.

  INIDEP (Argentina's Fisheries Research and Development Institute) has recommended Argentine Fisheries authorities to establish a squid catch ban to the north of parallel 44 South, and a decision is imminent, according to local internet reports from Mar del Plata.

• Wednesday, May 26th 2004 - 21:00 UTC

  Record unemployment in Brazil

  Unemployment in Brazil during April reached a record 13,1%, the highest since the index was started in October 2001, reports the Brazilian Geography and Statistics Office, IBGE. Unemployment in March was 12,8%.

• Wednesday, May 26th 2004 - 21:00 UTC

  Brazil admits higher inflation

  The Brazilian government admitted this week that inflation in 2004 will be above the 2004 target of 5,5% According to the latest estimates from the Finance Ministry, the Consumer Price Index will reach 6,37% this year.

• Tuesday, May 25th 2004 - 21:00 UTC

  Brazil and China “strategic alliance”

  Brazil and China emphasized this Monday in Beijing their commitment to a bilateral “strategic alliance”, called for “a more democratic and representative global system” and signed ten agreements covering trade and cooperation in different fields.

• Tuesday, May 25th 2004 - 21:00 UTC

  Magallanes fish exports stalled

  The stoppage declared since last Wednesday by staff from the Chilean Fisheries National Service, Sernapesca, is complicating and delaying fisheries exports from Magallanes Region, according to Punta Arenas companies and unions.

• Tuesday, May 25th 2004 - 21:00 UTC

  Chile's import tariff averages 2,4%

  The tariff reductions agreed by Chile in the several trade accords reached with United States, European Union among others, is forcing the average effective import tariff to continue decreasing, having reached 2,4% last March

• Monday, May 24th 2004 - 21:00 UTC

  Magallanes exports increase 18%

  In spite of suffering a 1% economic contraction in the first quarter of this year, compared to the same period in 2003, Magallanes Region exports jumped 18%, according to the latest release by the Regional Chilean Finance Ministry Representative and the National Statistics Office.