Mercosur

• Monday, February 13th 2017 - 09:20 UTC

  Mercosur/EU technical discussions in Brussels ahead of Buenos Aires meeting

  

  Mercosur representatives will be meeting their European Union counterparts this week, beginning Monday, in Brussels in anticipation of another round of trade and cooperation discussions scheduled for March in Buenos Aires. Mercosur members, under the coordination of Argentina, which currently holds the group's chair are attending with a common position reached after several days of videoconferences.

• Saturday, February 11th 2017 - 07:36 UTC

  Mercosur meeting in March to address internal tariffs and Mexico

  

  Mercosur foreign ministers will be meeting next March 9 in Buenos Aires in the framework of Argentina's pro tempore chair and following on the Argentine/Brazilian presidents recent meeting when it was decided to give the group a new thrust taking advantage of the new world scenario.

• Thursday, February 9th 2017 - 20:41 UTC

  Uruguay's budget deficit 4% of GDP in 2016, worst performance since 1989

  

  Uruguay's budget deficit reached 4% of GDP during 2016, equivalent to US$ 2.043bn, the worst performance since 1989, according to the latest figures released by the government's stats office, INE. The previous year, 2015 ended with a budget deficit of 3.6% of GDP, which also set a record only comparable to 2002 (3.7%), when Uruguay underwent one of its most challenging financial meltdowns in decades.

• Wednesday, February 8th 2017 - 08:02 UTC

  Macri and Temer agree to open Mercosur and to closer ties with Mexico

  

  The leaders of Brazil and Argentina said on Tuesday they would pursue closer ties with Mexico and other Latin American nations alarmed by U.S. President Donald Trump's promises to tear apart trade deals and build a wall in the Mexican border to protect American jobs.

• Monday, February 6th 2017 - 22:08 UTC

  Uruguayan president and business delegation begin tour of Germany, Finland and Russia

  

  Uruguayan president Tabare Vazquez, six cabinet ministers and a numerous business delegation begin on Monday a two weeks official tour of Germany, Finland and Russia to increase political and trade links, particularly in the “new international scenario” and hopefully advancing in locking the long delayed accord between the European Union and Mercosur.

• Saturday, February 4th 2017 - 06:47 UTC

  Temer and Macri meet next week to make Mercosur an effective free trade space

  

  Brazil and Argentina will attempt to eliminate trade barriers which limit or impede Mercosur trade, ensuring a free trade space, “the sooner the better”, revealed Brazilian diplomats in anticipation of the presidential summit next week, when Mauricio Macri is received by Michel Temer in Brasilia.

• Monday, January 9th 2017 - 10:53 UTC

  Mercosur and EU feel “2017 is a window of opportunity”, but can't find the path despite Brexit and Trump

  

  Negotiations for an ample trade and cooperation agreement between the European Union and Mercosur are strategic, essential and must be urgently concluded, said Ramon Jauregui, head of the Euro-chamber for Latin America delegation, following on the recent accords signed by the EU with Ecuador and Cuba.

• Saturday, December 31st 2016 - 15:20 UTC

  End of controversy? Venezuela says it has “transferred” the Mercosur chair to Argentina

  

  Venezuela announced on Friday that it had transferred the Mercosur pro tempore chair to Argentina, having ended its “legitimate tenure” of the post, although the rest of the block's members had already complied with the formalities two weeks ago when they also decided to suspend the regime of president Nicolas Maduro.

• Monday, December 26th 2016 - 23:37 UTC

  Macri reshuffles economic team after the promised second half recovery never arrived

  

  Argentine President Mauricio Macri on Monday reshuffled his economic team removing finance minister Alfonso Prat-Gay amid a stubborn recession, soaring budget deficit, a discussion on gradualism to address inflation and public opinion deep disappointment with center-right reforms.

• Wednesday, December 21st 2016 - 17:54 UTC

  Construction of first Argentine-built Argentine Navy ship in almost 40 years commences

  

  The Rio Santiago shipyard (ARS) Tuesday began building the first ship for the Argentine Navy in 38 years, it was announced.