Mercosur

• Friday, December 9th 2016 - 10:01 UTC

  Brazil and Argentina agree to open Mercosur to the world and expand trade horizons

  

  Brazil and Argentina foreign ministers agreed on Thursday in Brasilia that Mercosur must open to the world and expand its trade horizons, but it will have to be done without Venezuela which has been currently “ceased” from the block. Jose Serra and Susana Malcorra coincided that Mercosur must speed the trade agreement with the European Union taking advantage of the fact US elected-president Donald Trump has pledged to limit such treaties.

• Saturday, December 3rd 2016 - 09:19 UTC

  Venezuela suspended from Mercosur - Maduro's Foreign Minister says it did not happen

  

  The founding Mercosur countries Friday suspended Venezuela from full membership of the free-trade bloc in view of its failure to adjust its domestic regulations to economic agreements and human rights and immigration guidelines and principles that are mandatory to all the other members.

• Friday, December 2nd 2016 - 10:43 UTC

  Brazilian sources say Venezuela's suspension from Mercosur to be announced Friday

  

  Nicolas Maduro's Venezuela has been suspended from the Mercosur regional trade bloc for failing to meet its membership requirements, a Brazilian government source revealed Thursday. And the official announcement is to be made Friday, which could not be corroborated in Buenos Aires' diplomatic circles.

• Thursday, December 1st 2016 - 18:26 UTC

  Temer admits Brazil “lacks solid institutions”, but foreigners are eager to invest in the country

  

  President Michel Temer said that “Brazil doesn’t have solid institutions” and that is why, “small factoids” menace the country’s institutional framework. Temer made such statements during an event Monday evening with private businessmen.

• Thursday, December 1st 2016 - 18:12 UTC

  Petition to impeach President Temer mostly symbolic but erodes his political standing

  

  Brazilian opposition party filed a petition for the impeachment of President Michel Temer, underlining the growing difficulties facing the centre-right leader as he tries to introduce austerity reforms.

• Thursday, November 24th 2016 - 20:14 UTC

  Mercosur talks: No summit and Argentina will take over on December 14 rumoured

  

  The presidency of the Southern Common Market (Mercosur) in supposedly in the hands of Venezuela, who is said to have been suspended from full membership for failing to comply with the bloc's statutes.

• Wednesday, November 23rd 2016 - 16:54 UTC

  Maduro warns Mercosur: “... take us out the door, we go back in through the window”

  

  Venezuelan President Nicolás Maduro said Tuesday that no one will be able to remove his country from the Southern Common Market (Mercosur), although the bloc's founders are considering a suspension for failure to fulfill commitments as an “Associate State.”

• Wednesday, November 23rd 2016 - 16:39 UTC

  Argentina and UK to work jointly in scientific research and exchange of experts

  

  Argentina and the United Kingdom will sign this Wednesday an accord by which the two countries scientific societies will be working jointly in research projects and promoting an active exchange of scientists, as part of the recent joint statement signed last September, revealed Science and Technology minister José Lino Barañao currently in London.

• Wednesday, November 23rd 2016 - 15:16 UTC

  Argentina's tax amnesty program “rescues” US$ 21.9bn including US$ 7.2bn in cash

  

  Argentines have so far declared US$21.9 billion in previously hidden assets in the country's tax amnesty program meant to help jump-start the economy, Alberto Abad, director of the AFIP tax collection agency, said on Tuesday. That included US$7.2 billion in cash deposits, Abad said.

• Wednesday, November 23rd 2016 - 15:07 UTC

  Prosecution warns Congress planning to shut down Petrobras investigation: “the corrupt have a lot of power”

  

  The top prosecutor in Brazil's biggest ever corruption investigation has called on the public to rally around the operation in the face of attempts to shut it down. There are fears that Congress while passing anti corruption measures would also include in an unofficial amnesty for existing cases.