Mercosur

• Friday, June 21st 2024 - 23:04 UTC

  Argentina records historic foreign trade surplus

  

  Argentina recorded a historic foreign trade exchange surplus of US$ 2.656 billion in May, Argentina's Trade Exchange (ICA) reported Thursday in Buenos Aires. The new figures surpassed the previous record of US$ 2.543 billion from May 2009. So far in 2024, Argentina has accumulated a balance of + US$ 8.8 billion.

• Thursday, June 20th 2024 - 19:17 UTC

  Montevideo remains the most expensive city in the region

  

  Montevideo remained South America's most expensive place to live according to the Mercer Ranking released this week, closely followed by Buenos Aires, a place that has been moving up fast since President Javier Milei's Dec. 10, 2023, inauguration. The list helps multinational employers plan their strategies regarding compensations and other expenses, it was explained. Hong Kong stayed at the top, followed by Singapore, and Sitzerland's Zurich, Geneva, and Basel.

• Monday, June 10th 2024 - 09:19 UTC

  Mercosur signs AMIA declaration against terrorism

  

  Dignitaries from all South American Common Market (Mercosur) nations gathered in Asunción last week to sign a declaration against terrorism which was named after the Argentine Israelite Mutual Association (AMIA) in Buenos Aires just a month before the 30th anniversary of the bombing of its headquarters on July 18, 1994, killing 85 people and leaving some 300 wounded.

• Saturday, June 8th 2024 - 10:10 UTC

  Alckmin underlines China's importance for Brazil

  

  In an interview with Brazilian reporters during his Chinese trip, Vice President Geraldo Alckmin underlined the importance of the China-Brazil High-Level Coordination and Cooperation Committee (COSBAN).

• Tuesday, June 4th 2024 - 08:58 UTC

  Uruguay to prioritize Mercosur's ties with China

  

  Uruguay's Foreign Ministry Omar Paganini anticipated that revitalizing dialogue with China will be a main priority once his country takes over the pro-tempore presidency of the South American Common Market (Mercosur) on July 8.

• Monday, June 3rd 2024 - 10:29 UTC

  Mercosur and Celac heads exchange views in San Salvador

  

  Presidents Santiago Peña of Paraguay and Xiomara Castro of Honduras, who also chair the Southern Common Market (Mercosur) and the Community of Latin American and Caribbean States (Celac) respectively, got together while in San Salvador during Nayib Bukele's new inauguration as President of El Salvador to discuss “issues related to how to promote a joint agenda,” it was reported.

• Saturday, May 25th 2024 - 10:57 UTC

  Brazil's growing concern with Argentine recession as exports and a trade surplus turn negative

  

  Brazil is deeply concerned with the declining trade export volumes to Argentina, which while last year expanded 8,9% in the first four months of 2024 have fallen 29,9%, and experts wonder if the Mercosur partner finally recovers from its current recession, will it continue on trusting a bilateral relation or appeal to China, US, or Europe.

• Tuesday, May 21st 2024 - 20:38 UTC

  Taiwanese company gets deal to build electric buses in Paraguay

  

  Paraguayan authorities signed a memorandum of understanding with Taiwan's Master Transportation to produce electric buses for the South American country. The arrangements were made during President Santiago Peña's tour of the Island with Industry and Commerce Minister Javier Giménez, who signed on behalf of the visiting delegation. Company President Ting-Fa Wu represented the producers of the DMIT e-Bus.

• Tuesday, May 21st 2024 - 10:50 UTC

  France and Germany split over the EU–Mercosur trade pact

  

  By Oliver Pieper - The free trade deal between the European Union and the South American trade bloc Mercosur could become the world's largest agreement, involving a market of a total of 780 million people. But in late March, French President Emmanuel Macron not only described it as “a very bad agreement,” he even suggested it should be “left behind” and called for “a new agreement.”

• Monday, May 13th 2024 - 10:55 UTC

  Milei and Lacalle Pou will meet eventually despite not sharing identical views, says Adorni

  

  Argentina's Presidential Spokesman Manuel Adorni said in an interview with Montevideo's El País that Presidents Luis Lacalle Pou and Javier Milei had different points of view regarding the State's role in each country's economy. The official also addressed the delay in materializing an encounter between both heads of state despite the short geographical distance separating them.