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Montevideo, April 26th 2025 - 04:58 UTC

Mercosur

  • Monday, August 15th 2016 - 12:21 UTC

    Mercosur Montevideo 23 August meeting to decide sanctions on Venezuela

    Paraguay's deputy minister Gauto has said Venezuela has not complied with 200 rules, regulations and protocols it should have completed on 12 August deadline

    The coordinators of Mercosur founding members will decide next 23 August at a meeting in Montevideo on the legal measures to be applied on Venezuela, which self proclaimed itself the presidency of the group and is also questioned for not complying with the rules and regulations to be incorporated to the group. In that case Venezuela could lose its full member status.

  • Monday, August 15th 2016 - 07:09 UTC

    Mercosur-India talks expected to expand preferential trade agreement

    “We are largely interested in exporting processed foods and electronics to Mercosur”, said Sachin Chaturvedi, head at the Ministry of External Affairs

    India has begun the process of expanding its preferential trade agreement with the Mercosur trade bloc, opening its market more to South America and negotiations are expected to start in a month or two. The number of products on which tariff concessions is given is likely to increase to more than 3,000 from 450 at present with more agricultural products getting covered in the pact.

  • Monday, August 15th 2016 - 06:39 UTC

    Falklands/Malvinas: Malcorra confirms new dialogue with UK in a raft of issues

    “We have a relation with the UK that goes beyond the Malvinas issue” but also a  deep disagreement and president Macri has told this to ex PM David Cameron

    Argentina is at the beginning of a new dialogue on the Malvinas issue with the current UK government and this includes air links, hydrocarbons, identifying Argentine graves remains in Falklands, a possible meeting of the two countries' leaders in China, but none of this will happen overnight or make media headlines, anticipated foreign minister Susana Malcorra.

  • Thursday, August 11th 2016 - 17:53 UTC

    Falklands discards air links with Argentina and iterates London pledge to support hydrocarbons development

    A copy of the letter sent by PM Theresa May to president Mauricio Macri as reported in the Argentine press

    The Falkland Islands government has made a public statement pointing out that the UK Government has been open and transparent with FIG about how it would like to improve the bilateral relationship with Argentina but ”has made it clear that this will not include negotiations on the sovereignty of the Falkland Islands.”

  • Thursday, August 11th 2016 - 16:40 UTC

    “Moment of truth” for Venezuela's standing in Mercosur

    The Nicolas Maduro government still has yet to incorporate 400 rules and regulations plus 50 accords to be considered a full member of Mercosur

    Brazil, Argentina and Paraguay are waiting to see what happens on Friday, 12 August, when Venezuela has to prove that it has complied with all the pending requirements to confirm its Mercosur full membership condition dating back to 2012.

  • Thursday, August 11th 2016 - 16:35 UTC

    Venezuela's attitude not helping to resolve the Mercosur situation, claims Uruguay

    “From our point of view Venezuela has not committed an institutional rupture, but it certainly not helping much to solve the situation” said Nin Novoa

    “Venezuela is not helping much to resolve” the unprecedented situation of Mercosur, said Uruguay's foreign minister Rodolfo Nin Novoa in reference to Venezuela's self proclaimed presidency of the group and which is rejected point blank by Brazil, Argentina and Paraguay who consider the post vacant.

  • Thursday, August 11th 2016 - 06:14 UTC

    Pacific Alliance members invite Uruguay to sign free trade agreements

    Uruguay has been invited by Colombia and Peru to conform a free trade area and update and improve the current treaty with Mexico, Nin Novoa revealed

    Uruguay, a founding member of Mercosur has been invited by Pacific Alliance members Colombia and Peru to update and expand commercial agreements with the two countries and turn them into a free trade treaty, foreign minister Rodolfo Nin Novoa revealed during a hearing in Congress to analyze the current situation in Mercosur.

  • Wednesday, August 10th 2016 - 15:49 UTC

    Brazilian Senate votes to impeach Rousseff, and Temer could cease to be “interim” president

    The Senate needed just a simple majority to decide on taking Rousseff to trial, but a two-thirds majority will be needed in the final vote, after the trial in late August.

    Brazilian Senate has voted to begin the impeachment trial of embattled President Dilma Rousseff, a move that could officially hand over power to her former vice president – current interim president – Michel Temer. The impeachment trial is expected to open around August 25 - four days after the Olympics finish - and go on for five days, ending with a vote in judgment.

  • Wednesday, August 10th 2016 - 05:24 UTC

    Venezuela as Mercosur full member faces deadline: Friday 12 August

     “We´re waiting to see what happens this Friday, deadline for Venezuela to show it has complied with conditions to enjoy full membership of Mercosur”, said Loizaga

    Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.

  • Wednesday, August 10th 2016 - 03:54 UTC

    Falklands 2014 and 2015 business climate surveys “very good”, but 2016 prospects aren't so rosy

    The Business Climate Survey is undertaken by the Falklands Islands Development Corporation, FIDC, with support from the Falklands Chamber of Commerce

    The Falklands Business Climate Survey strongly suggests that 2014 and 2015 were two very good years for the Islands economy and its business community, which translated in profits and higher levels of turnover, particularly 2015. However survey respondents predictions for this year and onwards aren't as rosy with many businesses anticipating lower turnover and investments, but not necessarily profits, while the overall average rating for the Islands' economy weighed between “average” and “good”.