Mercosur

• 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.

• Tuesday, December 20th 2016 - 08:19 UTC

  Macri and Bachelet agree on a Mercosur-Pacific Alliance meeting in first half of 2017

  

  Argentina and Chile agreed to organize a major Mercosur, Pacific Alliance trade blocks' meeting during the first half of 2017. Last Friday Chilean president Michelle Bachelet and her cabinet were in Buenos Aires with peers Mauricio Macri and ministers as part of an agenda of regular meetings to address a joint agenda.

• Thursday, December 15th 2016 - 02:32 UTC

  Venezuela definitively spoils Argentina's Mercosur taking-chair ceremony

  

  If Venezuela's intention was to spoil Argentina's ceremony as the new holder of Mercosur pro tempore chair for the next six months, they certainly managed. A low key event at foreign ministers level, instead of a presidential summit, was briefly interrupted by the uninvited attendance of Venezuelan foreign minister 'Delcy Rodríguez' who turned up in Buenos Aires to protest what Caracas considers a Mercosur confabulation against Venezuela, suspended from the block since last 2 December.

• Wednesday, December 14th 2016 - 18:02 UTC

  Chaotic Mercosur: Venezuelan minister turns up in Buenos Aires but Malcorra asks Rodriguez not to attend

  

  In what is turning into a Caribbean soap opera, Venezuela's foreign minister Delcy Rodriguez, with Bolivia's David Choquehuenca, on Wednesday morning turned up at Argentina's foreign ministry pretending to participate in an extraordinary Mercosur council meeting, to which she had not been invited since Venezuela is officially suspended from the group.

• Wednesday, December 14th 2016 - 09:21 UTC

  Yesterday Colombia, now Venezuela closes border with Brazil

  

  The government of President Nicolas Maduro government closed the border with Brazil for 72 hours for the same reason it had taken the same measure with Colombia: money smuggling, Brazilian local authorities and residents of southern Venezuela who routinely cross to Brazil where they can make transactions in bolivars confirmed.

• Wednesday, December 14th 2016 - 08:32 UTC

  Maduro/Vazquez address Mercosur conflict; 'uninvited' Venezuelan minister expected in Buenos Aires

  

  On the eve of Argentina becoming the next chair of Mercosur, Venezuelan president Nicolas Maduro revealed he held an hour long video conference with his Uruguayan peer Tabare Vazquez and they both agreed in building a path “to channel the current conflict”, which has Venezuela suspended from the group, but is rejected point blank by Caracas.

• Tuesday, December 13th 2016 - 10:32 UTC

  Argentina ready to take Mercosur chair: priority is the trade accord with Europe

  

  Argentina's priority as chair of Mercosur which it will officially take over this week will be to advance negotiations with the European Union for a wide ranging trade agreement which will not include Venezuela, anticipated foreign minister Susana Malcorra .

• Tuesday, December 13th 2016 - 08:49 UTC

  First loan for an Andes tunnel to connect Argentina with Chile as part of Mercosur road net

  

  The Inter-American Development Bank (IDB) has approved a US$40 million loan that will allow for bidding to begin for the Agua Negra tunnel, which will connect San Juan province in Argentina with that of Coquimbo in Chile. The tunnel is key to improving trade integration between the two countries and the rest of Mercosur through a new corridor that will connect the Atlantic and the Pacific from Porto Alegre, Brazil, west to Coquimbo, Chile.