Paraguay

• Tuesday, May 8th 2012 - 02:06 UTC

  Mercosur “needs to be reborn” with an honest integration spirit, says Cardoso

  

  Brazilian former president Fernando Henrique Cardoso said that Mercosur “needs to be reborn but with a real integration spirit among its members” leaving behind such ambitions as the mirror of the European Union.

• Thursday, April 26th 2012 - 23:34 UTC

  Russia and Brazil main buyers of Paraguayan beef in spite of FMD

  

  Paraguay refrigerated beef exports to Brazil soared 202% during March compared to a year ago and is turning the giant neighbour into the main partner for the item replacing Chile, which ceased purchases following an outbreak of Foot and mouth disease a few months ago.

• Tuesday, April 17th 2012 - 20:04 UTC

  IMF estimates less growth (3.5%) and higher prices (7.4%) for Uruguay in 2012

  

  Uruguay growth estimate has been downed for 2012 while prices will be higher, according to the latest IMF World Economic Outlook released on Tuesday. The economy is set to grow 3.5% down from 4.2% while prices will climb to 7.4% compared to the 6.5% estimate of the previous WEO last September.

• Wednesday, April 11th 2012 - 06:38 UTC

  Paraguayan economy forecasted to suffer a strong contraction this year

  

  The economy of Mercosur junior member Paraguay, is set to remain flat or even suffer a slight contraction in 2012 after several years of sustained growth announced on Tuesday the country’s central bank.

• Wednesday, March 21st 2012 - 04:41 UTC

  Next Mercosur summit in Mendoza, June 26/28; Brazil takes the relay

  

  The next Mercosur presidential summit is scheduled to take place next 26/28 June in the city of Mendoza, when the rotating chair will be handed for the following six months to Brazil.

• Sunday, March 18th 2012 - 19:59 UTC

  Paraguay calls on Argentina for “reflection and dialogue” regarding trade restrictions

  

  The Paraguayan government called for “reflection and dialogue” from the Argentine government in order to find a solution to the commercial restrictions in place on imported products, “we don’t need any more walls”.

• Sunday, March 18th 2012 - 19:48 UTC

  Unasur supports Argentine Malvinas and call on UK to resume negotiations

  

  Foreign ministers from the Union of South American Nations (UNASUR) reaffirmed their support for Argentina over the Malvinas Islands sovereignty dispute at the annual meeting held in Asunción, Paraguay.

• Saturday, March 17th 2012 - 06:13 UTC

  EU/Mercosur will exchange market access proposals when Brazil chairs the round

  

  The European Union and Mercosur concluded Friday in Brussels the eighth round of negotiations for a free trade agreement with the commitment to begin exchanging market access proposals at the next meeting.

• Friday, March 9th 2012 - 22:52 UTC

  Mercosur tourism industry had a turnover of 15 billion dollars in 2011

  

  The Mercosur tourism industry had a turnover of 15 billion dollars last year with the Brazilians providing the largest number of tourists to the group’s associates, according to a report from neighboring countries representatives presented at the International Tourism Bourse in Berlin.

• Tuesday, March 6th 2012 - 05:03 UTC

  Paraguay exports to Argentina plunge 70%; ‘mirror’ countermeasures considered

  

  Mercosur junior member Paraguay that is suffering the Argentine restrictions on imports and has seen its February exports plummet 70% is planning ‘mirror’ countermeasures but emphasizing on those products with greater impact for Argentina and lesser for Paraguay.