Brazil will allow Paraguay to openly sell to Brazilian energy distributing companies its surplus share of the power generated by the Itaipú dam, the largest of its kind in the Americas.
This coming week’s Mercosur presidential summit in Paraguay will convene eight South American leaders, announced Paraguayan Foreign Affairs minister Hector Lacognata during a press conference Saturday in Asuncion.
The approval of the new composition for the Mercosur Parliament scheduled to be agreed later this month at the group’s presidential summit in Paraguay could be postponed given conflicting interests on supra-national decisions.
A Paraguayan delegation of government officials and private sector representatives will be travelling to China in the near future to begin conversations for the formal establishment of trade relations with Beijing, announced the country’s Foreign Affairs minister Hector Lacognata.
Mercosur asymmetries in power generation are overwhelming and almost absurd, with Paraguay the main power exporter in South America unable to dispose of its energy surplus, claimed Ricardo Canese, member of the Mercosur Parliament in representation of Paraguay.
Mercosur Foreign Affairs and Economy ministers will be meeting Tuesday in Asuncion, Paraguay in the framework of the Common Market Group to discuss trade barriers and try to unwind several issues.
President Fernando Lugo reiterated Friday that Paraguay did not yield and will not yield “energy sovereignty” claims for power generated from South America’s largest hydroelectric dam Itaipu which it shares with neighbouring Brazil.
Paraguayan president Fernando Lugo opened Wednesday in Asuncion the world conference on “Foot and Mouth Disease; the way towards global control” organized by FAO and the World Organization for Animal Health, OIE.
The Mercosur presidential summit has been postponed for July 24 and 25 it was reported Monday from Asunción, Paraguay, the host of the event. Three of the four full members of the trade group, Argentina, Brazil and Uruguay, proposed the change from the original July 3 and 4 arguing political and electoral reasons.
Paraguay meat exports totaled 245 million US dollars in the first five months of the year, which represents a 25% decline compared to the same period a year ago (328 million US dollars), according to the latest official reports.