
Uruguay's deputy foreign minister Jose Luis Cancela said that if Uruguay had not complied with the other Mercosur three founding members' joint declaration ignoring Venezuela's presidency and demanding it complies with the group's legislation and treaties, Mercosur would have been launched into a period of full paralysis.

Falkland Islands oil explorer Rockhopper Exploration Plc has confirmed cost cuts at its Sea Lion project, which will reduce the scheme´s break-even price to US$ 45 a barrel. Capital investment at Sea Lion to reach first oil is now estimated at US$ 1.5bn.

Seed and chemical giants Bayer and Monsanto said on Wednesday that they will merge to become one of the world’s biggest agriculture giants, a 66 billion-dollar mega-deal that could reshape the future of farming and enhance their influence over the planet’s food supply.

The Falkland Islands Government (FIG) welcomed the UK/Argentina future cooperation agreement to remove all obstacles limiting the economic growth and development of the Falkland Islands and points out it will be represented at future discussions on these matters, the removal of sanctions on hydrocarbons, fisheries, shipping and tourism, and underlines that sovereignty of the Falkland Islands will not be part of these discussions.

The Falkland Islands Government (FIG) has welcomed the agreement made between the Argentine and United Kingdom Governments, laid out under this morning’s joint statement. Speaking to the media, Members of the Falkland’s Legislative Assembly stated they “looked forward to a better relationship with Argentina”, especially in the areas of hydrocarbons, fisheries, shipping and tourism.

The chapter on the South Atlantic establishes that the 1989 formula on sovereignty of the Falklands will not be affected and that the appropriate measures will be taken to remove all obstacles limiting the economic growth and sustainable development of the Islands

The Minister of State for Europe and the Americas, Foreign and Commonwealth Office, Sir Alan Duncan, visited Argentina on 12 and 13 September. The principal reason for the visit was to enhance bilateral consultations with the Argentine Foreign Ministry and attend the Business and Investment Forum organised by the Argentine Government.

The British Government and the Government of Argentina have agreed to an improved relationship through closer co-operation on areas of mutual interest, including on trade, security and the South Atlantic. A UK-Argentine joint statement has been agreed and released on Tuesday 13 September, following a series of high level meetings in Buenos Aires with Sir Alan Duncan - the first Foreign Office Minister to visit Argentina since 2009.

Mercosur full members are working on a resolution calling on Venezuela to comply with all rules, regulations and international treaties of the block, which should be incorporated by next December, and if not the country could lose its membership, according to Uruguayan foreign minister Rodolfo Nin Novoa.

Argentine president Mauricio Macri described as a “gesture” the attendance of Foreign Office minister Alan Duncan at the Business and Investment forum in Buenos Aires, and anticipated that UK and Argentina are preparing a bilateral meeting next week in New York on the sidelines of the annual UN general assembly to address all issues including Falklands/Malvinas.