
Leaders of Ireland’s three main parties pledged on Monday to oppose any trade deal with Mercosur countries which could damage Irish exports if EU standards of production are not adhered to, reports the Irish Times.

Uruguay and Argentina are discussing a ‘fast track’ mechanism that will allow Uruguayan exports to have quick access to the neighbour’s market thus avoiding the controversial trade restrictions recently announced by the administration of President Cristina Fernandez de Kirchner and which have surprised Mercosur partners.

Former Peruvian president Alejandro Toledo continues to lead public opinion polls for the April 10 presidential election followed in a tight race by Congress member Keiko Fujimori and the ex mayor of Lima, Luis Castañeda.

Brazil’s economy will pick up speed in 2012, said President Dilma Rousseff on Monday addressing northeast governors concerned that recent announced budget cuts could limit economic activity and support for the area that depends from federal handouts.

Brazil would receive a significant technology transfer if it buys US-made fighter jets, a US Defence Department official said, seeking to ease concerns before Brazil selects a winning bidder.

Brazil’s leading daily Folha de Sao Paulo celebrating its 90th anniversary openly admitted on its Monday edition that in 1964 it supported the military coup that ousted constitutional president Joao Goulart imposing a dictatorship that extended until 1985.

The chief operator from the Ibero-American Secretariat, Spanish born-Uruguayan economist Enrique Iglesias (80) is recovering from a vascular accident and this “will not impede him from retaking normal activities” according to the latest medical reports Monday from the hospital in Montevideo where he is being treated.

Despite the continuing global economic recession in 2009, the total arms sales of the SIPRI Top 100 of the world’s largest arms-producing companies increased by 14.8 billion USD from 2008 to reach 401 billion USD, a real increase of 8%, according to new data on international arms production released by Stockholm International Peace Research Institute (SIPRI).

Oil reached its highest price in more than two years in London as violence escalated in Libya given growing concerns supplies could be disrupted as turmoil spreads through the Middle East and North Africa.

Repsol-YPF planned exploration for hydrocarbons in the Malvinas basin, off Tierra del Fuego has suffered a major public relations setback following on the Buenos Aires press revelation that the two vessels contracted for the job not only are UK flagged but also have links with the current oil exploration round in Falkland Islands’ waters.