
Mercosur Foreign Affairs ministers meeting on Monday in Argentina said they trust the European Union will match the latest offer from the South American block to make possible a trade and cooperation agreement that has remained elusive for years.

India and Argentina signed in New Delhi on Monday a joint agreement for the development of technical and professional cooperation in the agricultural sector and to foster trade of plants and animal products between the two countries.

President Sebastián Piñera received a 45% approval rating, while disapproval rates reached 29%, according to a survey reported last week by the Center of Public Education (CEP).

Argentina is drawing on central bank profits to meet financing needs, putting off plans to sell its first international bond since 2001 as yields tumble. The central bank’s board on July 29 approved a transfer of 3 billion pesos (762 million USD) from the bank’s 23.5 billion pesos in 2009 profits to the government, following a 1.5 billion peso transfer in February, spokesman Fernando Meanos said.

The head of the Argentine Rural Society (SRA) Hugo Biolcati demanded the government of President Cristina Kirchner to leave pride aside and said that they should open a window of the intolerance wall because we are a country thrashed with corruption, exclusion and poverty.

An estimated 160.000 Colombian law enforcement agents will reinforce security for when president-elect Juan Manuel Santos takes office next August 7, said General Orlando Paez Baron, head of the Colombian Police’s Citizens Security´.

United Nations officials have expressed their delight at Sunday’s entry into force of the international convention banning the manufacture, use and stockpiling of cluster munitions, calling it a “major advance for the global disarmament and humanitarian agendas.”

Cuban President Raul Castro is not planning to make large-scale market reforms to revive the communist island's struggling economy. But Mr Castro said the role of the state would be reduced in some areas, with more workers allowed to be self-employed or to set up small businesses.

Mexico announced this weekend that it was normalizing diplomatic relations with Honduras given the “significant advances” achieved in addressing the consequences of last year’s coup.

The controversy between Venezuela and Colombia is to mark the rhythm of political conversations during the Mercosur Summit, to be held on August 2 and 3 in the Argentine city of San Juan city in San Juan province.