
Once the Mercosur summit is over, on Tuesday afternoon, the presidents of Argentina, Cristina Fernández de Kirchner, and of Brazil, Lula da Silva, are to hold a meeting in San Juan to analyse bilateral relations, said Foreign Affairs minister Hector Timerman.

Venezuelan President Hugo Chávez reaffirmed that his government's “supreme objective” is to “stop the war-craze” of out-going Colombian President Álvaro Uribe, and he assured the “dilemma” of the bilateral crisis is “between words and missiles.”

A trade agreement with Egypt and the approval of a much-delayed customs code are two of the highlights of the Mercosur leaders Tuesday meeting in Argentina for one of the two annual summits.

Paraguay expects the Mercosur summit that begins Monday in San Juan, Argentina, to approve 650 million US dollars in loans. The Paraguayan Foreign Affairs ministry also confirmed that President Fernando Lugo and chancellor Hector Lacognata will be attending the meeting.

The Aymara priest who blessed Bolivian President Evo Morales at an inauguration ceremony four years ago has been arrested in possession of 240 kilos of cocaine, police said.

Trade among Mercosur full members Argentina, Brazil, Paraguay, Uruguay and Venezuela in the process of incorporation is forecasted to reach 41 billion US dollars said Brazil's ambassador to Argentina Enio Cordero. This is a significant leap from the 9 billion of 2002 and 4.5 billion in 1991 when the block was established.

Brazil's ruling Workers' Party presidential candidate Dilma Rousseff, has a five percentage-point lead over her main rival Jose Serra, according to the latest opinion poll released Friday.

The Brazilian Executive spokesman Marcelo Baumbach said on Saturday that President Lula da Silva had a long conversation on the phone with Colombian president-elect Juan Manuel Santos and they talked about the diplomatic crisis with Venezuela.

Kuwait and Uruguay signed several agreements to bolster bilateral relations during the visit to Montevideo of a high level delegation from the Middle East country. Kuwaiti authorities announced that the kingdom would soon be opening an embassy in Montevideo.

Egypt will be signing a free trade agreement with Mercosur during the group’s presidential summit scheduled for next August 3 in Argentina, announced Friday the Egyptian trade minister on Friday.