
Argentine President Cristina Fernández was again on the campaign trail on Tuesday participating in several inaugurations and political rallies at the province of Buenos Aires in support of her candidate running for Congress in October’s mid term ballot, Martin Insurralde.

The government of President Cristina Fernandez told the business community on Monday that Argentina has an interest in a ‘balanced’ negotiation between Mercosur and the European Union to reach a political, association and trade agreement. However the timetable approach of Argentina does not seem to fit with the rest of Mercosur, mainly Brazil.

Paraguayan president Horacio Cartes is expected in Buenos Aires on Tuesday, following an invitation from his Argentine peer Cristina Fernandez, which will be his first overseas bilateral trip since taking office 15 August.

Uruguay’ President Jose Mujica said the decision authorizing a possible expansion, or not, of the UPM/Botnia pulp mill is closely linked to Argentina and the construction of a third plant along an inside Uruguayan river and not a shared one as is the case now.

President Cristina Fernández spoke out against the US refusal to discuss Argentina’s dispute with the so-called ‘vulture funds’, (and its inclusion in the final declaration) during the G-20 meeting in Moscow, Russia.

After arriving in Russia for the two-day G20 summit, Argentine President Cristina Fernández stressed she will be addressing the “vulture funds issue” during the summit despite the US rejected to mention it in the final statement.

Deputy Chairman of the Argentine Industrial Union (UIA) Cristiano Ratazzi said that President Cristina Fernández “should leave office once her term ends” because those are the rules of democracy, otherwise it is ‘Chavism’.

Argentine President Cristina Fernández left on Tuesday for Russia to attend the G20 summit to begin next Thursday at the Constantine Palace in Saint Petersburg. The president flew on her office’s Tango 01 to Morocco where she changed aircraft to avoid any possible injunction from hedge funds on the presidential transport.

The Chilean government replied strongly to suggestions from Cristina Fernandez referred to President Sebastian Piñera and his personal fortune saying that in Chile ‘the president and high officials once elected must abide by rules of transparency” and that is why the president voluntarily agreed to sell his stake in LAN airlines before taking office to avoid a conflict of interests.

Global efforts to battle trade protectionism need to be reinforced to help shield the fragile economic recovery across the world said a report released on Monday by the European Commission in which it claims Brazil and Argentina are among the main offenders when it comes to import duties hikes and government procurement limitations.