French president, Emmanuel Macron, declared his opposition to the free trade agreement between the European Union (EU) and Mercosur. In addition, 265 civil society organizations were also mobilized against the agreement. The decision follows the defeat of Macron in the municipal elections and the strong advance of the Greens.
Brazil’s President Jair Bolsonaro said on Thursday that Mercosur trade block needs to hurry up and implement agreements the group has negotiated.
Austria's Parliament Wednesday voted to veto the treaty between Mercosur and the European Union, a decision which will stop the enactment of the agreement reached after over 20 years f negotiations.
The European Union Council president Donald Tusk said it was hard to imagine the bloc ratifying its trade pact with Mercosur as long as Brazil fails to curb the fires ravaging the Amazon rainforest. The EU stands by the EU-Mercosur agreement, Tusk told reporters at a G7 meeting in Biarritz in southern France.
G7 leaders gathering in France this weekend plan to hammer out “concrete measures” in response to the wildfires raging in the Amazon rainforest, putting them on a collision course with Brazil's rightwing leader.
Argentine markets bucked the dismal three-day losing streak on Thursday, amid signs of political compromise and a new central bank measure to prop up the embattled currency.
Brazil will pull out of the Mercosur trade bloc if the opposition party wins Argentina’s presidential elections later this year and closes the economy with protectionist policies, Brazil’s Economy Minister Paulo Guedes said on Thursday.
When dealing with the Malvinas issue, and its people, Argentina must stick to its diplomatic milestones and not feel attracted to push or take advantage of the UK which seems bogged in Brexit, or further isolated by the recent trade agreement between Mercosur and the European Union, argues Fernando Petrella, a deputy foreign minister with Guido Di Tella, ex-ambassador before the United Nations and currently head of the Argentine Foreign Service Institute.
Argentine President Mauricio Macri said Wednesday in Santa Fe that Mercosur's trade agreement with the European Union (EU) “will have a positive impact on the quality of life of the people” and called for “the convergence” with the Pacific Alliance.
Uruguay's President Tabaré Vázquez Wednesday highlighted in the Argentine city of Santa Fe the partnership agreement reached in the first semester of the year with the European Union (EU) as a very important achievement for Mercosur after 20 years of negotiations, 39 formal meetings and many other informal ones, for which he thanked the technical teams involved.