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.
The presidents of Argentina, Brazil, Paraguay and Uruguay are expected to announce Wednesday the elimination of the roaming service charge when travelling to any of the Mercosur countries, it was reported.
A historic trade deal between the European Union and Mercosur last week is lifting expectations for Europe’s next mission to evaluate Brazilian chicken plants, an industry group said on Friday.
Brazilian vehicle exports to Argentina are expected to plunge this year, and the industry could face threats from rising imports following a free trade agreement between the European Union and Mercosur, a major industry body said.
Brazilian President Jair Bolsonaro has rebutted European criticism over his commitment to the environment, saying he'd flown over Europe twice and hadn't seen “even a square kilometre of forest.”
Brazil’s Foreign Minister Ernesto Araujo said on Wednesday that he expects two new trade deals to be signed between the trade bloc Mercosur and other regions in the second half of 2019, hailing a new era of openness in Brazil.