
Mercosur does not exist; Uruguay is losing precious time and should try a one to one trade agreement with the European Union, according to Paul Riezler, president of the Euro-Chamber in Uruguay and of the Uruguay-Germany Commerce and Industry Chamber.

The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying program to deal with alarmingly low inflation across the 19-country Euro-zone.

Russia’s gas giant Gazprom said in a release on Monday it had signed a deal with Eni, Wintershall and EDF on the purchase of 50% of shares in South Stream Transport BV. Thus, Gazprom will be a 100% owner of the company.

CFK says regional integration not a problem for worldwide integration, labels marketplace a euphemism as the decline in oil price conceals geopolitical interests of other countries

The European Central Bank (ECB) has stepped up plans for more stimulus measures aimed at revitalizing the Euro-zone economy, bank president Mario Draghi said on Thursday. His comments came after the ECB held interest rates at 0.05%.

Ecuador's Deputy Minister of Aquaculture and Fisheries organized a workshop with representatives from various government institutions related to port and maritime fisheries control in the country in order to develop a National Action Plan to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.

European Union and Mercosur representatives analyzed the current state of negotiations for an association and free trade agreement but could not establish a date for the exchange of new proposals because the European Commission has yet not concluded the consultation process with member states to harmonize its proposal.

Brazil must speed international trade agreement negotiations, said cabinet chief Aloizo Mercadante, in direct reference to Mercosur and demanding an end to internal disputes.

The tendency to impose trade-restricting measures remains strong among the European Union's commercial partners, fuelling continuing uncertainty in the world economy. These are the main findings of the European Commission's annual report on protectionism published Monday 17 November.

Sweden has recognized the State of Palestine, the country’s foreign minister has announced, making it the first European Union country to do so. The 130 other nations that already recognize a Palestinian State include Hungary, Slovakia and Poland although these three countries took this step before joining the EU.