Uruguay and Brazil have concluded their proposals to present to the European Union and are waiting for Argentina and Paraguay, in the framework of current negotiations, delayed for years, to reach a free trade and cooperation agreement between the two blocs.
A landmark trade deal reached between the European Union (EU) and Canada, that will benefit the UK economy and businesses by over £1.3 billion a year, has been welcomed by Prime Minister David Cameron.
Argentine bio-diesel producers will fight European Union proposals to impose punitive duties on imports from the country, saying the move would remove its biggest export market and raise prices in Europe.
Spain will not be involved in ‘joint actions’ with Argentina regarding sovereignty claims over Gibraltar and Malvinas, said on Friday Spanish Foreign minister Jose Manuel Garcia Margallo, arguing there had been ‘misinterpretations’ in the Argentine version of the bilateral ministerial meeting and which was first denied by the Moncla Palace.
The powerful manufacturers lobby, Sao Paulo’s Industry Federation, Fiesp believes a free trade agreement between Mercosur and the European Union is very much needed so that Latam’s largest economy climbs out from the “commercial isolation” in which it currently stands.
A team of European Union inspectors are visiting Gibraltar to investigate a border row that has caused diplomatic tensions between the UK and Spain. London and British Overseas Territory Gibraltar complained to the EU that Spain's over-zealous checks on border traffic were holding up workers and tourists. Spain accuses Gibraltar of not doing enough to combat cigarette smuggling.
Southern Europeans are facing four more years of ‘mutti’ (Mom) Angela Merkel — whether they like it or not. Majorities of 82% in Spain, 65% in Portugal and 58% in Italy repudiate the German leader’s handling of the Euro area’s debt crisis, blaming her for drastic cuts in social services, recession and record unemployment, according to a German Marshall Fund poll released last week.
Brussels will determine whether the 70 cement blocks dumped in the Gibraltar bay are legal or not, according to the European Union spokesperson Olivier Bailly who anticipated an EC fact finding mission can be expected next month to visit the controversy area.
European stock markets mostly rose on Wednesday after official data showed that the Euro zone had finally escaped from a record 18-month recession. The Euro-zone climbed out of recession with surprisingly strong growth of 0.3 percent in the second quarter led by Germany and France, announced the European Union.
The 28-country European Union underscored the potential benefits of a free trade agreement with Mercosur and revealed that so far no country member of the group has requested to a bilateral negotiation.