
The European Union has set out its demands for the temporary transition period after the UK leaves in March 2019, and EU wants the UK to continue to follow its rules but not be involved in making decisions.

Mercosur is the most isolated and protectionist block in the world, said Argentine president Mauricio Macri on Thursday during a meeting with Argentine media, in Brasilia, in the framework of the current presidential summit during which the six-month rotating chair of the group will passed from Brazil to Paraguay.

The European Union will refuse to back Britain in United Nations votes over the Falkland Islands after Brexit, a former ambassador has suggested. Other countries regarded the UK’s loss of influence since the Leave vote “as a shark would regard blood in the water”, Lord Hannay told a parliamentary inquiry.

Theresa May has acknowledged that Britain will be unable to implement any new trade deals during a Brexit transition phase, telling MPs that although the country would have left the customs union it would still be bound by its rules.

By Gwynne Dyer - Politicians never lie. Well, hardly ever. They're not into full disclosure, as a rule, but they know that if you lie, sooner or later you will be caught out, and then you are in deep trouble. So just change the subject, or answer a different question than the one you were asked, or just keep talking but saying nothing until everybody gets bored and moves on.

The European Union has dashed the British government's hopes of carving out a special arrangement to allow City firms to trade freely in the EU if Britain leaves the single market. Michel Barnier, the European Commission's chief Brexit negotiator, said he was not open to a free trade agreement including financial services.

Venezuela’s opposition received a European Union prize for human rights and urged the world to keep a close eye on an upcoming presidential election where it aspires to end two decades of socialist rule in the OPEC nation. Foes of President Nicolas Maduro failed to dislodge him during months of street protests this year that turned violent killing more than 125 people, and have been dismayed to see him consolidate his power in recent months.

Negotiations for a trade deal between the European Union and Mercosur will extend into next year, officials from both sides said on Wednesday, after the Europeans asked for more time to analyze proposed changes.

The European Commission stressed Tuesday that licenses to operate flights between Britain and Europe will cease to be valid. Other major changes are also foreseen since open-skies agreements made with the United States and other countries via the European Union will not be forceable post Brexit.

Irish MEP and vice-president of the European Parliament Mairead McGuinness is representing the European Parliament at the ministerial assembly on the World Trade Organization (WTO) in Argentina, which began on Sunday, and has warned that rushing towards a Mercosur/European Union deal would jeopardize the EU beef industry.