Colombian President Gustavo Petro announced on Monday the end of the Free Trade Agreement (FTA) with Israel, as well as the reshaping of the existing one with the United States, following Washington's decision to expel him and revoke his visa for staging a pro-Palestine demonstration in the streets of New York during the 80th United Nations (UN) General Assembly.
The Southern Common Market (Argentina, Brazil, Paraguay, and Uruguay) and the EFTA states (Iceland, Liechtenstein, Norway, and Switzerland) signed a Free Trade Agreement (FTA) on Tuesday in Rio de Janeiro, Brazil, creating a zone of nearly 300 million people with a combined GDP of over US$4.3 trillion.
The Southern Common Market's (Mercosur) Summit in Buenos Aires kicked off Wednesday with the announcement by Argentina, Brazil, Paraguay, and Uruguay of a Free Trade Agreement (FTA) finalized with the European Free Trade Association (EFTA - Iceland, Liechtenstein, Norway, and Switzerland). The documents are to be signed in the coming months.
Argentine President Javier Milei said in an interview with Bloomberg in Davos (Switzerland) that if breaking up with the Southern Common Market (Mercosur) was a requirement to sign a Free Trade Agreement (FTA) with the United States, he would not hesitate to do it.
The President of Uruguay, Luis Lacalle Pou, referred to the Free Trade Agreement (FTA) with China. In an interview with the Argentine radio program Alguien tiene que decirlo (Radio Mitre), Lacalle stated that negotiations with Chinese authorities are progressing. However, the processes of the Asian country advance at a “slower” pace, the head of the South American Government said.
Under Argentina's pro-tempore presidency, Mercosur will try to clinch a Free Trade Agreement (FTA) with Singapore, according to Palacio San Martín (Foreign Ministry) sources quoted by BAE Negocios. The Alberto Fernández administration is particularly eager to show results, the report also said.
Colombia's President-elect Gustavo Petro and US Ambassador to Bogotá Francisco Palmieri met Monday to discuss common goals with the incoming administration which might include renegotiating the Free Trade Agreement (FTA) signed ten years ago between the two countries.
Argentina's Foreign Ministry Friday issued a statement according to which Uruguay's negotiations with China towards a Free Trade Agreement must go through Mercosur.
China's Ministry of Commerce Spokeswoman Shu Jue Ting Thursday ratified her country deemed the possible conclusion of a Free Trade Agreement (FTA) with Uruguay to be of the utmost importance.
Uruguayan President Luis Lacalle Pou Wednesday announced negotiations with China to reach a bilateral free trade agreement are to begin, after technical teams from the two countries found it feasible, it was reported in Montevideo.