Tag: Mercosur

Thursday, August 18th 2016 - 06:13 UTC
Uruguay back steps on its claims regarding Brazil and the Mercosur presidency controversy

Uruguay back stepped on its statements referred to Brazil's “bullying with the Mercosur presidency” and admits there was a misunderstanding regarding Brazil's invitation for a joint trade promotion in third countries, according to an official clarification Wednesday release from the Uruguayan foreign ministry.
Thursday, August 18th 2016 - 06:04 UTC
Macri after full integration of Mercosur with the Pacific Alliance

Latin America needs greater economic integration and a merger of Mercosur and the Pacific Alliance should be the objective, according to Argentine president Mauricio Macri, who insists in loosening trade restrictions in his country and the region.
Wednesday, August 17th 2016 - 04:56 UTC
Uruguay ambassador summoned to Itamaraty after minister accuses Brazil of “bullying Mercosur presidency”

Brazil summoned Uruguay's ambassador on Tuesday after the neighboring country's foreign minister Rodolfo Nin Novoa accused Brazil of trying to “buy” its vote to block Venezuela from taking the rotating presidency of the Mercosur trade bloc.
Tuesday, August 16th 2016 - 07:17 UTC
Mercosur on collision course: Uruguay rejects collective presidency sponsored by Brazil

Uruguay's Foreign Minister Rodolfo Nin Novoa said on Monday that he was opposed to the proposal that the Mercosur presidency should be held collectively, as a number of countries are opposed to Venezuela taking over the role. The proposal has been sponsored by Paraguay and Brazil for several weeks, particularly Brazil's Foreign Minister Jose Serra.
Monday, August 15th 2016 - 12:21 UTC
Mercosur Montevideo 23 August meeting to decide sanctions on Venezuela

The coordinators of Mercosur founding members will decide next 23 August at a meeting in Montevideo on the legal measures to be applied on Venezuela, which self proclaimed itself the presidency of the group and is also questioned for not complying with the rules and regulations to be incorporated to the group. In that case Venezuela could lose its full member status.
Monday, August 15th 2016 - 07:09 UTC
Mercosur-India talks expected to expand preferential trade agreement

India has begun the process of expanding its preferential trade agreement with the Mercosur trade bloc, opening its market more to South America and negotiations are expected to start in a month or two. The number of products on which tariff concessions is given is likely to increase to more than 3,000 from 450 at present with more agricultural products getting covered in the pact.
Thursday, August 11th 2016 - 06:14 UTC
Pacific Alliance members invite Uruguay to sign free trade agreements

Uruguay, a founding member of Mercosur has been invited by Pacific Alliance members Colombia and Peru to update and expand commercial agreements with the two countries and turn them into a free trade treaty, foreign minister Rodolfo Nin Novoa revealed during a hearing in Congress to analyze the current situation in Mercosur.
Wednesday, August 10th 2016 - 05:24 UTC
Venezuela as Mercosur full member faces deadline: Friday 12 August

Brazil, Paraguay and Argentina are waiting for a report on Venezuela´s compliance with the accords agreed in 2012, which has to delivered next Friday 12 August, and could lead the group of three counties deciding the suspension of Caracas as full member of Mercosur. A week and a half later, 23 August, representatives of these countries will be meeting to address the issue.
Friday, August 5th 2016 - 19:50 UTC
Mercosur founding members agree to disagree, but will hold another round of talks

Mercosur founding members coordinators who met in Montevideo on Thursday to address the controversy over the presidency of the group and the self proclamation to the post by Venezuela, did finally reach some conclusions, but the most significant seems to be that they continue to disagree on the steps to follow and are prepared for another round of talks.
Thursday, August 4th 2016 - 21:52 UTC
Venezuela defies Mercosur members and announces it will “fully exercise the presidency”

Venezuela has defiantly confirmed that is will fully exercise the “self-proclaimed” presidency of Mercosur, despite the opposition from Argentina, Brazil and Paraguay, who consider the chair vacant and are meeting in Montevideo to find an alternative for the six month mandate.