Tag: Mercosur

• Tuesday, June 12th 2012 - 19:42 UTC

  The Pacific Alliance, yet another bloc in Latin America

  

  The newly-formed Pacific Alliance bloc seems more like a political club to counterbalance the Atlantic-facing, Brazil-led Mercosur group. However, the bloc accounts for 30% of India’s trade with Latin America. Can India engage the group so it is not left out from their Asia focus?

• Friday, June 8th 2012 - 02:08 UTC

  Alliance of the Pacific emerges as a potent challenge for Mercosur and Brazil

  

  The leading countries of Latin America’s Pacific Rim with the exception of Ecuador and a few Central American countries, agreed to conform the Alliance of the Pacific an ambitious integration project which has good relations with Washington and is targeted to accompany the growing influence of the Asia-Pacific basin.

• Friday, June 8th 2012 - 01:35 UTC

  China interested in a trade agreement with Mercosur reveals Uruguay

  

  China has offered Mercosur to consider the possibility of negotiating a free trade agreement revealed Uruguay, when the South American block is going through one of its worst moments ever so distant from the integration process pledges of 1991.

• Monday, May 28th 2012 - 23:12 UTC

  Mercosur raises maximum allowed tariff, 35% on 100 imported goods, says Brazil

  

  Brazil raised to the maximum the common external tariff, AEC, that Mercosur charges on imported goods from out of the zone. The decree was published in Monday’s edition of the Official Gazette and includes a hundred goods.

• Friday, May 25th 2012 - 07:01 UTC

  Three former presidents admit Mercosur has failed and has Uruguay ‘trapped’

  

  Three former Uruguayan presidents recommended the current administration that without abandoning Mercosur, it should look at major trade blocks associations but at the same time a strong self criticism is needed because maybe the problem is not in Mercosur but in Uruguay.

• Monday, May 21st 2012 - 03:34 UTC

  Investors will opt for Uruguay and its legal system, says Spanish ambassador

  

  The seizure of YPF by Argentina can be expected to have a positive repercussion for Uruguay since the country has an enviable legal system and keeps to the rules of the game, said the new Spanish ambassador in Montevideo, Roberto Varela.

• Wednesday, May 16th 2012 - 01:27 UTC

  Brazilian discomfort: ends automatic import licences for Argentine perishables

  

  Brazil this week escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official was quoted by the media.

• Wednesday, May 9th 2012 - 20:56 UTC

  Mercosur “going through its worst moment in history” claims Uruguay

  

  Uruguay’s Vice-president Danilo Astori said Mercosur is going through its worst moment in history because some of its members in practical terms “are denying the most basic principles”.

• Tuesday, May 8th 2012 - 02:06 UTC

  Mercosur “needs to be reborn” with an honest integration spirit, says Cardoso

  

  Brazilian former president Fernando Henrique Cardoso said that Mercosur “needs to be reborn but with a real integration spirit among its members” leaving behind such ambitions as the mirror of the European Union.

• Saturday, May 5th 2012 - 06:26 UTC

  Uruguay supports Argentina’s seizure of YPF but countries decide “proceedings”

  

  Uruguayan Foreign Minister Luis Almagro backed Argentina’s controversial decision to nationalize the country's biggest oil company YPF arguing countries’ right to recover a strategic market is “indisputable”.