Tag: Mercosur

• Friday, July 15th 2011 - 06:13 UTC

  Argentine central bank purchases 500m dollars to stop appreciation of the Peso

  

  The Argentine Central bank has purchased so far this week 500 million US dollars to ensure that the country’s exporters retain a favourable exchange rate and importers are not that tempted to buy foreign goods.

• Saturday, July 9th 2011 - 06:37 UTC

  US beef and poultry become highly competitive as costs soar in Mercosur

  

  Brazil’s JBS SA, the world’s biggest beef producer, is betting on a rebound in U.S. meat sales as a weak dollar makes production in the country as competitive as in emerging markets.

• Tuesday, July 5th 2011 - 00:24 UTC

  Mercosur attempt to implement a common trade defence policy ‘won’t be easy’

  

  Mercosur idea of a common trade defence policy has been present since the nineties but the initiative is difficult to implement because agreeing on a joint safeguard does not necessarily meet the demands of different interests, according to a leading economist from Brazil’s Getulio Vargas Foundation, GVF.

• Tuesday, July 5th 2011 - 00:20 UTC

  Paraguay and Uruguay claim Argentina is obstructing regional power agreement

  

  Argentina is delaying the sale of Paraguayan power to the Uruguayan market (which must cross Argentine territory) for reasons ‘as least publicly’ unknown for both sides interested in the deal, according to the Uruguayan and Paraguayan press.

• Monday, July 4th 2011 - 19:18 UTC

  EU/Mercosur launch ‘timid’ sixth round of trade negotiations in Brussels

  

  Mercosur/European sixth round of negotiations to reach a wide ranging cooperation and trade agreement took off Monday in Brussels, but rather timidly with no immediate prospects of an exchange of proposals for market access.

• Friday, July 1st 2011 - 13:04 UTC

  Renault plans to increase car production in Argentina by 60%

  

  French auto maker Renault has plans to invest 400 million Pesos (100 million US dollars) to produce a new model geared towards the Mercosur market, Argentina's industry minister Debora Giorgi announced this week.

• Friday, July 1st 2011 - 01:48 UTC

  Brazil and Japan allege over 100 countries support UN Security Council reform

  

  Foreign Affairs ministers from Brazil and Japan announced that over 100 nations have expressed support for a proposal to expand the United Nations Security Council.

• Thursday, June 30th 2011 - 16:47 UTC

  Mercosur plans coordinate tariffs mechanism to contain “unexpected surge of imports”

  

  Brazil’s proposal to Mercosur members of a coordinated tariffs’ package with the purpose of containing unexpected imports surges, particularly of cheap products, from Europe, Asia and the United States is to be implemented in the second half of the year.

• Thursday, June 30th 2011 - 16:44 UTC

  Uruguay calls on Sao Paulo corporations to help develop (not colonize) Mercosur

  

  Uruguayan president Jose Mujica called on Sao Paulo corporations to cooperate with the development of Mercosur partners by adopting a policy of alliances with local companies and leaving aside ‘colonizing’ temptations.

• Thursday, June 30th 2011 - 07:23 UTC

  Brazil calls for conclusion of EU/Mercosur trade talks and warns about cheap imports

  

  Brazilian president Dilma Rousseff said it was urgent for Mercosur/European Union trade negotiations to conclude although also emphasizing the need to promote and intensive South/South relations, but warning that some outer region countries are intent in “sending us what they can’t sell in developed countries”.