
Britain will not get a Brexit deal better than the current single market, Japan’s ambassador to the UK has said. Koji Tsuruoka, who took up the role just over a fortnight before the referendum in June 2016, said Japanese firms are watching negotiations and will want to continue to be located in the single market after next March.

The European Commission and Mercosur are planning to resume negotiations to reach a new Association Agreement during this month. The Commissioner of the European Trade Commission, Cecilia Malmström, stated that, after the last negotiating round, which took place in early December, and after the attempt to reach an agreement in the framework of the last round of the World Trade Organization (WTO), held from 11 to 14 December, the agreement was very close and would be reached in a matter of weeks.

President Cristina Fernández and US President Barack Obama agreed to work upon trade differences which in no way conform the central aspects of the bilateral relationship during their Saturday afternoon half hour meeting with an “open agenda” at the 6th Summit of the Americas hosted by Colombia.

The European Union and Mercosur concluded Friday in Brussels the eighth round of negotiations for a free trade agreement with the commitment to begin exchanging market access proposals at the next meeting.

EU trade ministers agreed on Friday to approve a free trade pact with Colombia and Peru that could boost European car and chemical exports and lift food and mineral exports from the South American countries.

A private Argentine report warns that the current diplomatic dispute over the Falklands/Malvinas could have an impact on bilateral trade with the UK which last year totalled over 1.4 billion dollars with a 150 million surplus for Buenos Aires.

President Dilma Rousseff revealed Monday that in the last four months Brazilian forces in the framework of the ‘Strategic Frontiers Plan’ had seized over 62 tons of drugs and 650 kilos of arms and explosives.

For Argentina, Brazil is a “decisive partner” in addressing the negative effects of the world economic crisis which has hit the United States and the European Union, said on Monday Argentina’s Deputy Economy minister Roberto Feletti.

China will become Latin America's second largest trade partner as early as in 2015, the UN Economic Commission for Latin America and the Caribbean (ECLAC) said this week.

The Group of 20 (G20) largest economies are largely keeping their pledges to avoid protectionism as a reaction to the recent global recession, but the rest of the world is increasing trade barriers, a new report co-authored by the UN said Tuesday.