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Mercosur splits dampen EU outlook for trade deal as window narrows

BRASILIA/BRUSSELS (Reuters) -Splits within South American trade bloc Mercosur have dampened hopes in the European Union of a trade deal, which could fall apart if it does not get done by the end of the year, diplomats and members of the European Parliament told Reuters. Two of Mercosur's four countries have yet to reply to an addendum in which Brussels included environmental safeguards to address reservations by many EU member states, diplomats said. Many had hoped for a swift conclusion ...
New Delhi Bruxelles Capitale United States Distrito Federal Thomas Waitz Richard Chang
Source: yahoo.com

Brazil, Paraguay clash with Argentina over grains waterway tolls

ASUNCION :Argentina must collect tolls on a crucial waterway, the country's energy chief said on Monday after meeting with Paraguayan officials, as a multi-nation conflict over fees for ships carrying grains and other exports intensifies.Paraguay, Brazil, Bolivia and Uruguay are urging Argentina to stop apply
Buenos Aires Distrito Federal Valentine Hilaire Maximilian Heath Daniela Desantis Lucila Sigal

Santiago Pena, Paraguay's new president, faces tricky balancing act

Paraguay's new president Santiago Pena takes office on Tuesday, a clean-cut economist for the conservative Colorado party who will need to juggle ties with Taiwan, pressure from farmers, rising crime and a U.S. probe into his political mentor. Pena, 44, scored a strong win in April elections against a center-left opposition challenger, and helped the Colorado Party, the dominant political force for the last three-quarters of a century, secure a majority in both chambers of Congress. His p...
United States Rosalba Obrien William Lai Lucinda Elliott Daniela Desantis Horacio Cartes
Source: yahoo.com

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Paraguay courts Taiwanese investors, warns against China reliance

Paraguay is seeking more Taiwanese investment to diversify its farm-driven economy focused on exporting raw materials to China, incoming Finance Minister Carlos Fernandez Valdovinos said in an interview. Paraguay remains the only South American nation with formal diplomatic relations with Taiwan, which China claims as its own territory. As Paraguay prepares for the Aug. 15 inauguration of the next government, it has reinforced its 70-year friendship with the democratic island, even as China ra...
United States South Korea Richard Chang Lucinda Elliott Carlos Fernandez Valdovinos Daniela Desantis
Source: yahoo.com

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