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South American trade bloc MERCOSUR fails to reach consensus; internal rift deepens

South American trade bloc MERCOSUR fails to reach consensus; internal rift deepens
riotimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from riotimesonline.com Daily Mail and Mail on Sunday newspapers.

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Buenos Aires Times | Mercosur's future up for debate at key meeting next month


Mercosur: What next? | Art by Joaquín Temes
The Mercosur bloc could be on the verge of historic changes, after member nations agreed this week to debate a potential liberalisation of its trade rules at a key meeting next month Talks over a reduction in the common external tariff could also be on the table.
The news was announced by the Foreign Ministries of Argentina and Uruguay jointly last Monday following a virtual extraordinary meeting to broach these two issues presented by the government in Montevideo.
The Uruguayan proposal will be studied by the Common Market Group co-ordinators with the aim of producing the inputs for decision-making at the next meeting of the Common Market Council, reported the Uruguayan Foreign Ministry via Twitter. ....

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Mercosur partners sign e-commerce agreement


“These values only corroborate the importance of Mercosur having its own legal text on this matter,” the Argentine Foreign Ministry said in a press release.
The four founding and still full members of Mercosur - Argentina, Brazil, Paraguay and Uruguay – Friday signed in Montevideo the bloc s electronic commerce accord which had been agreed on at the Common Market Council virtual Meeting last December, it was announced.
As per this new agreement, which could not be signed in December due to the virtuality of the encounter, a common legal framework was established to facilitate trade within the bloc through electronic means, both in goods and services. ....

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