ISDS Case Map
Mercosur
Last week, the Mercosur submitted a free trade agreement negotiation proposal to the Egyptian government. The draft document, containing the broad lines for a treaty, was handed over by a delegation from the South American bloc to Cairo
His Majesty King Abdullah and Argentinean President Cristina Kirchner on Wednesday discussed prospects for a free trade agreement (FTA) between the two countries. They said that Jordan's framework deal with MERCOSUR, a regional trade agreement between Argentina, Brazil, Paraguay and Uruguay, paves way for the FTA with Argentina.
South America's tendency towards trade diversification over the past few years may spare the region the worst repercussions from the U.S. financial crisis, unlike Mexico, which will definitely feel the effects, as its northern neighbour absorbs a majority of its exports, say experts.
Uruguay formally proposed its Mercosur partners to begin a round of negotiations geared to reach trade agreements with the European Union, United States, South Korea and Canada.
Uruguay's Economy minister Danilo Astori criticized export taxes and complained the fact Mercosur has allowed Argentina to apply them when “we all know this is a simple manipulation of the economy” which also has political effects.
Trade agreements with big blocs like the North America Free Trade Agreement (NAFTA) or with the European Union have experienced a recent boost in Uruguay.
Today the leaders of Mercosur are convening in Tucumán, Argentina, for their semi-annual conference. San Miguel de Tucumán was the site of Argentine independence from Spain in 1816. Mercosur should take advantage of the historic significance of this site and use this meeting to redefine itself independently from other regional integration schemes and trade blocs.
Turkey has signed a preferential trade agreement with the South American trade bloc Mercosur during negotiations in Argentina.
While acrimony persists over trade talks with the European Union (EU), the Southern African Customs Union (Sacu) has had a breakthrough with bilateral negotiations with the Latin American trade bloc Mercosur.
Backed by values of sovereignty and integration, presidents of the Southern Common Market (MERCOSUR) member countries meet Tuesday in this city, 186 miles northeast of Buenos Aires.
