ISDS Case Map
Mercosur
The Irish government is expecting a report from the European Commission setting out the economic impact on Eire of a potential trade agreement between the EU and Mercosur.
Latin America's Mercosur trade bloc is impatient for progress on free-trade talks with the European Union to lead to an early agreement, Brazilian President Dilma Rousseff said.
Japan proposed Wednesday launching a dialogue with Mercosur, the four-nation South American trade bloc, to boost economic relations and explore the possibility of signing a free trade agreement.
Canada and Mercosur agreed on Friday to hold exploratory talks to strengthen their relationship, Canadian Trade Minister Ed Fast said on Friday. Fast is currently in Asunción to promote bilateral trade and investments, and Paraguay currently holds the Mercosur chair.
Talks to create a massive free trade zone between Europe and South America are in danger of falling apart, hit by the euro zone debt crisis and differences over agricultural subsidies and other core issues.
Peruvian President-elect Ollanta Humala has gone on record ruling out an early push for membership of the Mercosur trade bloc for his country's emerging economy but leaving the door open for a political tie with the group.
Uruguay sees China as a ‘strategic partner’ and has kept good relations with Beijing since the two countries forged diplomatic ties in 1988, said Uruguayan Foreign Affairs minister Luis Almagro, a former ambassador to China from 2007-2009. Almagro made the statement as Chinese Vice-President Xi Jinping begun his official visit to Uruguay.
Nations currently negotiating trade deals with the European Union (EU) have been warned that they must resist European demands which could threaten access to medicines in emerging and developing countries.
After Look East, India is now adding a 'Focus West' chapter to its trade policy. Under increasing pressure from China, especially in Africa, New Delhi is now moving ahead with plans to sign three comprehensive economic partnership agreements (CEPA) that would include free trade pacts in goods and services. In addition, the government has started work on upgrading its preferential trade agreement (PTA) with Mercosur”comprising Brazil, Argentina, Uruguay and Paraguay”commerce & industry minister Anand Sharma said.
Venezuela formally exited the Andean Community of Nations, CAN, Friday when it stopped belonging to the free trade zone which for 38 years eliminated a full range of tariffs among its members (Peru, Ecuador, Bolivia and Colombia), announced the Venezuelan Foreign Affairs ministry.
