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LatinNews Regional Monitor: Brazil & Southern Cone - 26 July 2019

From LatinNews Daily
On 25 July, Brazil’s Foreign Minister Ernesto Araújo said that the state-owned oil company Petrobras could face losses in its US activities once it refuels two Iranian ships, which are subjected to US sanctions, currently docked in Brazil.... Read More
* Brazil’s central bank (BCB) has released its latest statistics for the external sector, which show that foreign direct investment (FDI) net inflows to Brazil totalled US$37.3bn in the first six months of 2019, a 10.4% increase on the same period in 2018.... Read More
On 25 July figures from Paraguay’s main opposition Partido Liberal Radical Auténtico (PLRA) threatened to launch impeachment proceedings against President Mario Abdo Benítez unless an agreement reached by his government with Brazil over the distribution of electricity from the Itaipú binational hydroelectric dam is revoked.... Read More
* Argentina’s agriculture minister, Luis Miguel Etchevehere, has presented a declaration signed by members of the Consejo Agropecuario del Sur (CAS) ministerial council (Argentina, Brazil, Paraguay, and Uruguay) to the World Trade Organisation (WTO) regarding delays from certain food-importing countries in authorising the presence of biotechnological products from South America.... Read More
From Latin American Weekly Report
US Secretary of State Mike Pompeo conducted a whistle-stop tour to four nations in Latin America from 19 to 21 July.... Read More
After more than three years of negotiations, the Finnish company UPM finally confirmed on 23 July that it will construct a massive pulp mill in central Uruguay.... Read More
Earlier in July, Brazil’s Instituto Nacional de Pesquisas Espaciais (Inpe), the national institute for space research, released data according to which deforestation in the Brazilian Amazon reached 920.21 km2 in June.... Read More
“I love the Northeast,” President Jair Bolsonaro declared on 23 July during the inauguration of a new airport in Vitória da Conquista, a city in the south of the Brazilian Northeast’s largest state, Bahia.... Read More
ARGENTINA | Maintaining exchange rate stability.... Read More

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