Member countries of South America’s leading trade bloc, Mercosur, have reached an agreement to broaden exemptions to common external tariffs, Argentina’s Foreign Ministry spokesperson announced on Wednesday.
Under the new deal, countries will be allowed to add up to 50 additional tariff exemptions to the existing regimes.
Currently, Brazil and Argentina benefit from around 100 exemptions each, while Uruguay and Paraguay have close to 400.
The agreement was notably driven by Buenos Aires, with Argentina pushing for the move to facilitate a potential trade deal with the United States.
Experts say that expanding these exemptions will enable Mercosur to adopt a more flexible trade policy and better protect the individual economic interests of its member states.
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Ukraine has urged for genuine peace with Russia rather than concessions, warning that poorly negotiated settlements in the past have led to disaster.
The United Kingdom and Norway have unveiled a new joint naval initiative designed to protect undersea infrastructure and counter increased Russian submarine activity in the North Atlantic.
Slovenia has become the latest country to pull out of next year’s Eurovision Song Contest, joining Ireland, Spain and the Netherlands in a widening boycott triggered by the European Broadcasting Union’s (EBU) decision to allow Israel to participate.
Israel was given the green light to participate in the 2026 Eurovision Song Contest on Thursday, after the organising body decided not to hold a vote on its inclusion, despite threats of boycotts from some countries over the Gaza conflict.
For nearly three decades following the dissolution of the Soviet Union, the international system was defined by a singular, overwhelming reality: American unipolarity.
Chinese scientists have unveiled a new gene-editing therapy that they say could lead to a functional cure for HIV, making it one of the most promising developments in decades of global research.
Faced with mounting public outrage following one of the deadliest environmental disasters in the nation’s recent history, the Indonesian government has pledged to investigate and potentially shut down mining operations found to have contributed to the catastrophic flooding on Sumatra.
As the year comes to an end, a new initiative bringing civil society actors and regional analysts from Armenia and Azerbaijan together is steadily gaining ground.
Britain’s King Charles III welcomed German President Frank-Walter Steinmeier on Wednesday, marking the beginning of his three-day state visit to the United Kingdom. The visit, the first by a German President to the UK in 27 years, comes as the two countries continue to strengthen ties post-Brexit.
A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, introduced the SAFE CHIPS Act on Thursday, aiming to prevent the Trump administration from easing restrictions on China’s access to advanced artificial intelligence (AI) chips for a period of 2.5 years.
Czech President Petr Pavel has announced that he will appoint billionaire Andrej Babis, the winner of the recent elections, as the country’s new prime minister on December 9.
Nestled in the Dolomites, Cortina d’Ampezzo is racing toward the finish line ahead of the 2026 Winter Olympic Games. Officials said on Thursday that the Olympic Village is almost ready to receive athletes competing from February 6th to the 22nd.
Ukraine has urged for genuine peace with Russia rather than concessions, warning that poorly negotiated settlements in the past have led to disaster.
German Chancellor Friedrich Merz on Thursday (December 4) firmly rejected U.S. proposals to use Russian assets frozen in the European Union for the benefit of the United States, emphasizing that these funds should be directed to support Ukraine.
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