The free trade agreement between the Southern Common Market (Mercosur) and the European Union will be signed on December 20, according to Brazilian President Luiz Inácio Lula da Silva, who made the announcement after participating in the G20 Summit held November 22-23 in Johannesburg, South Africa.

According to the Brazilian president, the Mercosur-EU agreement “is being forged with the President of the European Commission, Ursula von der Leyen, despite the criticisms of the agreement expressed by European countries such as France.”

He emphasized that, regardless of any differences with EU countries, the negotiations are being conducted with the President of the Commission, Ursula von der Leyen, and the negotiators.

This agreement has been under negotiation for over two decades, with French President Emmanuel Macron “being the most resistant to a free trade pact, because in that case it would require opening the agricultural market to products from South American countries.”

M.Pino

Source: xinhua

(Reference image source: Isabela Kronemberger on Unsplash)

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The price of the official dollar is 51.53 bolivars this Friday, December 20, according to the publication of the Central Bank of Venezuela.

The following update will be published next Monday, December 23 by the regulatory body, as a reference for transactions throughout the country.

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Una publicación compartida por Banco Central de Venezuela (@bcv.org.ve)

M.Pino

Source: Central Bank of Venezuela

(Reference image source: BCV, archive)

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La entrada BCV dollar value for this Friday, December 20 apareció primero en Bitfinance.

Starting December 20, Ecuador will suspend electric cuts of about 14 hours a day in the country.

The measure was taken after three months of power cuts that affect the country’s economy, as well as the normal development of Ecuadorians.

The presidency of the South American country announced the suspension of power cuts, indicating, among other reasons, “the recovery of thermal and hydroelectric plants that were under maintenance and that contribute 696.7 MW to the electrical system.”

They also indicated that the “Toachi Pilatón hydroelectric project with 204 MW” will begin operations on that date, reported AFP. This is in addition to the 100 MW produced by a plant on a rented barge and the energy that Ecuador buys from Colombia.”

It is important to note that 70% of Ecuador’s electricity depends on hydroelectric generation, which has been affected by climate change. At the moment, the weather conditions are favorable.

M.Pino

Source: finanzasdigital

(Reference image source: Andrik Langfield on Unsplash)

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La entrada Ecuadorian government says power cuts will be suspended starting December 20 apareció primero en Bitfinance.