What's happening in the world next week

Semiannual Mercosur summit to be held

The presidents of Argentina, Brazil, Paraguay and Uruguay will meet on Dec 4-5 in Bento Gonzalves in the southern Brazilian state of Rio Grande do Sul for their semiannual Mercosur summit.

Brazil currently holds the rotating presidency of the Mercosur, which also gathers Argentina, Uruguay and Paraguay, and is committed to promoting changes to the Mercosur trade bloc to further stimulate trade inside and outside the group.