Wednesday, February 6th 2013 - 21:53 UTC

Uruguay promotes a free trade agreement of Mercosur with Canada

Foreign minister Luis Almagro announced that Uruguay will work for a free trade agreement between Mercosur and Canada during the first half of the year when Uruguay holds the chair of the South American group that also includes Argentina, Brazil, Paraguay and Venezuela.

Canadian Ambassador Claire Poulin

Almagro made the announcement during the signing of a tax information exchange agreement with Uruguay with the purpose of attracting investments and facilitates the influx and outflow of capital.

At the ceremony in the Uruguayan Foreign Ministry, Minister Almagro and Canadian ambassador Claire Poulin underlined the significance of the accord and the fact the two countries have long shared values, principles and besides are “the two countries with ‘the lowest levels of corruption in the continent’.

“This agreement shows our international commitment to the fight against global fiscal evasion”, said Ms Poulin.

Almagro remarked the event occurs in the framework of “very dynamic bilateral relations between both countries” which includes preparing a visit to Ottawa by Uruguayan authorities programmed sometime in the next ten months.

“This happens when Uruguay holds the Mercosur chair and when we are making great efforts to promote Canada-Mercosur trade and investment relations”, added Minister Almagro. “Hopefully negotiations will find their natural course and then we can sit at a table and exchange proposals based on each side’s ambitions”.

In March 2012, Canada’s foreign trade minister Ed Fast said that closer links with Mercosur are a crucial element of the country’s foreign economic policy. At the time Fast visited Argentina, Brazil and Chile.

18 comments Feed

Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.

1 Shed-time (#) Feb 06th, 2013 - 10:08 pm Report abuse
Will it fail because of Argentina and they all be forced to make a statement about the Great Malvinas Myth?

100% likelihood.
2 Conqueror (#) Feb 06th, 2013 - 11:09 pm Report abuse
Word to Canada: Don't bother. And if you do, get their money up front.
3 JohnN (#) Feb 06th, 2013 - 11:49 pm Report abuse
““the two countries with ‘the lowest levels of corruption in the continent’.”
- Not exactly. Along with Canada's low Corruption Perception Index, which is same as Netherlands rank of 9 - and thus of Netherlands Antilles - Falkland Islands shares UK 2012 CPI rank of 17, USA is 19 and Uruguay is 20, - shared with Chile also at 20:
4 Nostrolldamus the 10th (#) Feb 07th, 2013 - 12:53 am Report abuse
Fo-get it.

Argentina wants no free trade with anyone. Sorry Uruguay, Brazil, and Paraguay.
5 Anglotino (#) Feb 07th, 2013 - 02:03 am Report abuse
The only country hurt by that proposal will be Argentina.

Please find me a rich and prosperous autarky!
6 andy65 (#) Feb 07th, 2013 - 03:33 am Report abuse
@4 Nostrolldamus the 10th, I am begining to think you are alittle KINKY you seem to like the idea of your country being on a path of self destruction.
7 Marcos Alejandro (#) Feb 07th, 2013 - 05:45 am Report abuse
3 JohnN
Do you still have over one wall of Victoria's harbor the names(code of arms) of all British colonies, including Malvinas?
8 Shed-time (#) Feb 07th, 2013 - 08:05 am Report abuse
@7 'Malvinas' doesn't exist, so I doubt it. They are just a big myth used to keep the uneducated masses of Argentina voting for hitlerism-peronism.
9 reality check (#) Feb 07th, 2013 - 11:09 am Report abuse
Q. Who's home town has a coat of arms that consists of a Knight, Bishop and Stone Mason, surrounding a blue shield, emblazoned with a yellow diagonal cross?
Here's a clue, he does not live in Argentina!
10 mastershakejb (#) Feb 07th, 2013 - 06:07 pm Report abuse
lol I thought NuestraDumbAss' post was by a Brit or someone trolling Arg as a joke......but then I realized it was actually an Arg being serious, even more hilarious! I think you're right andy65, he is kinky, and a bit fuckered in the brain at that. The other day I made a joke about the whole world against Argentina. And he responded seriously that it really was a war between “earth” and Argentina, roflmao
11 Brasileiro (#) Feb 07th, 2013 - 10:46 pm Report abuse
Canadá is good, but is a small market and population. Free trade with NAFTA is ideal. I think: Free trade with all Americans, free trade with Portugal and Spain, Free Trade with Angola, Moçambique and all CPLP (Portuguese Language Comunity). CPLP have eight nations:
- Portugal
- Brasil
- Angola
- Moçambique
- Guiné-Bissau
- Cabo Verde
- São Tomé and Príncipe
- Timor-Lorosae
But have too territories in Ásia:
- Goa (Índia)
- Damão (Índia)
- Diu (Índia)
- Macau (China)
Brasil is a leader from Portuguese Empire.
Ours brothers in the five continents need us. Free Trade with Brasil, is free trade with all CPLP!
12 reality check (#) Feb 08th, 2013 - 02:29 am Report abuse
Free trade for everyone. If you start listing them, not free, now is it?
13 Anglotino (#) Feb 08th, 2013 - 05:42 am Report abuse
11 Brasileiro

You say Canada is small and yet its economy is larger than every other economy you listed put together except for Brazil. So not that small.

Perhaps there is a reason that Uruguay is promoting free trade with Canada.
14 Mendoza Canadian (#) Feb 09th, 2013 - 10:54 am Report abuse
You mean mercosur has a purpose??
15 Brasileiro (#) Feb 09th, 2013 - 10:20 pm Report abuse
Canadá is a great country. Very good tecnology, prodution and a good quality of life for yours citizens. But very small market to ours products. To Canadá is good one deal for sell yours products, but no for us. More one little China, only. My opinion.
16 Anglotino (#) Feb 10th, 2013 - 01:12 am Report abuse
@15 Brasileiro

I'm not Canadian but I understand what you are saying. That Canada and Brazil are not complimentary markets. But this is about Uruguay pushing free trade and there is a reason for that.

Uruguay's income is much higher than neighbouring countries and perhaps it doesn't feel that Brazil and Argentina promote free trade enough due to their economic size.

Uruguay is a victim of geography but that can be overcome. It's recent interest in the Pacific Alliance with Paraguay shows that Mercosur isn't advancing Uruguay's interests.
17 Brasileiro (#) Feb 10th, 2013 - 03:17 pm Report abuse
@16 Anglotino,

Uruguay must be free. This is a dream from our last Imperator. Uruguay can firm deal, but have be strong. Brasil and Argentina are a important partners. Closed frontiers?
18 Clyde15 (#) Feb 12th, 2013 - 11:24 am Report abuse
What is the relevance of the video to free trade?
Some nice shots of aircraft flying but F-5's and A-4's are vintage aircraft.
I see that your government has had to postpone the purchase of new fighter/strike aircraft due to financial problems.

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!


Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!