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Montevideo, November 16th 2018 - 08:19 UTC

Uruguay convinced Mercosur will be more flexible regarding trade accords with third parties

Friday, May 15th 2015 - 07:53 UTC
Full article 10 comments
Uruguay believes there is a basic consensus to be more flexible in allowing Mercosur members to reach agreements with third parties, said Nin Novoa Uruguay believes there is a basic consensus to be more flexible in allowing Mercosur members to reach agreements with third parties, said Nin Novoa
President Dilma Rousseff, pressed by a slowing economy, is committed to search for bilateral agreements with third parties, outside Mercosur. President Dilma Rousseff, pressed by a slowing economy, is committed to search for bilateral agreements with third parties, outside Mercosur.
Tabare Vazquez is expected next week in Brasilia to address the issue with his peer Rousseff, which also has the support from Paraguay Tabare Vazquez is expected next week in Brasilia to address the issue with his peer Rousseff, which also has the support from Paraguay

Mercosur countries have reached a basic consensus to look for mechanisms that will allow individual members to negotiate trade agreements outside the block, announced Uruguay's foreign minister Rodolfo Nin Novoa, who has been leading a strong campaign (with Brazilian support) on the issue.

 This means that Decision 32/00 which forces members to negotiates in block 'will be made flexible'.

“Uruguay has consulted all member countries, and with some with some difficulties, but there is a basic consensus, there is an understanding on the need to work for a proposal of this kind” said Nin Novoa, because the target is for “Mercosur to incorporate to the main trade currents of the world, which means more trade agreements”.

“Brazil, Paraguay and Uruguay are synchronized” underlined the minister. “I'm sure we are on the right path”.

Since taking office as foreign minister last March first when the inauguration of president Tabare Vazquez, Uruguay's official policy has been to achieve Mercosur flexibilization, denied by Decision 32/2000, which demands group negotiations when involving third parties.

The controversial resolution states that Mercosur members can only negotiate jointly trade agreements with third countries or group of countries extra-region in which tariff preferences are implemented.

To that respect Mercosur has been lagging, discussions for an overall trade and cooperation agreement with the European Union were started in 1999, again in 2004 and now remain stalled at the joint tariffs' reduction proposals to be exchanged with the EU. This hurdle is inevitable to keep advancing and sideline talks are expected next month in Brussels when EU holds talks with Celac members. Celac stands for Latin American and Caribbean states Community.

Last week Brazil's Development, industry and foreign trade minister Armando Monteiro, in a similar vein made it clear that the government of President Dilma Rousseff, pressed by a slowing economy, is committed to search for bilateral agreements with third parties, outside Mercosur.

The Mercosur/EU trade agreement will be top of the agenda when president Vazquez flies next week to meet with Dilma Rousseff in Brasilia.

Top Comments

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  • ChrisR

    I have no idea why really important things which concern the economies of countries take years and years in SA to come to fruition; other than the constant change of governments and the corresponding waste of time with all the posturing at elections, the presidential “waiting time” for the handover AND the learning curve for the new flock of children to take “CHARGE” (AS IF) just FUCKS EVERYTHING UP!

    May 15th, 2015 - 11:32 am 0
  • Chicureo

    ChrisR

    That's exactly why nothing really gets done. (Even if a radical idea does come to reality... It is later discovered to be poorly planned (Like Brasilia) or politicians double cross the treaty agreements (trans-Andean gas pipeline) or... You get the idea. Even now in Chile, we're seeing our development come slowly to a stop as the Socialists are discouraging new investment.

    May 15th, 2015 - 02:20 pm 0
  • Lagow

    @1 South America its a whole continent and what you mention does not include all off them. Merco-Sur it's only five countries.

    May 15th, 2015 - 03:04 pm 0
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