MercoPress

Mujica says Mercosur is “a chewing gum”; promises trade deals with third countries

Thu, 09 Feb 2012 23:17:00 GMT

Mercosur from a real point of view exits, but institutionally it’s a “chewing gum” claimed Uruguayan president Jose Mujica who anticipated he would demand from the block’s partners that Uruguay be allowed to sign bilateral trade agreements with third parties.

Uruguayan cabinet divided over how to address Argentine trade restrictions

Wed, 08 Feb 2012 06:21:00 GMT

The latest round of imports’ restrictions imposed by the government of President Cristina Fernandez and how to address them have triggered a serious debate inside the ministerial cabinet of Uruguayan president Jose Mujica.

Argentina and Brazil want corporations to reinvest and not send profits overseas

Wed, 08 Feb 2012 06:17:00 GMT

President Cristina Fernandez hopes to convince Brazil to join Argentina in its campaign against the multinational corporations in an effort to balance trade balances in the midst of the global crisis spurred by the Euro crisis, China’s slow reaction and the US economy which still has to recover from the full impact of the 2008/09 recession.

Argentina/Brazil admit ‘good understanding’ in round of trade talks to lift restrictions

Tue, 07 Feb 2012 06:15:00 GMT

The meeting between Argentine and Brazilian officials to discuss the new trade legislation implemented by the government of President Cristina Fernandez ended in a “good understanding”, said participants of the Monday meeting.

Uruguayan president downplays the impact of Argentine imports’ restrictions

Mon, 06 Feb 2012 07:16:00 GMT

The new trade barriers enforced by the Argentine government are “insignificant, nothing to worry about,” Uruguayan president José Mujíca said to a Montevideo newspaper insisting that the best path is ‘dialogue’ dismounting each obstacle ‘step by step’.

Brazil follows Argentina: sets up a special unit to monitor and control imports

Fri, 03 Feb 2012 23:04:00 GMT

Following on Argentina’s track the Brazilian government created a special unit to monitor and control imports in the framework of the country’s new trade policy implemented by the administration of President Dilma Rousseff.

Brazil will evaluate the impact and legality of Argentina’s latest trade barriers

Thu, 02 Feb 2012 05:47:00 GMT

The Brazilian government expressed concerns over the new Argentine trade barriers going in effect on Wednesday and informed that it would “evaluate its impact and legality” before making any decisions, Foreign Trade secretary Tatiana Prazeres announced.

Argentina new imports’ restrictions come into effect; claims from Mercosur

Wed, 01 Feb 2012 16:08:00 GMT

Argentina’s controversial new import restrictions came into effect on Wednesday as part of the legislation on the trading sector which gives the government bureaucracy more powers to control and restrict imports.

Paraguayan beef exports forecasted to plummet 30% because of FMD outbreaks

Wed, 01 Feb 2012 07:48:00 GMT

The value of Paraguayan beef exports could drop 30% in 2012 compared to the previous year given the loss of markets following two outbreaks of Foot and Mouth Disease, FMD, points out the country’ Centre for Analysis of the Paraguayan Economy, CADEP.

Uruguay industry accuses Argentina of systematically blocking exports

Tue, 31 Jan 2012 05:32:00 GMT

The Uruguayan industrial sector warned that certain members of the Mercosur “are failing to fulfil their obligations” and targeted Argentina directly by pointing out that the new trade regulations set by the local Government “are hurting production" in the neighbouring country.