MercoPress

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.

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’.

Uruguay inflation up 0.74% in January and 8.05% in the last twelve months

Fri, 03 Feb 2012 18:14:00 GMT

Uruguay's inflation rate rose in January 0.74% from December as housing, hotel and restaurant prices jumped, the national statistics agency, INE, reported this week. The consumer price index rose 8.05% on the year at the end of January, INE said.

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.

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.

Uruguay's ruling coalition has 7 points lead over the opposition

Mon, 30 Jan 2012 09:49:00 GMT

Uruguay’s ruling catch-all coalition, Broad Front, has a 44% support well ahead of any of the two main opposition parties, according to the latest public opinion poll released in Montevideo by Equipos Mori.

Chile, Brazil and Uruguay among the world’s leading exporters of wood chips

Mon, 30 Jan 2012 09:45:00 GMT

Wood chip exports from Latin America are on track to reach a record high of almost eight million tons in 2011, reports the Wood Resource Quarterly. This would be an increase of 7% from last year and of almost 60% higher than in 2006.

Mercosur is stalled: nobody comes knocking on the door, says Mujica

Mon, 30 Jan 2012 07:14:00 GMT

Uruguay's President José Mujica said that Mercosur bloc is "stalled" and has no natural institutional operation to push other countries to express their willingness to enter it plus lacking the fluidity of a natural relationship.

Moody’s raises Uruguay’s credit rating to Ba1, one level below investment grade

Fri, 27 Jan 2012 11:05:00 GMT

Uruguay’s credit-rating outlook was raised on Thursday to positive by Moody’s Investors Service, which cited the government’s commitment to keeping its budget deficit in check.