On Saturday 26 March the Asuncion Treaty, which gave birth to Mercosur, the Common Market of the South, will be 25, and even with celebration plans the mood of its members is not enthusiastic following years of too much ideology and too little trade and business, distant from the original idea and purpose.
The attempt by Uruguay to draft a strong Mercosur and Unasur resolution in support of embattled Brazilian president Dilma Rousseff has foundered. Argentina is only prepared to express support for Brazil's institutions while Chile and Paraguay have balked at the idea of personalizing the issue in Rousseff and her Workers Party.
The Association of Graduates of British Universities (GBUA) together with the Association of Young Entrepreneurs (AJE Uruguay), organized a panel in which young Uruguayan entrepreneurs spoke about their experiences of doing business with the UK.
Unasur, the Union of South American Nations is divided on how to address the Brazilian situation: while Uruguay, Venezuela, Ecuador and Bolivia have agreed on a strong statement in support of president Dilma Rousseff, Argentina expressed 'institutional support' and Chile abstained.
Argentina is willing to “make concessions” in order to move forward with a free-trade agreement between Mercosur and the European Union (EU), which will likely allow a greater export of agricultural produce, according to Argentina's Trade Secretary Miguel Braun who then reveled that trade offers will be exchanged on April 8.
Mercosur and the European Union will exchange trade proposals in April, a key step for the long delayed trade and cooperation agreement between the two blocks and which has gained strength since the change of administration in Argentina with president Mauricio Macri.
France’s Total SA announced it is preparing to begin drilling one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Uruguayan waters. A discovery could extend an exploration boom in a country that currently imports all of its oil and gas needs.
The United Kingdom and Uruguay are implementing a program in science education and innovation, part of an ambitious umbrella project which consists of a series of training opportunities offered by British experts in Science, Technology, Engineering and Mathematics (STEM) for almost 100 teachers of primary and secondary school and teacher trainers, due to an agreement with CFE.
Uruguay's former president Luis Lacalle Herrera said that an air bridge between Montevideo and the Falklands/Malvinas Islands is 'viable' and was optimistic about such an opportunity in the near future.
United Kingdom and Uruguay signed a convention to avoid double taxation and prevent fiscal evasion related to taxes on income and on capital. British Ambassador Ben Lyster-Binns and the Uruguayan Foreign Minister Rodolfo Nin Novoa signed the agreement in a ceremony at the Palacio Santos in Montevideo.