Mercosur power integration is “absurd” without Paraguay

Wednesday, July 8th 2009 - 08:07 UTC

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Mercosur asymmetries in power generation are overwhelming and almost absurd, with Paraguay the main power exporter in South America unable to dispose of its energy surplus, claimed Ricardo Canese, member of the Mercosur Parliament in representation of Paraguay. Read full article

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William
This is a very interesting, yet sad but comoon topic in ancient and modern world, which unfortunately lacks interest of the bigger economies. I have read about the asymmetry in all respects between Paraguay and its neighbors and I find Brazil's and Argentina's attitud towards Paraguay's smaller economy to be extremely unfair and selfish. It is true that Brazil tries to hold on to a treaty signed back in the 70s and by two dictator governments regarding the hydroelectric production of ITAIPU. The terms of that treaty and the prices considered are way out of date to the extreme that Paraguay, as I understand, gets not even a 10% of the market price today for its exported energy to Brazil. Also there is a total lack of cooperation from neighboring Brazil and Argentina to smaller business and companies from Paraguay. The asymmetry in treatment in terms of trade is alarming and Paraguay lacks strength to confront its bigger neighbors so the unfair or unjust treatment towards this smaller economy will most likely continue, which sadly is something not very uncommon in our world. What do we “developed nations” do about that kind of unjustice? mostly nothing!
Jul 19th, 2009 - 12:07 am - Link - Report abuse 0
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