Ratings agency Moody's has given the UK high scores for economic governance but warns the country it faces formidable and rising challenges.
Venezuelan President Hugo Chávez arrived in Uruguay on Friday to push for his country's incorporation into the Mercosur trade bloc, in his first official trip abroad since undergoing cancer surgery in June.
Uruguayan President Jose Mujica addressing his peers at the Mercosur summit in Montevideo ratified the country’s position barring Falklands’ flagged vessels from Uruguayan ports in active support of Argentina’s sovereignty claim over South Atlantic Islands, which has led to a serious diplomatic controversy with the UK.
The Mercosur presidential summit in Montevideo has been temporarily suspended following the news that a member of the Argentine delegation had committed suicide which left delegation members in a state of shock.
The Inter-American Development Bank (IDB) will hold its Annual Meeting in Montevideo, Uruguay March 16-19, drawing top economic decision-makers from its 48 member countries, including finance ministers and central bank presidents.
“Any jurisdictional acts coming from Malvinas is invalid for us” and therefore Malvinas flagged vessels are barred from Uruguayan ports, a decision which is extensive to all Unasur members, said Uruguayan Foreign Affairs minister Luis Almagro.
Argentina supported by Brazil has proposed increasing Mercosur Foreign External Tariff to better defend the group when country members are being flooded with cheap imports.
Venezuelan President Hugo Chávez said he will travel on Tuesday to the Mercosur summit in Uruguay in his first official foreign trip since undergoing cancer surgery in June and a further sign he is feeling stronger.
Latin America’s projected 2011 export growth of 26% to approximately 1.1 trillion dollars continues the strong growth posted in 2010, according to new estimates by the Inter-American Development Bank (IDB).
The Uruguayan president Jose Mujica lost his temper in an incident with a journalist when he was asked what measures the government was planning to avoid a repeat of the situation with a Spanish flagged vessel chased by an Argentine Coast Guard unit and had to take refuge in Uruguayan waters.