Uruguay's foreign minister Rodolfo Nin Novoa called on Mercosur to overcome hollow rhetoric and advance towards the elimination of barriers which restrict access to other markets and intra-region trade.
We want to overcome the hollow rhetoric, that which underlines the values of unity and development of our peoples, and at the same time puts at risk our jobs and development capabilities, said Nin Novoa adding the need to establish a 'rigorous chronogram of progressive reduction and elimination of tariffs, in such a way to dispel restrictions on market access and the existence of non tariff barriers to trade.
Nin Novoa also proposed a review of the founding Asunción Treaty from 1991, to help solve internal controversies, make more flexible rules and procedures and more adaptable to the ups and downs of the international scenario which influence on Mercosur' development planning.
The official revealed that Uruguay's exports to certain countries have lost dynamism in the last three years which is 'disappointing and of concern', and insisted in the need for Mercosur member countries to negotiate trade accords with third parties.
Given Mercosur lack of political will or capacity to establish negotiations with third parties, we must be in a position to conduct such discussions with those members that are really interested in advancing. The risk of being left out of the global value-networks is very high” pointed out Nin Novoa.
Finally Nin Novoa mentioned as examples Uruguay's free trade agreement with Mexico, signed fifteen years ago, and current talks to join the TISA (trade in services agreement) initiative for the liberalization of the services sector.
Top Comments
Disclaimer & comment rulesLooks like good sense to me, pity 'Breakdowns R Us' brotherhood of Latin America is full of crooks, just like The Broad Fraud.
May 06th, 2015 - 11:06 am 0Vasquez has made a good start by rowing back on some of 'No Money Pepe's' more foolish actions: putting the grass legislation out to grass (pardon the pun) for one.
Now all he has to do it get rid of the thieving commies and all the other itsy-bitsy 'parties' and operate like a grown up party should. Oh! If he did that NOBODY in The Broad Fraud would get elected!
Uruguay: crazy for all these years after the Tupa sedition.
What a dick.
May 06th, 2015 - 12:59 pm 0“We want to overcome the hollow rhetoric, that which underlines the values of unity and development of our peoples, and at the same time puts at risk our jobs and development capabilities”, said Nin Novoa adding the need to establish a 'rigorous chronogram of progressive reduction and elimination of tariffs, in such a way to dispel restrictions on market access and the existence of non tariff barriers to trade“. What's a chronogram? Any other words that the 'man in the street' wouldn't understand? Not surprising. A teensy bit of research suggests he'll 'swing with the wind' for power.
Regardless of whatever he meant by 'hollow rhetoric', he's right , in the sense that the Mercosur Trade Agreement has no more substance. It has become a forum for expressing political grievances, and and what it is least concerned about, is promoting free trade amongst its members....As it stands, it is next to useless, and should be replaced by an agreement that works and fulfils its intended purpose.
May 06th, 2015 - 02:25 pm 0Commenting for this story is now closed.
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