Uruguay swears allegiance to Mercosur, but will negotiate independently with third countries

Thursday, July 8th 2021 - 09:58 UTC

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On the eve of Thursday's Mercosur summit, Uruguay informed its partners that it will proceed with negotiations, expecting to reach trade agreements with third parties or blocks, outside of the four founding members group. Read full article

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Brasileiro
When a company decides to invest in a small country like Uruguay, it is thinking about reaching a much larger consumer market, Mercosul. As soon as the trade bloc weakens, investors will think twice about immobilizing their money in Uruguay, precisely because of fear that Mercosul will dissolve.

Furthermore, there is a risk that investments that have already started may suffer a break in continuity, be halted or reduced, given the uncertainties of trade policies.

Brazil's occupying government just wants an excuse to extinguish Mercosur and turn its back on South America.

For now the US Empire seems to be winning.
Jul 08th, 2021 - 11:31 am - Link - Report abuse 0
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