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MercoPress, en Español

Montevideo, November 24th 2024 - 20:53 UTC

Economy

  • Wednesday, January 25th 2023 - 18:58 UTC

    Lula in favor of Mercosur-China FTA

    “Despite the fact that Brazil is a great trade ally of China we want to talk about Mercosur discussing with our Chinese friends a Mercosur-China agreement,” Lula said

    Brazilian President Luiz Inácio Lula Da Silva said Wednesday in Montevideo that he agreed to open up Mercosur and pursue a free trade agreement (FTA) with China.

  • Tuesday, January 24th 2023 - 08:42 UTC

    A currency of South American circulation, “in the long term”

    They will also share the intention of creating, in the long term, a currency of South American circulation

    In the eighty plus Cooperation Declaration signed by Argentina and Brazil this Monday in Buenos Aires are included many different areas and topics, and one of them has been most promoted by the Argentine Media, very much sponsored by the current Fernandez-Kirchner administration, and refers to an alleged bilateral “common currency”.

  • Tuesday, January 24th 2023 - 08:30 UTC

    EU and Brazil address the 2007 strategic partnership and bilateral relations

    Acting president Gerardo Alckmin received EU Commission Frans Timmermans

    Brazilian Vice-President Geraldo Alckmin currently acting as President while Luiz Inácio Lula da Silva is in Argentina for the CELAC meeting, met in Brasilia with the Executive Vice-president of the European Commission Frans Timmermans to address deepening of bilateral relations, in the framework of the 2007 strategic partnership existent between the European Union and Latin America's largest economy .

  • Monday, January 23rd 2023 - 18:56 UTC

    Uruguay's FTA with China would endanger Mercosur, Vieira says

    Brazil will take over as pro tempore president of Mercosur in the second half of 2023, Vieira also underlined

    Brazil's Foreign Minister Mauro Vieira told Folha de Sao Paulo that a possible free trade agreement between Uruguay and China would endanger the future of the South American Common Market (Mercosur). In Vieira's view, such a move would contradict the bloc's integration policies.

  • Monday, January 23rd 2023 - 10:14 UTC

    Hopefully, CELAC will “help us deepen links with China”, Argentine president

    “China in the region acts respecting our logic and our policies. They have been most respectful with the country, and I am very grateful”.

    Argentine president Alberto Fernandez is confident that “Celac can help deepen links with China”, and strongly criticized the United States for “demonizing” the Asian giant. On Monday/Tuesday Argentina and president Fernandez will be hosting the Community of Latin American and Caribbean, CELAC, seventh summit of heads of state when all the leaders of the region are expected to attend, including the 'bad boys' of the club such as Nicolas Maduro from Venezuela, Cuban president Miguel Días Canel and Nicaragua's Daniel Ortega.

  • Monday, January 23rd 2023 - 09:57 UTC

    Lula da Silva overshadowing Mercosur diplomacy and trade agreements

    “If negotiations take place outside the Common External Tariff, they will destroy the common tariff, and destroying the tariff and Mercosur is in nobody's interest”

    A free trade agreement between Uruguay and China would destroy Mercosur since it contradicts the block's integration policies, according to Brazilian Foreign Minister Mauro Vieira said in a Sunday interview with Folha de Sao Paulo, a leading daily of the country's financial capital.

  • Saturday, January 21st 2023 - 11:33 UTC

    Argentine mining exports hit highest level since 2012

    Lithium exports grew 220% interannually

    According to a report released this week by Argentina's Mining Secretariat, the South American country's sales abroad of these minerals totaled US$ 322 million in December of 2022, with 98% of shipments stemming from the provinces of Santa Cruz (44.6%), San Juan (22.4%), Jujuy (19.1%), Salta (7.7%) and Catamarca (4.0%).

  • Saturday, January 21st 2023 - 10:22 UTC

    UK cost of living: King Charles wants profits from his wind farm be distributed among the public

    In 2022, the annual profits of six wind farms totaled some 1 billion pounds (US$ 1.2 million). The king has asked that this money be redistributed to the public.

    King Charles III has requested that the annual profits from his wind farm deal be directed towards helping the cost of living crisis in the UK rather than support the royal family, the Crown Estate confirmed this week.

  • Saturday, January 21st 2023 - 10:18 UTC

    Brazilian 2022 agribusiness exports totaled US$ 160bn, up 32% from previous year

    The price index of products exported by agribusiness increased 22.1% compared to 2021, and the volume shipped grew by 8.1%.

    Brazilian agribusiness exports totaled almost US$ 160 billion in 2022, up 32% over the previous year, influenced by the performance of international prices, according to the Secretariat of Trade and International Relations (SCRI) from the Ministry of Agriculture and Livestock

  • Saturday, January 21st 2023 - 10:10 UTC

    US/Brazil bilateral trade reaches a new record, US$ 88,7 billion

    The growth of exports from Brazil to the world was 19.3%, while to the United States, it was 20.2%.

    Trade between Brazil and the United States in 2022 reached a historic level of US$ 88.7 billion. An original analysis of Amcham’s “Brazil-US Trade Monitor”, release by Canal Rural, indicates that the value surpassed the previous record set in 2021 by US$18.2 billion (25.8%).