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MercoPress, en Español

Montevideo, July 5th 2025 - 17:38 UTC

Economy

  • Tuesday, July 4th 2023 - 10:55 UTC

    Argentina insists on local currency agreements within Mercosur

    “The use of local currencies in bilateral trade relieves the pressure on the use of reserves and on the exchange rate issue,” Massa argued

    Argentine Economy Minister Sergio Massa said Monday in Puerto Iguazú during a conference with his Mercosur peers on the opening day of the bloc's 62nd Summit in the province of Misiones, that “in order to strengthen intra-Mercosur trade, it is essential to consolidate local currency agreements among our countries.”

  • Tuesday, July 4th 2023 - 10:43 UTC

    Brazil's beef and pork exports in June represented some US$ 980 million

    Brazil exported in June 154,625 tons, with a daily average of 9,664 tons, while the average price per ton was US$ 5,080.40.

    Brazil's exports of beef and pork have retaken volumes from before the pandemic, as reported by Canal Rural. For example foreign sales of fresh, frozen, or refrigerated beef generated US$ 785.557 million in June (16 working days), with a daily average of US$ 49.097 million. The total amount exported by the country reached 154,625 tons, with a daily average of 9,664 tons, while the average price per ton was US$ 5,080.40.

  • Tuesday, July 4th 2023 - 10:27 UTC

    Yellen travels to China to restore a healthy economic relation, “destabilization punishes both countries”

    The trip comes as part of a push by US President Joe Biden to deepen communications between the world's two largest economies.

    United States Treasury Secretary Janet Yellen will travel to China this week to restore ties, the Treasury Department announced. Yellen, who will be in Beijing from July 6-9, will meet with high-ranking representatives of the Chinese government but not China's President Xi Jinping.

  • Tuesday, July 4th 2023 - 10:17 UTC

    Paraguayan FM calls for more efficient Mercosur

    “Without free circulation of goods and services, deepening our productive integration becomes a chimera,” Arriola stressed

    Paraguayan Foreign Minister Julio César Arriola Monday called for a “more effective and efficient” Mercosur during the bloc's two-day summit in Puerto Iguazu in the Argentine province of Misiones.

  • Monday, July 3rd 2023 - 10:09 UTC

    Peru to assume pro tempore presidency of Pacific Alliance

    Mathews also highlighted Peru's performance in terms of export progress

    Peru will finally take over the pro tempore presidency of the Pacific Alliance (PA) on Aug. 1, after which progress is expected in trade, tourism, and investments, Foreign Trade Minister Juan Carlos Mathews said Sunday in a TV interview.

  • Saturday, July 1st 2023 - 10:53 UTC

    Brazil/Argentina bilateral trade better, but still lacks the dynamism of past years

    Brazilian sales to Argentina have grown by 26.9% compared to the same period last year, while imports increased by 4%.

    Trade relations between Brazil and Argentina are improving with an overall volume of US$12.5 billion in the first five months of this year. Brazil exported US$7.5 billion worth of goods and imported US$ 5 billion from Argentina, according to the Comexstat portal of the Brazilian Ministry of Industry, Commerce, and Services.

  • Saturday, July 1st 2023 - 10:49 UTC

    Mercosur members challenge Argentina toll fee on Parana/Paraguay waterway

    The Parana/Paraguay with its barges is crucial for the foreign trade of landlocked countries such as Paraguay and Bolivia

    Delegations from Paraguay, Bolivia, Brazil, and Uruguay recently convened a meeting to challenge Argentina’s imposition of a toll fee on the Paraná-Paraguay Waterway. The neighboring countries argued that the evidence presented by Argentina did not provide enough services to justify the charge.

  • Friday, June 30th 2023 - 10:28 UTC

    Argentina to pay the IMF with Chinese money

    Argentines will also be able to open bank accounts in yuan, the BCRA ruled

    Argentine authorities Thursday announced that ”the payment of 2.7 billion dollars to the IMF corresponding to the second quarter will be made, partly in Special Drawing Rights (SDR) of the Treasury and partly with yuan, without using Central Bank reserves.”

  • Friday, June 30th 2023 - 08:01 UTC

    Falklands Government acquires Stanley Growers provider of 90% of fresh vegetables and fruit

    Some of the valuable producing land of Stanley Growers. (Pic Stanley Nurseries & Garden Centre)

    Last 21 June it was announced that the Falkland Islands Government (FIG) would be acquiring Stanley Growers Limited and Stanley Nurseries and Garden Centre and the land which both businesses occupy, with the intention of managing the business for a time before selling it.

  • Thursday, June 29th 2023 - 10:42 UTC

    Portuguese President wants EU-Mercosur deal ratified this year

    “If we choose the path of democracy, we choose the path of the dignity of the person,” Rebelo stressed

    Portugal's President Marcelo Rebelo de Sousa said Wednesday it was essential that an agreement between Mercosur and the European Union (EU) “be concluded as soon as possible,” Agencia Brasil reported. Rebelo made those remarks during a forum in Lisbon which was also attended by Brazilian Vice President Geraldo Alckmin, who is also the South American country's Minister of Development, Industry, Commerce, and Services.