Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, January 19th 2026 - 01:03 UTC

Economy

  • Thursday, July 6th 2023 - 09:53 UTC

    Higher economic growth, less inflation projected in Brazil

    Inflation below expectations stems from the appreciation of the Brazilian Real, Ipea said

    Brazil's Institute for Applied Economic Research (Ipea) has revised its forecasts and now foresees larger economic growth and smaller inflation this year, Agencia Brasil reported.

  • Wednesday, July 5th 2023 - 10:39 UTC

    Uruguayan exports drop again in June

    Sales to Argentina fell by 60%, the study showed

    Uruguayan overall exports fell sharply in June for the second straight month this year, as reported in Montevideo. The new decrease in foreign sales “was mainly explained by the negative variations in soybean and beef sales.”

  • Wednesday, July 5th 2023 - 10:32 UTC

    Bolivian leader in favor of switching from US dollars to yuan

    “Our region is seriously affected by the restrictions and regulations imposed by the US financial system,” Arce told the Mercosur summit

    Luis Arce Catacora, president of Bolivia, a Mercosur associate nation that has long been trying to become a full member of the bloc, said Tuesday during the 62nd Summit in Puerto Iguazú (Argentina) that it was time we “move[d] away from the [US] dollar to base ourselves on the [Chinese] yuan and strengthen our own currencies.”

  • 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.