Economy

Thursday, May 26th 2022 - 10:40 UTC
Brazil cuts down Mercosur external tariffs yet again

In a move to contain inflation ahead of this year's Oct. 2 elections, Brazil's Chamber of Foreign Trade decided to cut down the Mercosur Common External Tariff (TEC) by 10% on items such as beans, meat, pasta, cookies, rice, and construction materials, the Ministry of Economy announced.
Thursday, May 26th 2022 - 10:20 UTC
Scioli: Argentina and Brazil will guarantee food and energy for the region

Argentina's Ambassador Daniel Scioli Wednesday highlighted the integration process with Brazil and the current relationship between South America's two largest countries, which will “together guarantee food and energy for the region.”
Thursday, May 26th 2022 - 10:08 UTC
GSK to open distribution hub in Montevideo

Pharmaceutical giant GlaxoSmithKline (GSK) will open one of its “three new regional vaccine distribution centers” in Uruguay, it was announced during President Luis Lacalle Pou's trip to London.
Thursday, May 26th 2022 - 08:20 UTC
Chinese economy stalling: combating Covid-19 and keeping jobs more significant than GDP growth criteria

The Chinese economy is not working as smoothly as expected and is facing many challenges, admitted Premier Li Keqiang during a major conference on Wednesday.
Thursday, May 26th 2022 - 07:45 UTC
Brazil expects a slowdown of China trade, but will still enjoy a healthy surplus

Brazil expects a slower growth of exports this year as China implements strict lockdown measures to contain the spread of Covid-19. Nevertheless, China will help to boost Brazil's trade surplus points out Foreign Trade Indicator (Icomex) data, released by Getulio Vargas Foundation (FGV), the country's leading think tank..
Tuesday, May 24th 2022 - 10:33 UTC
UK Foreign office releases paper on Business Risks in Uruguay

Uruguayan president Luis Lacalle Pou is currently on a four-day visit to Great Britain, invited by Prime Minister Boris Johnson. According to Uruguayan officials, the main purpose of the visit is to promote trade and investments and reinforce the strong historic ties between the two countries.
Tuesday, May 24th 2022 - 10:25 UTC
Argentina: Domestic Trade Secretary resigns over ministerial rearrangement

Argentina's Domestic Trade Secretary Roberto Feletti has turned in his resignation after his office was relocated from the Ministry of Productive Development to the Ministry of Economy.
Tuesday, May 24th 2022 - 10:25 UTC
Investing elsewhere too easy for Argentine entrepreneurs

Argentine entrepreneurial migrants who seek a better future elsewhere prefer Uruguay, Paraguay, Bahamas, and Portugal to start anew, it was reported.
Tuesday, May 24th 2022 - 09:54 UTC
Argentina: Water emergency extended, insufficient rainfall in main rivers' basins

Argentina has announced that it will extend the Water Emergency Crisis warning for another six months due to insufficient rainfall in the Paraná, Paraguay, and Iguazú river basins.
Monday, May 23rd 2022 - 23:54 UTC
Lacalle Pou with a green message in London: Uruguay “is among the strongest democracies in the world”

By Graham Bound for MercoPress (London) – Only on the most serene of news-days might a visit to the United Kingdom by the President of Uruguay make headlines in the country’s newspapers and broadcast bulletins. For a little while it actually looked as if there might be just such a benign news environment. But as President Luis Lacalle Pou took his seat at Canning House, the Latin America and Iberia think tank, on Monday evening to deliver a lecture titled “Uruguay, a Reliable Gateway to South America – Opportunities in Green Finance”, he must have known that he had been totally eclipsed by his host, the British Prime Minister Boris Johnson.