Economy

Saturday, October 9th 2021 - 09:55 UTC
Agreement reached between Argentina, Brazil to cut down common external tariffs by 10%

The Governments of Argentina and Brazil Friday agreed to cut down the common external tariffs (CET) by 10% “in a very wide universe of products” after months of tensions among members of Mercosur on the issue.
Saturday, October 9th 2021 - 09:03 UTC
Uruguay will trade with the world, President Lacalle announces

Uruguayan President Luis Lacalle Pou Friday told the America Business Forum in Punta del Este that his country was moving forward in trading with the world because it is what needs to be done.
Friday, October 8th 2021 - 07:41 UTC
World food prices rose 1,2% in September and 32,8% year to year, FAO

World food commodity prices rose in September, led by tightening supply conditions and robust demand for staples such as wheat and palm oil, the Food and Agriculture Organization of the United Nations (FAO) reported. FAO's Food Price Index averaged 130.0 points in September, up 1.2% from August and 32.8% higher than in September 2020. The index tracks monthly changes in the international prices of commonly traded food commodities.
Thursday, October 7th 2021 - 23:12 UTC
Argentine also affected by sharp increase in the price of freight

The Argentine Agroindustrial Council (CAA) Thursday issued a statement whereby it warned that “the marine logistics collapse is severely limiting agri-food exports.”
Thursday, October 7th 2021 - 09:50 UTC
Peru's President Castillo sacks far-left Prime Minister Bellido

Peru's President Pedro Castillo Terrones has suffered his first ministerial reshuffle Wednesday following the resignation of Prime Minister Guido Bellido.
Thursday, October 7th 2021 - 09:50 UTC
IMF praises Uruguay's handling of the pandemic and forecasts 3,4% recovery this year

The IMF elaborated and presented this month a preliminary statement on the situation of the Uruguayan economy based on Article IV mission findings.
Thursday, October 7th 2021 - 09:17 UTC
WTO predicts global merchandise trade volume growth of 10,8% this year

The World Trade Organization, WTO, is now predicting global merchandise trade volume growth of 10.8% in 2021—up from 8.0% forecasted in March—followed by a 4.7% rise in 2022.
Wednesday, October 6th 2021 - 19:22 UTC
A Coup Attempt at the IMF

By Joseph E. Stiglitz (*) - Kristalina Georgieva, the IMF's Managing Director since 2019, has been a bold leader in confronting the economic fallout of the pandemic, as well as in positioning the Fund as a global pioneer on climate change. The efforts now underway to remove her are not only unjust but could hamstring the Fund's management for years to come.
Wednesday, October 6th 2021 - 09:55 UTC
Chilean opposition agree to seek Piñera's impeachment in view of Pandora Papers

Chile's opposition has agreed Tuesday to seek the impeachment of President Sebastián Piñera after the head of state's name came out in the so-called Pandora Papers report, which mentioned political leaders and celebrities worldwide who have or have had investments in tax havens.
Wednesday, October 6th 2021 - 09:28 UTC
Uruguay, “cooperating jurisdiction” of EU

After reports Tuesday announced the reinstatement of Uruguay and also Costa Rica by the European Union to the “grey” list of tax havens, Montevideo was quick to reply all the EU had done was ratify “the status of Uruguay as a cooperating jurisdiction.”