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MercoPress, en Español

Montevideo, June 6th 2025 - 13:06 UTC

Latin America

  • Saturday, December 7th 2024 - 10:59 UTC

    FTA to represent 5.1% increase in Brazil's commerce with EU

    The results will be seen by 2044, it was explained

    A Brazilian expert foresees that the Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) will represent a 5.1% increase in commerce with the bloc that is already South America's largest country's second-largest partner, behind China, Agencia Brasil reported. These projections would mean a 0.34% rise in the Gross Domestic Product (GDP), the sum of goods and services produced in the country.

  • Saturday, December 7th 2024 - 10:50 UTC

    Aerolíneas Argentinas and LATAM sign game-changing agreement

    LATAM and Aerolíneas together are arguably the largest alliance in South America

    Aerolíneas Argentinas and LATAM Airlines signed a key agreement for codeshare flights and reciprocity within their fidelity programs, thus resulting in arguably the largest alliance in South America. The understanding allows the sale of tickets on domestic and regional routes between both companies in addition to the accrual and redemption of miles, thus benefiting 48 million LATAM Pass members and more than 4 million Aerolíneas Plus members.

  • Saturday, December 7th 2024 - 10:48 UTC

    Panama becomes Mercosur associate State

    Mulino signed the agreement on behalf of Panama

    Panamian President José Raúl Mulino Friday signed his country's accession to the Southern Common Market as an associate State during the bloc's 65th Leaders Summit in Montevideo, on the sidelines of which the finalization of the Free Trade Agreement (FTA) with the European Union (EU) was also announced.

  • Thursday, December 5th 2024 - 21:09 UTC

    Bolivia's main airport out of operation for hours

    The former FedEx aircraft blocked Viru Viru's runway for a few hours after a landing gear problem

    An undercarriage failure resulted in a Transporte Aéreo Boliviano (TAB) McDonnell-Douglas freighter blocking the only runway at Santa Cruz de la Sierra's Viru Viru International Airport early Thursday. It was not until way past dawn that operations went back to normal. In the meantime, most flights were diverted to Asunción (Paraguay).

  • Thursday, December 5th 2024 - 20:38 UTC

    Petro decorates Mujica with Colombia's highest distinction

    Both former guerrilla fighters highlighted how much they have in common

    Colombian President Gustavo Petro Thursday decorated Uruguay's former head of State José Pepe Mujica with the Order of Boyacá for his commitment to regional peace. The ceremony was held at Mujica's residence in Rincón del Cerro, on the outskirts of the country's capital, where the 89-year-old leftwing leader welcomed a group of his supporters.

  • Thursday, December 5th 2024 - 09:33 UTC

    US financing could boost development of yet another megaport in Peru

    In the meantime, Chancay continues to grow as a key point for trade with Asia

    Peruvian media have reported on the alleged interest of the United States in funding the southern port of Corío, in Arequipa, to match the Chancay Megaport opened in northern Lima last month and built with China's support. However, there are still administrative and technical challenges to overcome before Corío can consolidate itself as a direct competitor in international trade.

  • Thursday, December 5th 2024 - 02:57 UTC

    Explore Forex trading opportunities in the LatAm markets

    Photo: Freepik

    Latin American (LatAm) countries rely primarily on their agriculture and mining sectors, using the vast arable lands and mineral-rich resources to develop their economies. The region has a population of over 665 million and a GDP of $6 trillion. This growing market is ripe for technological development that investors can benefit from.

  • Wednesday, December 4th 2024 - 10:00 UTC

    Former Bolivian president Sánchez de Lozada sentenced to 6 years in jail

    Sánchez de Losada, 94, has lived in the United States since fleeing Bolivia amid social unrest resulting in some 60 deaths

    Bolivia's Supreme Court of Justice (TSJ) Tuesday sentenced former President Gonzalo Sánchez de Lozada (1993-1997 and 2002-2003) to 6 years in jail for signing numerous oil contracts without parliamentary approval. The 94-year-old former head of State resides in the United States and it remains to be seen whether he can be extradited.

  • Tuesday, December 3rd 2024 - 10:33 UTC

    What will the Mercosur summit discuss?

    As Uruguay prepares to hand over Mercosur’s pro tempore presidency to Argentina, this summit could define the bloc’s path forward amid global trade uncertainties

    Montevideo will host the XLV Mercosur Summit on 5-6 December, bringing together South American leaders to discuss pressing regional issues. Outgoing Uruguayan President Luis Lacalle Pou will chair the meeting, along with Argentina's Javier Milei, Brazil's Luiz Inácio Lula da Silva and Paraguay's Santiago Peña. Uruguay's President-elect Yamandú Orsi will also attend.

  • Saturday, November 30th 2024 - 10:55 UTC

    Chilean Governor announces ambitious Tierra del Fuego tunnel project

    The initiative seeks to replace the current crossing of the Strait of Magellan by barge

    Governor Jorge Flies of the Chilean Magallanes and Antarctica Region announced a project to build an underwater tunnel linking the mainland with Tierra del Fuego, an initiative from which Argentina would also benefit. The proposal submitted during a National Conference on Policies for Extreme Zones in Chile seeks to replace the current barge 3.7 kilometers crossing through the Strait of Magellan. The 4-kilometer submarine tunnel would entail a US$1.5 billion investment.