Mercosur

• Wednesday, August 10th 2022 - 19:38 UTC

  Brazil and Paraguay cut down energy prices at Itaipu

  

  Authorities from Brazil and Paraguay have announced a reduction in the price of energy from the binational Itaipu power plant from US$ 22.60 to US$20.75 per kilowatt.

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• Wednesday, August 10th 2022 - 09:52 UTC

  Mercosur consolidates as the leading global exporter of beef

  

  Mercosur is again consolidating as the leading global exporter of beef with shipments of almost 1,8 million tons during the first half of the year, according to primary information from different sources. Brazil, Uruguay, Argentina and Paraguay in that order were the main suppliers.

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• Tuesday, August 9th 2022 - 08:13 UTC

  Political turmoil making Uruguay investment alternative option for Chilean business people

  

  Uruguay is becoming a growing option for Chilean business people and investors given the political climate and favorable economic scenario of the Mercosur member, while conditions in the Pacific nation are rapidly deteriorating under political stress and adverse conditions for business, according to Santiago economic media.

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• Friday, August 5th 2022 - 08:08 UTC

  Narcotics shipments from Mercosur to Europe on the rise

  

  A shipment of 5,2 tons of cocaine bound for the Netherlands was seized in June, the Dutch police reported. An Uruguayan company involved in the shipment of 4,5 tons of cocaine was definitively closed by the government. An attempt to introduce cocaine in coffee bags to Europe was caught in Brazil, as well as another intended shipment of 4,5 tons of cocaine destined for Antwerp.

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• Thursday, August 4th 2022 - 22:43 UTC

  Uruguayan senator said that Argentina's crisis is “because it is full of Argentines” and caused a controversy

  

  The Senator for the left-wing coalition Frente Amplio (Broad Front), Daniel Caggiani, was interviewed by local Channel 12’s Desayunos Informales about the regional situation and the negotiation for an eventual Free Trade Agreement (FTA) between Uruguay and China, which has generated tensions between Mercosur partners.

• Tuesday, August 2nd 2022 - 09:18 UTC

  Consensus among Mercosur countries to tackle monkeypox

  

  Uruguayan Health Minister Daniel Salinas Monday announced health authorities within Mercosur were drafting a joint plan to fight the monkeypox outbreak.

• Monday, July 25th 2022 - 23:30 UTC

  Uruguayan FM hopes other Mercosur countries will join Chinese FTA talks

  

  After meeting Monday with members of a Chinese delegation who are in Montevideo since Saturday, Uruguayan Foreign Minister Francisco Bustillo said he hoped the other members of Mercosur would soon join the Free Trade Agreement negotiations because the Asian giant was “open to cooperation both with Mercosur and with the particular member country.”

• Thursday, July 21st 2022 - 21:20 UTC

  Uruguay refuses to sign Mercosur Summit's joint statement

  

  The Government of Uruguay Thursday refrained from signing the joint document penned at the Mercosur Summit in Asunción, on the grounds that it lacked any mention of flexibilization, which the Luis Lacalle Pou administration needs to broker one-on-one deals with other blocs or countries or blocs of the block.

• Thursday, July 21st 2022 - 09:35 UTC

  Mercosur clinches Singapore FTA, announces CET cuts

  

  The governments of all four members of Mercosur (Argentina, Brazil, Uruguay, and Paraguay) Wednesday agreed in Asunción to lower the bloc's common external tariffs (CET) by 10%.

• Wednesday, July 20th 2022 - 10:55 UTC

  Despite Mercosur summit in Paraguay, Bolsonaro keeps cutting tariffs for critical inputs of industry and medicine

  

  Although Brazilian president Jair Bolsonaro is not attending the Mercosur summit in Paraguay, his administration continues with its policy of unilaterally reducing the common external tariff. In this case Brazil's Foreign Trade Chamber Executive Committee approved the reduction of import tariffs on thirteen items, including medicines, medical equipment, printing ink and polypropylene resin. Tariffs were cut to zero or reduced to 2%, from 2% and 6,5%.