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.Add your comment!
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.Add your comment!
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.Add your comment!
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.Add your comment!
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.
Uruguayan Health Minister Daniel Salinas Monday announced health authorities within Mercosur were drafting a joint plan to fight the monkeypox outbreak.
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.”
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.
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%.
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%.