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.
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.”
Argentina's Migrations Directorate has announced new rules for nationals of non-Mercosur countries wishing to settle in the South American country, thus giving incoming foreigners a 90-day window to regularize their legal status.
Argentine entrepreneurial migrants who seek a better future elsewhere prefer Uruguay, Paraguay, Bahamas, and Portugal to start anew, it was reported.
Two people have died in Uruguay under circumstances that were not a direct result of Tuesday's subtropical cyclone, Yakecan, but which authorities are still investigating after several houses were destroyed and trees were downed, it was reported.
Spanish foreign minister Jose Manuel Albares called on his EU peers on Monday to definitively advance in the ratification of the trade accords of the European Union with Chile, Mexico and Mercosur.
Paraguayan President Mario Abdo Benítez Sunday stressed his country needed Uruguay's help to secure a sovereign presence to have a way out to the sea so that its exports can reach the world and that Montevideo “has always been a port of exit.”
Uruguayan President Luis Lacalle Pou landed Friday evening at Asunción to discuss a series of proposals to modernize Mercosur with his hosting colleague Mario Abdo Benítez.
The European Union aims to finalize and sign at least three stalled trade agreements this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine.
The vice-president of Brazil, Hamilton Mourão, arrived on Thursday in Uruguay, where he will remain until Saturday on an official visit.