Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 23rd 2024 - 10:00 UTC

Mercosur

  • Wednesday, December 4th 2024 - 09:54 UTC

    Uruguayans do their shopping in Brazil to capitalize on surging US dollar

    Things are usually less expensive on the Brazilian side but the gap has gone wider after recent devaluations of the real

    Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.

  • Tuesday, December 3rd 2024 - 10:55 UTC

    Paris’ obsession against a deal with Mercosur: shortcomings of French agribusiness

    French agribusiness has struggled to maintain competitiveness, not only against producers outside the EU but also within the bloc, particularly Poland and Romania.

    Why is France so committed to avoid making viable the European Union/Mercosur trade and cooperation agreement? Interest group in France argue that domestic agribusiness has been undergoing profound structural changes over the past few decades, among which declining productivity, rising costs, and a waning interest among younger generations in pursuing agricultural work.

  • 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.

  • Monday, December 2nd 2024 - 10:12 UTC

    Milei pushes for trade flexibility at Mercosur Summit, eyes U.S. agreement

    Milei’s push for individual trade autonomy aligns with Lacalle Pou’s vision

    Argentine President Javier Milei will attend the Mercosur summit in Montevideo on December 5-6, advocating for the bloc’s members to gain the freedom to sign independent trade agreements. This marks a departure from Mercosur’s traditional collective bargaining stance but stops short of proposing an exit from the bloc.

  • Friday, November 29th 2024 - 23:19 UTC

    Lula and Orsi discuss Brazil-Uruguay ties at Planalto Palace

    Orsi (L) stressed the importance of Uruguay's relationship with Lula's Brazil

    Brazil's President Luiz Inácio Lula da Silva welcomed Uruguay's President-elect Yamandú Orsi on Friday at the Planalto Palace to discuss the possible Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) as well as other issues.

  • Friday, November 29th 2024 - 10:57 UTC

    France's Parliament gives thumbs down to EU-Mercosur FTA

    France's Senate joined the Lower House in an unusual display of consensus in an otherwise politically divided country

    France's Parliament was unusually united this week in rejecting the Free Trade Agreement (FTA) between the European Union (EU) and the Southern Common Market (Mercosur), thus yielding to protests from local farmers who fear unfair competition. The Senate gave its thumbs down Thursday, just one day after the Lower House did the same by 484 votes against 70.

  • Friday, November 29th 2024 - 10:49 UTC

    Orsi meeting Lula on first trip abroad after electoral win

    Orsi sees in Lula a key ally

    Uruguay's President-elect Yamandú Orsi is scheduled to meet Friday in Brasilia with Luiz Inácio Lula da Silva to discuss the future relationship between both countries after the Broad Front's (Frente Amplio - FA) candidate is inaugurated on March 1. Orsi defeated Álvaro Delgado of the ruling Multicolor coalition in the Nov. 24 runoff and chose Brazil as his first destination abroad to launch his administration's diplomatic agenda.

  • Tuesday, November 26th 2024 - 09:47 UTC

    Brazilian House Speaker says reciprocity coming up for Carrefour

    “We are very bothered by European protectionism,” Lira said

    Brazil's Lower House Speaker Arthur Lira spoke Monday against Europe's protectionism, particularly that of France, and announced that a bill would be voted on this week providing for “economic reciprocity.” If approved, the Brazilian government would be prevented from signing any international agreements with clauses restricting the import of Brazilian products unless the signatory countries adopt equivalent environmental protection measures.

  • Thursday, November 21st 2024 - 19:38 UTC

    French supermarket chain to halt sales of Mercosur meat to boycott FTA

    Mercosur meat might “flood the French market with meat that does not meet its requirements and standards,” Carrefour's CEO feared

    Carrefour CEO Alexandre Bompard announced this week that his company would not be selling meat imported from the Southern Common Market (Mercosur) in a move to prevent the Free Trade Agreement (FTA) with the European Union from pulling through. France's largest supermarket planned on suspending meat imports from Argentina, Bolivia, Brazil, Paraguay, and Uruguay “in solidarity with the agricultural sector.”

  • Tuesday, November 19th 2024 - 11:52 UTC

    Argentina clinches deal to sell Vaca Muerta gas to Brazil

    Caputo (L) and Silveira met on the sidelines of the G20 Summit in Rio

    Argentina's Economy Minister Luis Toto Caputo and his Brazilian Energy Counterpart Alexandre Silveira signed Monday on the sidelines of the G20 Summit in Rio de Janeiro an agreement whereby gas from Vaca Muerta will be pumped starting next year, reaching 30 million cubic meters per day as from 2030, which is the same volume that South America's largest country used to buy from Bolivia.