Mercosur

• Monday, March 5th 2012 - 05:50 UTC

  Uruguayan economy forecasted to expand 4% to 4.5%; inflation main challenge

  

  Uruguay's economy is poised to expand 4% to 4.5% this year, a moderate slowdown from the growth of just over 6% seen in 2011, the president of the central bank Mario Bergara told reporters during an IMF conference held in Punta del Este.

• Tuesday, February 28th 2012 - 01:58 UTC

  Mercosur/Gulf states closer to trade agreement but leaving petrochemicals for later

  

  Brazil is eager to finalize a free trade agreement between the GCC (Gulf Cooperation Council) and the Mercosur bloc but believes the petrochemicals sector will be exempted until further study after the signing, said Brazilian Trade and Industry Minister Fernando Pimentel.

• Tuesday, February 28th 2012 - 00:27 UTC

  EC report on trade and investments criticizes Mercosur protectionism

  

  The European Commission in its latest report on trade and investments complains about Mercosur protectionist policies, restrictions to maritime transport and to the export of commodities particularly from Brazil and Argentina.

• Monday, February 27th 2012 - 04:55 UTC

  Mujica admits trade relations with Argentina are “very complicated”

  

  Uruguayan President José Mujica admitted trade relations with Argentina are “very complicated” because of the import restrictions implemented by the government of President Cristina Fernández and did not discard ‘mirror’ measures to counter

• Friday, February 24th 2012 - 20:38 UTC

  Uruguay admits textile exports could be infringing Brazil’s antidumping rules

  

  Uruguay’s Minister of Industry and Energy Roberto Kreimerman admitted that Brazil suspended the access of textiles from Uruguay alleging that they were essentially Chinese cloth rolls with minimum input but stamped as Uruguayan manufactured and dispatched to Brazil.

• Thursday, February 23rd 2012 - 05:14 UTC

  Mujica says presence of Prince William in Malvinas is not a ‘nice’ gesture

  

  Uruguayan president Jose Mujica said that the presence of Prince William, heir to the British Crown, in the Malvinas Islands is a gesture “not at all nice” and called for the dispute with Argentina not to become military because it’s no good for anybody, least for the region.

• Thursday, February 23rd 2012 - 05:03 UTC

  Inflation, over-valued currency and threat to exports, Uruguay’s 2012 challenge

  

  Inflation and an over valued currency are among the main challenges faced by the Uruguayan economy this year in the framework of a global recession which threatens the country’s exports

• Wednesday, February 15th 2012 - 05:50 UTC

  Brazil and Germany committed to achieve the EU/Mercosur trade agreement

  

  Brazilian Foreign Minister Antonio Patriota and his visiting German counterpart Guido Westerwelle on Monday called for signing a free trade agreement between the European Union and the South American trade bloc Mercosur.

• Wednesday, February 15th 2012 - 00:37 UTC

  Uruguay signs first hydrocarbons on-shore exploration contract with US company

  

  Uruguay’s hydrocarbons refining company Ancap signed on Tuesday an agreement with US company Schuepbach Energy to begin exploration for oil and gas in the north and centre of the country.

• Tuesday, February 14th 2012 - 20:43 UTC

  Brazil willing to wait to see how latest Argentine trade restrictions evolve

  

  Brazil’s private sector said it would grant Argentina a “confidence vote” and would wait until the end of February before assessing the consequence of the new import restrictions imposed by the government of President Cristina Fernandez.