Mercosur

• 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.

• Monday, February 13th 2012 - 19:53 UTC

  EU/Mercosur hope to resume talks following French presidential election

  

  European and Latin American personalities underlined the peril of falling prey to short term results and forget the long term relation between the two regions which is expected to be re-launched following the French presidential election next April.

• Thursday, February 9th 2012 - 23:17 UTC

  Mujica says Mercosur is “a chewing gum”; promises trade deals with third countries

  

  Mercosur from a real point of view exits, but institutionally it’s a “chewing gum” claimed Uruguayan president Jose Mujica who anticipated he would demand from the block’s partners that Uruguay be allowed to sign bilateral trade agreements with third parties.

• Wednesday, February 8th 2012 - 06:21 UTC

  Uruguayan cabinet divided over how to address Argentine trade restrictions

  

  The latest round of imports’ restrictions imposed by the government of President Cristina Fernandez and how to address them have triggered a serious debate inside the ministerial cabinet of Uruguayan president Jose Mujica.

• Wednesday, February 8th 2012 - 06:17 UTC

  Argentina and Brazil want corporations to reinvest and not send profits overseas

  

  President Cristina Fernandez hopes to convince Brazil to join Argentina in its campaign against the multinational corporations in an effort to balance trade balances in the midst of the global crisis spurred by the Euro crisis, China’s slow reaction and the US economy which still has to recover from the full impact of the 2008/09 recession.