Mercosur

Thursday, July 21st 2022 - 21:20 UTC
Uruguay refuses to sign Mercosur Summit's joint statement

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.
Thursday, July 21st 2022 - 09:35 UTC
Mercosur clinches Singapore FTA, announces CET cuts

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%.
Wednesday, July 20th 2022 - 10:55 UTC
Despite Mercosur summit in Paraguay, Bolsonaro keeps cutting tariffs for critical inputs of industry and medicine

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%.
Wednesday, July 20th 2022 - 10:50 UTC
Rio Grande port in south Brazil plans to increase export shipments from Uruguay and Paraguay

The Port of Rio Grande in the Brazilian southernmost state of Rio Grande do sul, will have continuous dredging of its access channel. The decision follows strong long-standing demand from operators and the fact that the main maritime port terminal in the state of Rio Grande do Sul also has close links with the three other Mercosur member countries, Paraguay, Argentina and Uruguay.
Wednesday, July 20th 2022 - 10:39 UTC
EU eyes CELAC for food; Mercosur “a more complicated issue”

Josep Borrell, the European Union's top diplomat, has said Latin America would host a CELAC meeting sometime next year, but admitted that ratifying the 2019 trade agreement with Mercosur was “a more complicated issue.”
Monday, July 18th 2022 - 09:11 UTC
Peruvian President's approval ratings keep sinking

Peruvian President Pedro Castillo Terrones' approval ratings fell yet again, according to an Ipsos survey released Sunday by the Lima newspaper El Comercio. Meanwhile, 79% of Peruvians also disapproved of the management of Congress, the study showed.
Friday, July 15th 2022 - 22:40 UTC
Argentina insists Uruguay-China FTA must go through Mercosur

Argentina's Foreign Ministry Friday issued a statement according to which Uruguay's negotiations with China towards a Free Trade Agreement must go through Mercosur.
Friday, July 15th 2022 - 03:03 UTC
Bolsonaro hints solution to Ukraine war resembles that of 1982 in the South Atlantic

Brazilian President Jair Bolsonaro Thursday said he had “the solution” to the armed conflict between Russia and Ukraine and vowed to discuss it with Ukrainian leader Volodymyr Zelensky.
Thursday, July 14th 2022 - 09:52 UTC
Uruguay announces beginning of talks with China to reach FTA

Uruguayan President Luis Lacalle Pou Wednesday announced negotiations with China to reach a bilateral free trade agreement are to begin, after technical teams from the two countries found it feasible, it was reported in Montevideo.
Wednesday, July 13th 2022 - 09:45 UTC
Scioli off to Brazil in a move to cut down Argentina's trade deficit

Argentina's Productive Development Minister Daniel Scioli is taking center stage this week as he leaves Wednesday for Sao Paulo on a mission to overcome the sustained trade deficit between his country and Brazil, where he has served as Ambassador up until last month when he was summoned to Buenos Aires to replace Matías Kulfas.