
Over 50 WTO members agreed a statement at the WTO's 12th Ministerial Conference (MC12), in full support of Ukraine, and condemning aggression. However, Mercosur was divided on the issue, while Uruguay and Paraguay figured among the over fifty, Argentina and Brazil were absent.

Mercosur Foreign Ministers Monday agreed to hold the upcoming Summit of the Group in Asunción on July 21. It will be the first face-to-face encounter of all four regional leaders since all previous meetings involving all four current leaders were all held virtually due to the COVID-19 pandemic.

While the spotlight at the Summit of the Americas was focused on heads of state not shaking hands and some countries being excluded, the Foreign Ministers of Uruguay and Brazil agreed on a zero tariff in free trade zones and special customs areas for an unlimited period of time.

Argentina has recorded a sharp increase in intra-Mercosur exports, with trade reaching its highest figures in 7 years, it was reported in Buenos Aires. Intra-Mercosur trade during 2021 reached US$ 41 billion and achieved the highest value since 2014, while Argentine exports to the bloc exceeded US$ 14 billion, according to the CXXIII Meeting of the Common Market Group (GMC) in Asunción.

After the strong reduction in visibility registered in the country this Monday due to fog and mist, which according to the Uruguayan Institute of Meteorology (Inumet) will persist until next Thursday, the ports of Montevideo, Colonia, and Buenos Aires decided to close, reported the Uruguayan newspaper El Observador.

The Pan American Health Organization (PAHO) Thursday announced candidates from Brazil, Colombia, Mexico, Panama, Haiti, and Uruguay were vying to succeed Dominica's Carissa Etienne of Dominica as agency head.

Nationals of 15 Latin American countries -including all members of Mercosur- and of 60 countries worldwide will need to apply for a European Travel Information and Authorization System (ETIAS) visa to travel to or through the 26 territories within the so-called Schengen area, effective in 2023.

Argentina's Federal Government Wednesday announced new measures to guarantee the proper supply of diesel fuel nationwide after governors of the country's 10 Grand North provinces complained last Friday of recurrent shortages.

The Brazilian government is drafting a presidential decree to change tax revenue mechanisms, which the economic team argues it will lead to a 1.5 percentage point reduction in the rates levied on all imported products. This is part of president Bolsonaro's administration policy of (gradually) opening the Brazilian economy to foreign competition.

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.