Mercosur

Saturday, June 12th 2021 - 09:55 UTC
Argentina still resists drive to make Mercosur more flexible

A top official from the Argentine Government spoke yet again against a bid from Brazil and Uruguay to make Mercosur more flexible and allow members to broker one-on-one deals with other countries or blocs.
Friday, June 11th 2021 - 09:35 UTC
Lacalle announces free trade zone coming up in Uruguayan department of Maldonado

Uruguayan President Luis Lacalle Pou announced Thursday in La Capuera that plans were underway to create a free trade zone in the department of Maldonado.
Wednesday, June 9th 2021 - 09:20 UTC
Maersk encouraged by the boom in global trade and container business

The growth of China’s exports to the United States is expected to boost global trade in 2021, according to Moller-Maersk. The logistics company predicts that global container trade is expected to increase between 5% and 7% in 2021 as consumers shift their demands, prioritizing the purchase of consumer goods over services.
Monday, June 7th 2021 - 09:05 UTC
Cardoso and Lula da Silva support Argentina in the Mercosur tariff reduction controversy

Former Brazilian presidents Fernando Henrique Cardoso and Lula da Silva signed a statement in which they support Argentina's position in the Mercosur controversy regarding a flat unilateral tariff reduction as sponsored by president Jair Bolsonaro, with the backing of Uruguay, but rejected by President Alberto Fernandez.
Saturday, June 5th 2021 - 09:47 UTC
Uruguayan ministers travel to Paraguay to discuss flexibilization of Mercosur

Uruguay's Economy Minister Azucena Arbeleche and Foreign Minister Francisco Bustillo travelled to Paraguay Friday to discuss with the local administration of President Mario Abdo Benítez new steps towards flexibilities Mercosur's rules.
Friday, June 4th 2021 - 09:55 UTC
Lacalle Pou wants Uruguay to compete in an unprotected foreign trade scenario

Uruguayan President Luis Lacalle Pou said Thursday during the virtual Export Day celebrations that “we like to play on a large court, and not on a small, protected one.”
Wednesday, June 2nd 2021 - 08:57 UTC
Argentina's trade with Brazil at its highest since 2018

A report released Tuesday showed that Argentina's trade with neighbour Brazil has reached its highest level since 2018, exports reaching US $ 4.2 billion until May, 33% better than in the first five months of last year, but 6% lower than the same period of 2019.
Monday, May 31st 2021 - 09:06 UTC
Caricom-Mercosur Chamber to attend WHO forum on post covid-19 trade

The World Trade Organization (WTO) has invited the Inter-Regional CARICOM–MERCOSUR Trade Council (CCICaMe) to take part in the 2021 Public Forum “Trade after covid-19: Building Resilience,” to be held at its headquarters in Geneva, Switzerland, it was announced.
Saturday, May 29th 2021 - 09:16 UTC
Paraguay's Central Bank keeps interest rates at 0.75%; eyes 4% yearly inflation

After a study through which it was determined that international factors remained favourable. Paraguay's Central Bank (BCP) Friday announced that its Monetary Policy Committee (CPM) unanimously decided to maintain the monetary policy interest rate at 0.75% annually.
Friday, May 28th 2021 - 09:53 UTC
Minister Guedes says Brazil favors the modernizing of Mercosur

“We are liberal but not stupid,” said Brazil's Economy Minister Paulo Guedes Thursday during a virtual event where he explained that his country has no intention of leaving Mercosur, but it does want to modernize it.