Mercosur

• 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.

• Thursday, May 27th 2021 - 09:50 UTC

  Spain eyes Latin America and Mercosur for its new international economy strategy

  

  Spanish Prime Minister Pedro Sánchez Wednesday said his country intends to have a greater presence in Latin American markets and for that it is willing to invest more than 4,5 billion euros (almost US $ 5,5 billion).

• Thursday, May 20th 2021 - 09:32 UTC

  Brazil wants Mercosur to agree on a 20% reduction of the Common External Tariff

  

  Brazil is determined that Mercosur's Common External Tariff, TEC, be reduced by 20% in two rounds of unilateral cuts, 10% immediately, and the other 10% in December. This is the official strategy and position of Brazil for the extraordinary meeting in June of the four founding members of the group, in Buenos Aires, underlined Lucas Ferraz, foreign trade secretary of the Brazilian Ministry of the economy.