Mercosur

Tuesday, February 2nd 2021 - 09:40 UTC
Uruguayan president will share lunch with Bolsonaro in Brasilia on Wednesday

Uruguayan president Luis Lacalle Pou will be flying to Brasilia on Wednesday to share an informal lunch with his peer Jair Bolsonaro, his first overseas trip since taking office, but also a clear balancing act of the country's foreign policy regarding its two huge neighbors.
Thursday, January 28th 2021 - 09:59 UTC
Uruguay will partially reopen its borders as of February

Uruguayan president Luis Lacalle Pou announced on Wednesday the partial lifting of the borders' total closure which had been established last December 20, but all other measures that had been announced on that date remain in full compliance.
Wednesday, January 27th 2021 - 09:06 UTC
New Zealand and China upgraded their free trade agreement: Bad news for Mercosur

China and New Zealand signed the upgrading protocol of their free trade agreement (FTA) via video link on Tuesday with new commitments in trade market entry, investment, and other key aspects.
Friday, January 22nd 2021 - 09:31 UTC
Fitch forecasts Latin American economies will rebound but with downside risks

Fitch Ratings forecasts Latin American economies will rebound this year from the 2020 recession but risks remain in particular because of the evolution of the COVID-19 pandemic.
Thursday, January 14th 2021 - 09:54 UTC
Uruguay signs contract to resume offshore seismic surveying for oil and gas

Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.
Monday, January 11th 2021 - 09:54 UTC
Portugal wants quick ratification of EU/Mercosur deal, but there are many objections

Portugal which last week took the rotating presidency of the European Union for six months as of January 1st, said that it will try to conclude the bloc’s free trade agreement with Mercosur, agreed in 2019 after two decades of negotiations that have not yet been finalized.
Monday, January 11th 2021 - 09:40 UTC
US assesses potential losses in agricultural exports to EU if the Mercosur deal is finally ratifies

Analysis by the United States Department of Agriculture’s Foreign Agricultural Service (FAS / USDA) point out that the country has US$ 4 billion in agricultural exports that may be affected to some extent by the trade agreement between the European Union and Mercosur. The agreement has yet to be ratified by national parliaments.
Monday, January 11th 2021 - 09:40 UTC
Covid-19: Brazil reduces to zero import tariffs for syringes and needles

Brazil has reduced import taxes and tariffs to zero for products used to combat Covid-19, including syringes and needles classified under codes 9018.31.11, 9018.31.19, 9018.31.90, 9018.32.19, and 9018.39.10 of the Mercosur Common Nomenclature. The products are included in the list of temporary tariff reductions covered by Gecex (Executive Management Committee of the Chamber of Foreign Trade), Resolution 17, from 17 March 2020.
Thursday, January 7th 2021 - 09:49 UTC
Uruguay extends closure of frontier until the end of January; concern with clandestine partying

Uruguay announced on Wednesday a raft of new measures to help contain the growing number of Covid-19 positive cases which if sustained could strain hospital and sanitary capacities.
Tuesday, January 5th 2021 - 09:36 UTC
Dry weather threatens southern Brazil and eastern Argentina

Dry weather across some of the major producing regions in South America is putting upward pressure on corn and soybean prices at the start the new year. Dryness is expected to continue through the short term across southern Brazil and especially in the main-producing states in Argentina.