Finland's UPM/Botnia plant, which is an ongoing motive of dispute with Argentina is planning a second pulp mill but to the east of Uruguay, announced Vice-president Danilo Astori, confirming a previous statement from the First Lady and Senator Lucia Topolansky.
Vice-president Danilo Astori confirmed that Uruguay will continue with its current flexible foreign exchange policy, because this has helped us reduce volatilities, but also admitted concern about inflation, the third highest in South America and fourth in Latin-American and the Caribbean.
Vice-president Danilo Astori said he was surprised at the way events unfolded ending with the decision from the Royal Bank of Canada of leaving Uruguay, but also concerned about the international impact of such a move, triggered by a ‘disorderly’ raid in its offices.
Uruguayan Vice-President Danilo Astori said Mercosur must decisively address the signing of a free trade agreement with the United States, but also admits that “opportunities must be built”.
Former Uruguayan president Tabare Vazquez who this week announced he was prepared to be the ruling coalition’s candidate for next year’s presidential bid, is by far the political leader of the country which has the highest degree of acceptance, according to a Mori public opinion poll released earlier in the week.
Uruguayan Former president Tabare Vazquez is expected to announce in coming days that he will effectively be the ruling Broad Front candidate for next year’s presidential election when President Jose Mujica’s five year term comes to an end.
The Organization of American States Secretary General José Miguel Insulza begins Monday a two day visit to Uruguay for the formal presentation of the “Report on the Drug Problem in the Americas” which has the support of several Latinamerican countries and former leaders of the region who have proposed a completely new approach to the drugs challenge.
Uruguay Vice-president Danilo Astori said that belonging to Mercosur and the Alliance of the Pacific is ‘not incompatible’ and called on the ‘powerful members’ of Mercosur to support an agreement with the Pacific Alliance of which Uruguay and Paraguay are already observers.
Vice-president and acting president Danilo Astori strongly defended the Uruguayan government’s intention of joining the Pacific Alliance, next to Chile, Colombia, Peru and Mexico, claiming that Mercosur has fallen into a state of ‘inactivity’ but also rejected point blank statements from Brazilian diplomacy contrary to such a move.
Uruguayan economic officials have warned the ruling coalition Broad Front about the regional risk-situation in complex Argentina and stalled Brazil, and its influence on Uruguay which needs to lower its budget deficit and improve labour productivity and competitiveness.