Tag: Mercosur

• Monday, June 17th 2019 - 09:55 UTC

  Massive blackout hits Mercosur; Argentina and Uruguay in the dark for six hours; major investigation promised

  

  A massive blackout left tens of millions of people without electricity in Argentina, Uruguay, Paraguay and parts of Chile and southern Brazil on Sunday. The Argentine president called it an “unprecedented” failure in the countries' interconnected power grid.

• Friday, June 7th 2019 - 09:59 UTC

  Bolsonaro and Macri announce the EU/Mercosur trade deal is “imminent”

  

  The presidents of Argentina and Brazil said on Thursday that an agreement is imminent on a free trade agreement between the European Union and Mercosur. Brazil's President Jair Bolsonaro and Argentina's Mauricio Macri expressed confidence that the deal would soon be signed as they met in Buenos Aires for talks.

• Thursday, June 6th 2019 - 09:58 UTC

  Mercosur's Common External Tax in the agenda Bolsonaro will discuss with Macri in Buenos Aires

  

  Brazil and Argentina have started discussing a reduction in the common external tariff (TEC) of the Mercosur trade block, sources in both governments revealed on Wednesday, as their market-friendly presidents look to boost economic growth.

• Wednesday, June 5th 2019 - 21:00 UTC

  Uruguay: Finances don't grow; Economy Minister estimates an improvement for the second semester, as Macri did

  

  Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.

• Friday, May 10th 2019 - 09:57 UTC

  Brazil confident of a Mercosur/EU trade accord in coming weeks

  

  The European Union and Mercosur will likely close a trade agreement in the near future, Brazil’s Foreign Trade Secretary Lucas Ferraz said in an interview with Bloomberg. “We’ve never been so close,” Ferraz said adding, “we’ve advanced more in four months than in 20 years”.

• Thursday, May 9th 2019 - 09:24 UTC

  Argentina auto exporters will receive a 6.5% tax refund for sales to Mercosur

  

  Argentina will give its auto exporters a larger tax rebate to help stimulate the flagging local sector that has been hit hard by a consumption slump and economic crisis in Latin America’s No. 3 economy.

• Friday, March 29th 2019 - 18:39 UTC

  Montevideo: The most expensive city and the best place to live in Latin America?

  

  The Uruguayan capital is the most expensive and the best to live in the region. At least that's what the studies of The Economist, which positioned Montevideo behind Mexico City in terms of cost, and the consultancy Mercer, which places the capital at the top of Latin American quality of life ranking, revealed in publications made this month. El País (Madrid) explains that Montevideo has a “crazy decadent charm”. However, why does this phenomenon occur?

• Thursday, March 21st 2019 - 06:30 UTC

  Mercosur farmers protest Bolsonaro's decision to allow US wheat imports free of tariffs

  

  Farmers in Brazil and Argentina are concerned about Brazilian President Jair Bolsonaro's agreement to import 750,000 tons of wheat from the United States and other countries outside the Mercosur trade bloc without the 10% tariff that is usually required for such purchases.

• Friday, January 25th 2019 - 09:29 UTC

  Brazil eliminates Mercosur symbol from new passports

  

  Brazilian new passports will no longer have the symbol of Mercosur as currently they do together with those from the other member states, Argentina, Paraguay and Uruguay. The announcement was made by cabinet chief Onyx Lorenzoni, during a press conference in which he anticipated the targets for the first hundred days of president Jair Bolsonaro's administration.

• Saturday, January 19th 2019 - 09:22 UTC

  Extreme wet January displaces thousands and floods farmland in Mercosur member countries

  

  Intense rainfall in northeast Argentina and neighbouring areas in Mercosur members has caused devastating floods, amplifying the economic burdens of Argentina's recession. Over 5,000 people have evacuated the region, and millions of hectares of crops have been sent underwater.