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MercoPress, en Español

Montevideo, April 23rd 2024 - 17:45 UTC

Tag: Pacific Alliance

  • Monday, November 16th 2015 - 08:36 UTC

    Latin America expanding at a “two-speed” rate: Pacific Alliance and Mercosur

    The Spanish bank lowered all growth expectations for most countries of the region because of global uncertainty and poor performance of China's economy

    Latin America is expanding at a 'two-speed' rate according to the latest report from the Spanish bank BBVA, pointing out that the Pacific Alliance is expected to grow 2.5% in 2015/16, while Mercosur will be lagging with a contraction of 2% to 1.5%.

  • Tuesday, October 13th 2015 - 07:13 UTC

    Pacific Alliance members outstand in Latin American performance, says IMF

    “Compared to 15 years ago, the region has changed for the better. It is now standing on much more solid ground,” Lagarde said

    Brazil is still by far the largest economy in Latin America despite its recession and the impact of the devaluation of the Real, according to the latest report from the International Monetary Fund (IMF), which said Venezuela dropped to the position of the region’s seventh-largest economy with a GDP that’s now half the size of Colombia’s.

  • Monday, July 6th 2015 - 08:49 UTC

    Uruguay looking to increase trade and investments with India

    President Tabare Vazquez is planning to visit India next year. Despite potential trade between Uruguay and India is minimal

    Uruguay's president Tabare Vazquez is planning to visit India next year, while foreign minister Rodolfo Nin Novoa is scheduled to attend the India-Latin-American conference next October. The move is seen as an effort by Uruguay to increase its trade opportunities and access new markets, given the current difficulties to forge an agreement with the European Union.

  • Thursday, July 2nd 2015 - 06:24 UTC

    Chile insists with Pacific Alliance/Mercosur intelligent convergence

    “We're making concrete strides so that our markets are connected, generate competition, more investment and better opportunities” said minister Valdés

    Chile will insist at the two-day Pacific Alliance summit which took off on Wednesday in Paracas, Peru, that a convergence with Mercosur is needed to ensure the integration of Latina America, and this is more evident now that both groupings face similar challenges such as falling prices for commodities, normalization of US monetary policy and an international context of slow growth.

  • Monday, May 25th 2015 - 08:00 UTC

    Brazil/Uruguay expect Paraguay to join in speeding Mercosur/EU negotiations

    “In June we will be receiving Paraguay's president Cartes, and most certainly we will be addressing issues related to Mercosur”, said Tabare Vazquez

    Uruguay will be hosting Paraguayan president Horacio Cartes in early June when he is expected to confirm' his country's support to Uruguay and Brazil in their renewed approach to accelerate negotiations for the signing of a full cooperation and free trade agreement with the European Union, which were started fifteen years ago.

  • Monday, April 20th 2015 - 23:41 UTC

    Uruguay insists with the EU trade accord, even leaving Mercosur aside

    “It is essential that we advance together with Brazil in trade matters to see if we can finally reach an agreement Mercosur/EU”, said President Vazquez

    Uruguay's president Tabare Vazquez announced that when he meets with Brazil's Dilma Rousseff next month, they will consider as a priority how to get the Mercosur-European Union talks for a trade agreement rolling again.

  • Friday, March 6th 2015 - 09:06 UTC

    Mercosur has failed, Argentina needs new partners: the Pacific Alliance?

    “We will have to find some other group, which could be the Pacific Alliance” said Eurnekian. Integration is vital so Argentina can address global challenges

    “Mercosur as a unified space has failed and Argentina must start thinking in a new partner, which could be the Pacific Alliance” said one of Argentina's main businessmen with interests in a diversified portfolio, Eduardo Eurnekian. He made the statement on the sidelines of the World's Chambers Federation executive board meeting in Buenos Aires.

  • Tuesday, March 3rd 2015 - 22:32 UTC

    UK should support the Pacific Alliance

    Hugo Swire is the UK’s Minister of State for Latin America and was appointed to the Foreign and Commonwealth Office in September 2012

    By Hugo Swire of the UK Foreign and Commonwealth Office - A year ago I spoke at a summit in London hosted by the Financial Times and the Foreign and Commonwealth Office (FCO) about how the UK could work most effectively with the ‘Pacific Alliance’.

  • Tuesday, December 9th 2014 - 23:03 UTC

    Mercosur lacks discipline and has become a 'straitjacket' for trade negotiations

    “Mercosur is off the track, it won't be easy to put it back; this is partly because the block left aside the original project of a customs union” said Ms Valls

    Mercosur must discipline and return to its origin as a customs union since it has become a 'straitjacket' for negotiations with other regional blocks, according to Lia Valls, foreign trade coordinator at the Brazilian Economics Institute belonging to the prestigious thinktank Getulio Vargas foundation.

  • Thursday, December 4th 2014 - 04:54 UTC

    Pacific Alliance integrated stock markets, MILA, begins operations from Mexico

    MILA said the transaction was the purchase by Mexican brokerage Grupo Bursatil Mexicano (GBM) of 200 shares in Chile-based retailer Falabella

    Mexico's stock exchange on Tuesday carried out its first operation as a member of the Latin American Integrated Market, or MILA, which connects it to bourses in Chile, Colombia and Peru, MILA said in a statement. The four countries are members of the Pacific Alliance an open market, pro business and foreign investment group created in 2012.