Presidential summit meetings of the Mercosur alliance were usually sedate comfortable affairs until Uruguay decided to “open up to the world” under its pro-business President Luis Lacalle Pou.
The 61st Summit of the Southern Common Market (Mercosur) is starting Monday in Montevideo. During the two-day event, Uruguay is to hand over the six-month pro tempore presidency of the group to Argentina.
Mercosur is facing yet a new crisis stemming from Uruguayan President Luis Lacalle Pou's eagerness to join any foreign trade alliance no matter what.
One of the main features emerging with the current international economic situation is mega-regional negotiations linking the main world production networks: Europe, North America and Asia and sometimes skirting WTO, according to the latest report on the Latinamerican and Caribbean economy from Eclac (UN Economic commission for Latam and the Caribbean).