A preparatory meeting for a Ministers of Defence of the Americas Conference to be held in the second half of the year concluded in Montevideo with no inclusion of the Malvinas Islands dispute in the final declaration because of lack of agreement among the participants.
Uruguay growth estimate has been downed for 2012 while prices will be higher, according to the latest IMF World Economic Outlook released on Tuesday. The economy is set to grow 3.5% down from 4.2% while prices will climb to 7.4% compared to the 6.5% estimate of the previous WEO last September.
Uruguay has fallen prisoner of Mercosur and Argentina because it did not sign the free trade agreement with the United States which was offered to the country in the previous government of Tabare Vazquez, said two-times President Julio Maria Sanguinetti.
Former Beatle Paul McCartney begins next Sunday in Uruguay his On the run tour of Latin America that ends next 8 May in Mexico City. Montevideo authorities have announced Sir Paul, in his first visit to Uruguay, will be declared ‘illustrious citizen’.
Uruguay’s national football team makes history and for the first time climbs to third position in FIFA’s listing, behind Spain, which continues to lead and Germany that replaced Holland and is now in position four.
Argentina and Uruguay presidents Cristina Fernandez and Jose Mujica agreed Monday evening to discuss their trade differences in the framework of Mercosur and promote “positive discrimination” measures for Uruguayan exports to help compensate the restrictions imported to all imports by the Argentine government.
Uruguayan president Jose Mujica arrives Thursday in neighbouring Brazil to discuss with his peer Dilma Rousseff trade expansion, productive and energy complementation and above all opening Mercosur to third countries in search of new markets.
Uruguay’s credit rating was raised one level by Standard & Poor’s, which means the country has returned to investment grade for the first time in a decade.
Uruguay will consult with Iran the possibility of exporting rice in exchange for oil, the government of President Jose Mujica said on Friday.
Uruguay’ Foreign Affairs Minister Luis Almagro revealed that the government of President Cristina Fernandez is fully involved in the implementation of a plan called “Argentina 2020: substitution of imports” and therefore bilateral trade negotiations that are difficult, will continue on that same path for several years.