Tag: Uruguay

• Tuesday, February 22nd 2011 - 06:42 UTC

  Argentina has ignored Mercosur rules and is now harvesting the benefits

  

  Even when Uruguay and Brazil are in the course of reaching understandings with Argentina regarding the latest trade restrictions to be implemented by President Cristina Fernandez de Kirchner administration, ‘which are not targeted against Mercosur members’, the Brazilian press presents another angle.

• Tuesday, February 22nd 2011 - 04:18 UTC

  Uruguay/Argentina working on ‘fast track’ to address trade differences

  

  Uruguay and Argentina are discussing a ‘fast track’ mechanism that will allow Uruguayan exports to have quick access to the neighbour’s market thus avoiding the controversial trade restrictions recently announced by the administration of President Cristina Fernandez de Kirchner and which have surprised Mercosur partners.

• Monday, February 21st 2011 - 16:45 UTC

  Ibero-American Secretary Iglesias recovering from vascular accident

  

  The chief operator from the Ibero-American Secretariat, Spanish born-Uruguayan economist Enrique Iglesias (80) is recovering from a vascular accident and this “will not impede him from retaking normal activities” according to the latest medical reports Monday from the hospital in Montevideo where he is being treated.

• Saturday, February 19th 2011 - 06:19 UTC

  Ambitious Uruguayan trade and investment incursion to India

  

  Considered one of the most ambitious trade and investment incursions to Asia, a delegation of Uruguayan business people headed by Vice-president Danilo Astori begins Saturday a seven-day official visit to India.

• Friday, February 18th 2011 - 16:53 UTC

  “Beginning of the end for Mercosur” warn Uruguayan industrialists

  

  The chairman of the Uruguayan Chamber of Industry, Washington Burghi, warned that Argentina’s decision to restrict imports could be “the beginning of the end” for the Mercosur. However Argentine ambassador in Montevideo said decisions are targeted against Asian imports with the purpose of defending Argentine jobs.

• Thursday, February 17th 2011 - 22:30 UTC

  IMF head scheduled to visit Uruguay and Brazil next March; skips Argentina

  

  IMF Managing Director is scheduled to visit Uruguay next month where he will meet President Jose Mujica and his economic team before flying to Brazil. Dominique Strauss-Khan will arrive in Uruguay from Panama and is not scheduled to visit Argentina, according to Uruguayan government sources.

• Wednesday, February 16th 2011 - 22:39 UTC

  Uruguay’s debt rated “positive” and edging on investment grade, says DBRS

  

  Canadian credit rating agency DBRS maintained Uruguay’s debt at BB (two steps below investment grade) but elevated prospect from stable to positive. The latest release from DBRS means Uruguay in the next 6 to 12 months could advance to one step below investment grade if “current fiscal discipline is sustained and levels of debt continue the descending trend”.

• Wednesday, February 16th 2011 - 14:17 UTC

  Leading oil companies turn up at Uruguay Round II pre-bidding process

  

  Some of the world’s leading oil companies turned up at the Uruguay Round II informative session for operators interested in participating in the biding process for offshore exploration in Uruguay’s South Atlantic.

• Tuesday, February 15th 2011 - 19:26 UTC

  France warns it wants EU/Mercosur farmers subject to the same “strict” rules

  

  France warned Tuesday that it is following closely European Union/Mercosur trade talks to ensure that farmers from both blocks are strictly subjected to the same rules.

• Monday, February 14th 2011 - 23:37 UTC

  Uruguay manufacturing recovered mildly in 2010: “industry is stagnant”

  

  Uruguay’s manufacturing industry expanded 4.5% in 2010, but if the pulp industry hub is excluded the percentage drops to 3.5%, according to the latest release from the National Statistics Institute, INE.