Due to the recent devastating drought, soybean production in Uruguay is forecast to drop to 1.7 million tons in 2017-18, according to an April 30 Global Agricultural Information Network (GAIN) report from the U.S. Department of Agriculture.
The European Union and Mercosur have made some progress on how to open their markets to cars, but ended free trade talks in Brussels on Friday with finger-pointing about who was holding up a deal. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay began on-off negotiations towards a trade alliance in 1999, with a fresh impetus since 2016.
While Chilean President Sebastián Piñera started a commercial tour in Brazil last Thursday, in which he avoids Uruguay because the Free Trade Agreement (FTA) with Chile is blocked in the Uruguayan Parliament since 2016, ex-president José Mujica explained that he supports the FTA with Chile in order to look for “the best incentives to ensure commercial stability.” The bench of former president Mujica and the communist party refuse to approve the commercial agreement.
Two instructors from the Royal Military Academy Sandhurst gave a course on counterterrorism from 9-13 April at the Uruguayan Naval War College in Montevideo. The purpose of the course was to provide an introduction to the key principles of the fight against terorrism and its practical application through the British approach and the study of a wide range of contemporary cases.
China and South Korea are seeking to establish free trade agreements with Mercosur in a strategic response to Washington's increasingly protectionist stance. The East Asian initiatives have resonated well in a region where Washington is keeping its distance. U.S. President Donald Trump has not visited a single Latin American country since taking office in January 2017, and chose not to attend the Summit of the Americas, which recently concluded in Peru.
Washington’s request that other countries also expel Russian diplomats is improper, Uruguay’s Foreign Minister Rodolfo Nin Novoa said. “I did not take this request well, I said it was improper and it should not have been made,” the top diplomat said as cited by the El Pais newspaper.
Starbucks has opened with great success its first store in Uruguay at the Montevideo Shopping mall in the capital city Montevideo. The store has a unique design and offers a wide range of Starbucks beverages and food, including Starbucks 100% arabica coffees from Latin America and around the world.
The United Kingdom Export Finance (UKEF) support available for trade with Uruguay has been increased to up to £4 billion, meaning an additional £2.25 billion in support for UK companies exporting to Uruguay and for Uruguayan buyers of UK goods and services.
The British publication The Economist praised Uruguay's progress and underlined its decreasing dependency from giant neighbours Brazil and Argentina.
Argentine foreign minister Jorge Faurie is expected this Wednesday in Congress to outline president Macri administration's current policy towards the Falkland Islands, mainly negotiations on air links and South Atlantic fisheries conservation.