The Uruguayan Exporters Union (UEU) Monday expressed its concern about the current parity between the local currency and the US dollar which was in its view affecting foreign trade.
Uruguayan President Luis Lacalle Pou Tuesday announced his administration would seek to join the Trans-Pacific Partnership (TPP) in its current form and that, to that end, he will seek endorsement from all political parties.
The Uruguayan Exporters Union (UEU) Tuesday expressed its concern through a statement in light of a waning exchange rate between the local peso and the US dollar, which has reached its nadir for the past two years, thus adding to the “uncertainty” and “volatility in international markets.”
Uruguay's exports rose 54.9% yearly, according to a report from the Uruguayan Exporters Union (UEU) released Tuesday, which also showed that between January 1 and May 31 the increase was 33.9%.