
Argentine President Cristina Fernández de Kirchner and her Uruguayan counterpart José “Pepe” Mujica said on Wednesday they will be working to “re-channel” bilateral relations and will strictly abide the ruling of the Botnia paper mill case.

Uruguay and Argentine presidents will be meeting Wednesday in Buenos Aires to analyze the aftermath of the International Court of Justice judgement on the pulp mills controversy and hopefully find a way, to peacefully lift Argentine protestors’ pickets that have been blocking since 2006 a bridge linking the neighbouring countries.

More than ten investment banks, including Wells Fargo, HSBC, Merrill Lynch and Credit Suisse, will leave Argentina in the coming weeks, a Buenos Aires newspaper reported Monday.

Jazz Air Income Fund has agreed to invest 15 million US dollars for an indirect stake in Uruguay's flagship carrier, Pluna. The fund behind Air Canada's regional affiliate, Jazz Air, said that it will get a one-third, non-voting interest in Latin American Regional Aviation Holding Corp., which owns 75% of Pluna Lineas Aireas Uruguayas. The remaining 25% of Pluna is held by the government of Uruguay.

Uruguay is currently harvesting what is considered a record crop of soybean the ever expanding oil seed that as in neighbouring countries is taking over land from other exploitations and has made Mercosur the world’s leading producer and exporter.

Angry protestors from Argentina marched Sunday on to the bridge linking with Uruguay to express their disenchantment with the recent international court judgement on the pulp mill dispute, which confirmed the mill does not pollute and there’s no sufficient evidence for re-location or damages’ compensation as demanded by Argentine environmentalists.

Argentine Foreign Minister Jorge Taiana called on Gualeguaychú activists that keep international San Martín bridge blocked for more than three years to “reconsider their ways of action, mostly after the International Court of Justice ruling”.

Uruguayan President Jose Mujica and his Argentine peer Cristina Fernández de Kirchner are to meet next Wednesday afternoon in Buenos Aires in what is to be the first encounter after The Hague International Court's ruling on Botnia paper mill was made public Tuesday.

“There are no miracles; we feel cool about the decision”, said Uruguayan president Jose Mujica following the International Court of Justice ruling which means there will be no relocation of the Orion pulp mill which besides does not contaminate, as was claimed by Argentina when it presented its case back in 2006.

In its judgement on ”Pulp mills on the River Uruguay (Argentina vs. Uruguay)”, the International Court of Justice, (UN principal judicial organ) declared that Uruguay has not breached its substantive obligations for the protection of the environment provided by the Statute of the River Uruguay by authorizing the construction and commissioning of the Orion (Botnia) pulp mill.