Foreign Office Minister for Latin America Jeremy Browne will be visiting Uruguay from 20-21 May where he will be meeting government officials and key business people to strengthen ties between UK and the Mercosur member.
Brazil announced it was imposing non automatic import licences on synthetic fibre blankets from Paraguay, Uruguay and China, according to an official communiqué from the Brazilian Ministry of Development, Industry and Foreign Trade released Tuesday.
Support for Uruguayan president Jose Mujica dropped to 41%, nine percentage points less than last March and 34 points down from when he took office in March 2010, according to an Interconsult public opinion poll published Monday in one of Montevideo’s dailies.
The administration of Uruguayan president Jose Mujica suffered a major setback over the weekend and could experience a further showdown on Thursday when members of the ruling coalition vote in Parliament the annulment of an Amnesty or Crimes expiration law which impedes the investigation of human rights violations committed during the country’s military dictatorship (1973/1985).
Uruguay which does not harvest transgenic rice has been consolidating as a growing European Union supplier and is a traditional provider for Mexico and Middle East countries such as Iran and Iraq.
Activities in Uruguay’s private bank branches were partially altered Thursday following the killing earlier in the week of a security guard during a robbery attempt. This was the seventh bank robbery since the beginning of the year and triggered a controversy between the banks and the Ministry of Interior.
In an effort to contain inflation and cool an overheated economy Uruguay will raise reserve requirements for banks “given the domestic prices increase and the international context” advanced Central Bank president Mario Bergara.
Foreign direct investment, FDI, in Uruguay during 2010 reached 1.627 billion US dollars which represents a 29% increase over 2009 and puts the country among the top six FDI recipients in South America and eighth in the region, according to the latest report from the UN Economic Commission for Latin America and the Caribbean, ECLAC.
A visiting delegation from the United Arab Emirates, UAE, signed this week an ‘open skies’ air services agreement with Uruguay.
Uruguay’s April consumer inflation, 0.34%, the lowest since last November came as a relief for government authorities, but the accumulated rate of the last twelve months was 8.34%, well above the Central bank 4% to 6% target. Furthermore compared to April 2010 inflation was almost double: 0.18% vs 0.34%, according to the country’s Statistics Institute, INE.