
The Southern Common Market (Mercosur) hopes to clinch the Free Trade Agreement (FTA) with the European Union (EU) during the two-day regional bloc's Summit starting Thursday in Montevideo with European Commission President Ursula von der Leyen as the main guest.

Uruguayan retailers in cities bordering Brazil have expressed concern after residents increased their tendency to shop abroad in the face of the recent rise in the US dollar. Meanwhile, duty-free shops are looking for strategies to cushion the drop in sales to the Brazilian public, amid fears of a surge in smuggling.

Montevideo will host the XLV Mercosur Summit on 5-6 December, bringing together South American leaders to discuss pressing regional issues. Outgoing Uruguayan President Luis Lacalle Pou will chair the meeting, along with Argentina's Javier Milei, Brazil's Luiz Inácio Lula da Silva and Paraguay's Santiago Peña. Uruguay's President-elect Yamandú Orsi will also attend.

Uruguay's State-owned oil company Ancap posted losses above US$ 130 million that grew throughout 2024 resulting in a five-year deficit for which its board of directors hold unionists responsible, in addition to a technical stoppage at the La Teja refinery that lasted longer than expected.

Argentine President Javier Milei will attend the Mercosur summit in Montevideo on December 5-6, advocating for the bloc’s members to gain the freedom to sign independent trade agreements. This marks a departure from Mercosur’s traditional collective bargaining stance but stops short of proposing an exit from the bloc.

Brazil's President Luiz Inácio Lula da Silva welcomed Uruguay's President-elect Yamandú Orsi on Friday at the Planalto Palace to discuss the possible Free Trade Agreement (FTA) between the Southern Common Market (Mercosur) and the European Union (EU) as well as other issues.

Former Uruguayan President José “Pepe” Mujica has taken aim at prominent Latin American leaders, criticizing a lack of generational renewal in politics and authoritarian trends in the region. Speaking from his home in Montevideo, Mujica called out Argentina’s Cristina Kirchner, accusing her of clinging to power rather than transitioning into an advisory role. “There’s the old Cristina at the head of Peronism, instead of leaving room for new generations. How hard it is for her to let go of the cake!” Mujica quipped.

Uruguay's President-elect Yamandú Orsi is scheduled to meet Friday in Brasilia with Luiz Inácio Lula da Silva to discuss the future relationship between both countries after the Broad Front's (Frente Amplio - FA) candidate is inaugurated on March 1. Orsi defeated Álvaro Delgado of the ruling Multicolor coalition in the Nov. 24 runoff and chose Brazil as his first destination abroad to launch his administration's diplomatic agenda.

Uruguay's President-elect Yamandú Orsi did not rule out inviting Venezuelan President Nicolás Maduro over to his inauguration during his first press conference after winning the runoff against Álvaro Delgado of the ruling Multicolor coalition. However, the former Mayor (Governor) of Canelones admitted some diplomatic difficulties with Caracas that he hoped to work out. In any case, he insisted that relations are between States and not between presidents. At any rate, the issue will be seen when the time comes, he added.

Former Presidents and experts in various fields are to convene on Thursday and Friday at Asunción's Sheraton Hotel for the Latin American Ideas Forum (FLI) 2024, a space for innovation and international cooperation under the motto Connecting the present with the future of Latin America.