Uruguayan president Tabare Vazquez confirmed Monday that Economy minister Danilo Astori would be leaving his post next September 15th but at the same time emphasized that there would be no changes to the current macroeconomic policy to which his administration has been successfully committed.
Neighboring Uruguay and Argentina have again clashed over trade in the framework of Mercosur. Argentina is complaining about a 2% consular levy Uruguay applies to all imports while Uruguayan authorities argue that the controversial farm export taxes distort market conditions.
Uruguay's exchange rate which has a significant influence for the country's exports has advanced strongly against virtually all of its trade partners with the exception of Brazil.
Uruguay's July consumer prices index CPI marked 0.45%, the lowest since last April, accumulating 5.91% in the first seven months of 2008 which, according to analysts makes it difficult to keep to the original Central Bank estimates of 3 to 7% for the twelve months.
Uruguay's ruling coalition leads vote intention with a solid 42%, seven points ahead of the main opposition party, Nacional with 35%, according to a public opinion poll from consultants Cifra which was released on Monday.
The first vessel to call in Montevideo port, Uruguay, this coming 2008/09 cruise season is Minerva II which will be arriving November 21st, according to an official report from local authorities.
The recurrent conflicts in Brazilian ports are having a direct impact on River Plate maritime traffic but the situation could be overcome if Montevideo expands its facilities and becomes a hub for the region, according to maritime agents.
By the end of the year Uruguay will be shipping beef directly to European Union consumers. The locally packed presentations will have all the traceability information plus the brand name with all the consumer data the supermarket wishes or has to comply with.
Uruguay will be complying Monday with its final written presentation in The Hague on the Botnia pulp mill construction dispute with Argentina that alleges Uruguay ignored water joint management agreements.
Farm production in Uruguay will consolidate its sixth year running of expansion, 66.5% since 2002, and farm exports are forecasted to reach 4.2 billion US dollars, a 51% increase over last year, according to a report from the Ministry of Agriculture Programming and Policies Office, OPYPA.