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Why Uruguay’s Bet on China Matters for Latin America

A prospective free trade deal could shake up South America’s protectionist trade bloc — and China stands to benefit. Under a coalition government of the centre led by President Luis Lacalle Pou, one might expect Uruguay to keep China at arm’s length. But in a twist with extensive implications for economic relations between China and Latin America, it is doing the opposite. The Uruguayan government is pressing forward with efforts to hammer out a free trade deal with China, already the top buyer of its…

30 Years of Mercosur: What Has it Brought its Members?

On March 26, 1991, the heads of state of Argentina, Brazil, Paraguay, and Uruguay gathered in the Paraguayan capital of Asuncion to sign a treaty formally establishing a regional economic integration initiative officially named the Southern Common Market, but better known as Mercosur. Thirty years on, the four countries remain active members and the association has plans for expansion. But what advantages has Mercosur brought to its founders? And what does the future hold for the bloc? Below, we consider…

Paraguay assumes Mercosur presidency

In July 17th the Paraguayan president, Horacio Cartes, assumed the rotating role of presidency of the Mercado Común del Sur (Mercosur, the Southern Cone customs union) at the trade bloc’s 48th summit in the Brazilian capital, Brasília. Analysis Mr Cartes received the post from the Brazilian president, Dilma Rousseff, who had occupied the role for the previous six-month period. This development is particularly important for Paraguay, as it marks the first time that the country has held the position…
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