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Discover the implications of Uruguay's push to unilaterally negotiate free trade agreements outside of Mercosur.

Essential Geopolitics: Uruguay, China and Mercosur's Future

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South African President Cyril Ramaphosa on Nov. 24, 2022, in London.

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A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: South Africa Debates Its President's Fate, an Israeli Government May Emerge

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The Weekly Rundown: EU and Chinese Officials Talk Trade, Israel Hosts an Abraham Accords Summit

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A man receives a dose of a COVID-19 vaccine at a drive-through distribution site in Bogota, Colombia, on April 11, 2021.

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Unlike Chile and Uruguay, Brazil and Argentina will likely struggle to contain the fast-spreading variant as upcoming elections deter strict lockdown measures.

South America’s Response to the P1 COVID-19 Threat

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The national flag of Argentina flies above Avenida 9 de Julio, one of the major arteries of Buenos Aires, on Nov. 28, 2018. 

While it has yet to fully abandon the South American trade bloc, Argentina's withdrawal from current negotiations will still cripple Mercosur's ability to ink future deals.

By Exiting Trade Talks, Argentina Risks Sealing Mercosur's Fate

South America: Split Decisions on Trade

2020 Second-Quarter Forecast

This geographically, culturally and politically diverse region is home to the United States, a nation whose geography helped it become the foremost economic and military power in the world

Americas

The Americas stretch from the Arctic Circle in Canada to the southern tip of Chile. This geographically, culturally and politically diverse region is home to the United States, a nation whose geography helped it become the foremost economic and military power in the world &mdash; an ascendance aided in part by bringing Mexico and Canada into its sphere of influence. Farther south, the nations of South America are like islands, separated by vast spaces of impenetrable mountains, rivers and jungles. Try though these countries may to integrate more closely, deeper ties such as those that characterize North America will prove elusive.

2020 Annual Forecast

2019 Fourth-Quarter Forecast

Snapshots

Both blocs will require unanimous consent for ratification. But securing yes votes from all member states will be a tall order.

EU, Mercosur: Why a Trade Deal Struck After 20 Years of Talks May Never Take Force

EU: Regional Blocs

Divided EU Foreign Policies

2019 Third-Quarter Forecast

Argentine President Mauricio Macri, left, is pictured with his Brazilian counterpart, Jair Bolsonaro.

Brazilian President Jair Bolsonaro's efforts to lift trade restrictions could fall short of what he originally envisioned.

Argentine Elections Could Narrow Brazil's Mercosur Reform Path

2019 Second-Quarter Forecast

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The United States and 11 other countries -- Barbados, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru and Uruguay -- formally launched discussions on the Americas Partnership for Economic Prosperity (APEP), according to a Jan. 27 joint declaration by the 12 countries.

Americas: 12 Countries Launch U.S.-Led Talks to Boost Economic Ties

The Dec. 5-6 meeting of presidents whose countries are part of the South American Mercosur trade bloc failed to agree to a joint declaration after Uruguayan President Luis Lacalle Pou and Argentine President Alberto Fernandez spoke about Uruguay's push to negotiate trade deals to open the country's economy unilaterally, El Observador reported Dec. 6.

Uruguay: In Absence of Mercosur Joint Declaration, Uruguay Likely to Continue Pursuing Separate Trade Deals

Bangladesh

Globalization

The New Development Bank (NDB) established by BRICS nations (Brazil, Russia, India, China and South Africa) has added the United Arab Emirates, Bangladesh and Uruguay to its existing membership, Reuters reported Sept. 2, citing an announcement made by NDB President Marcos Troyjo. 

UAE, Uruguay, Bangladesh: Countries Become Members of New Development Bank 

Chinese imports of soybeans are set to decrease in the second half of 2021 in favor of increased grain imports, Reuters reported July 25. 

China: Demand for Soy Likely to Drop in Second Half of 2021

Agriculture

U.S.-China Relations

Uruguay announced it would begin to negotiate free trade agreements with countries outside the Common Market of the South (Mercosur) during the South American trade bloc’s last meeting, Semanario Busqueda reported July 7.

Latin America: Uruguay to Seek Trade Deals With Non-Mercosur Countries

Supply Chains

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The Indonesian Medical Association reported that 10 doctors have died from COVID-19 after being fully vaccinated with Chinese firm Sinovac's CoronaVac vaccine, Voice of America reported June 30.

China: Questions About Sinovac Vaccine Grow as Delta Variant Spreads

Uruguay appears headed for a runoff presidential election between the candidate of Uruguay's ruling Broad Front, Daniel Martinez, and Luis Lacalle Pou of the National Party, AP reported Oct. 27.

Uruguay: Preliminary Results Suggest Runoff Vote in Presidential Election

Security Challenges in Latin America

After nearly 20 years of negotiations, the European Union and the Common Market of the South have agreed to a draft trade agreement, Reuters reported June 28.

EU, Mercosur: Negotiators Agree on Draft Trade Deal

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A view of the Register in Samarkand, Uzbekistan.

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Covering an area that spans the entire width of the continent beginning at the Sahara Desert and ending at the southernmost tip of South Africa, Sub-Saharan Africa is home to countless cultures, languages, religions, plants, animals and natural resources.

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A horse grazes in front of Kara-Kul lake in the Chon-Ak-Suu valley, 300 kilometers southeast of Bishkek, the capital of Kyrgyzstan.

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Uruguay is a South American country on the Atlantic Ocean squeezed between Argentina to its west and Brazil to its north. It is the second smallest country in South America, after Suriname. More than 80 percent of Uruguay's population is of Spanish and Italian descent, making it one of the most homogenous countries in South America. It is also one of the region's most politically stable countries.    For a brief period in the 19th century, Uruguay was part of Brazil, and it claims about 140 square miles of Brazil's southern border city of Santana do Livramento. Though Brazil does not recognize the claim, Uruguay has avoided taking the dispute to the International Court of Justice, and relations between the two countries have remained peaceful. Meanwhile, disputes with Argentina over the environmental effects of Uruguay's economic activities on the Uruguay River, which separates the two countries, have strained relations.    Uruguay is a full member of the Common Market of the South and has veto power in trade negotiations involving the bloc. The country is a major exporter of soybeans and wheat as well as meat and dairy products. Additionally, Uruguay's river system is navigable; the Uruguay River and Rio de la Plata flow to the Atlantic Ocean, giving the country's products cheap transportation access to international markets.

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SITUATION REPORTS

Americas: 12 Countries Launch U.S.-Led Talks to Boost Economic Ties

Uruguay: In Absence of Mercosur Joint Declaration, Uruguay Likely to Continue Pursuing Separate Trade Deals

UAE, Uruguay, Bangladesh: Countries Become Members of New Development Bank

China: Demand for Soy Likely to Drop in Second Half of 2021

Latin America: Uruguay to Seek Trade Deals With Non-Mercosur Countries

China: Questions About Sinovac Vaccine Grow as Delta Variant Spreads

Uruguay: Preliminary Results Suggest Runoff Vote in Presidential Election

EU, Mercosur: Negotiators Agree on Draft Trade Deal

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