Below you will find an excerpt and link to read the full article on how Vietnam and Uruguay are working together right now to increase cooperation in investment, agriculture, and farm produce processing, adding that Uruguay can supply such products as beef, fruits and wine to Vietnam. While Vietnam, likewise has much to offer in exchange.
Why do I say that MERCOSUR has failed as a trading bloc? For starters Uruguay can not within the legal framework of the Economic Union negotiate FTA’s with countries unless all members of MERCOSUR are involved in the negotiations and on board. It seems the intelligent leaders of Uruguay know which way the wind blows and how MERCOSUR is now becoming a major hindrance to their own destiny as a country. To put it simply:
- While Argentina and Brazil bicker over taxes and trade…
- While all members try to figure out what to do with Paraguay and the dirty game which was played to admit Venezuela into the union
- While Argentina continues to raise a stir over the FALKLANDS, which they believe is occupied by “Latino’s.” FAR from the reality, see this article written by a Panamanian journalist who recently visited the Islands… The place is more British than most parts of the ethnically diverse city of London.
- Last, while trade among the Economic Bloc is declining…
Uruguay has realized in this new, ever more inter-connected global economy they are a special country which can offer special incentives and advantages compared to their giant neighbors to the North and South (Brazil and Argentina).
It’s time MERCOSUR takes a deep, introspective look at itself because day by day, the MERCOSUR Union seems to be cracking apart piece by piece. In the opinion of your author, Uruguay should realize its special niche in the world and that it no longer needs to depend too heavily on Brazil or Argentina for its economic well-being. No matter what happens with MERCOSUR, people from Argentina and Brazil will flock to Punta del Este for vacation, continue trading with the country, and maybe even continue the trend of using Uruguay as a conduit and medium in which to conduct business with the world and among each other because Uruguay is a dream come true when it comes to doing business… At least compared with Argentina and Brazil which notorious for bureaucracy, regulations and high taxes.
Vietnam looks to boost economic ties with Uruguay
VietNamNet Bridge – Uruguay should create favourable conditions for Vietnamese enterprises to invest and do business in the country as well as in the Latin American market, President Truong Tan Sang has said.
Sang made the suggestion at a reception in Hanoi on November 6 for visiting Vice President of the Eastern Republic of Uruguay, Danilo Astori, who is also President of the General Assembly and the Chamber of Senators.
The President went on to say that Vietnam is willing to serve as a bridge for Uruguay goods into the ASEAN market.
Apart from further promoting political ties, the two countries should soon implement the agreement signed, paving the way for trade and economic cooperation, especially in agriculture, oil, gas and telecommunications, said Sang.
Agreeing with the President’s proposal on the establishment of an inter-governmental committee at an early date, Astori shared his view that in the short-term, the two countries should implement the Framework Agreement signed in 2007 and forge new deals to boost bilateral economic and trade ties.
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