Event in Uruguay

  • Mercosur summit on 21 December; Uruguay takes the helm for next six months

    URUGUAY, 2015/11/09 The announcement was done by Paraguayan foreign minister Eladio Loizaga following a conference with the ambassadors from the group's member nations, Argentina, Brazil, Uruguay and Venezuela. The announcement was done by Paraguayan foreign minister Eladio Loizaga following a conference with the ambassadors from the group's member countries Mercosur heads of national next summit is scheduled for 21 December in Asunción, Paraguay, the country currently holding the group's chair. At the conference the six-month rotating chair will be handed to Uruguay for the initial half of 2016. Mercosur is not going through one of its best periods, and since founded in 1991 as a customs union with the purpose of becoming a common market, has been submitted to the influence of policies tainted with ideology which have severely limited its trade and investment development objectives.