Weekly Report - 8 March 2012 (WR-12-10)

ARGENTINA-URUGUAY | Marital problems. Uruguay’s President José Mujica is becoming more and more publicly disillusioned with the trading bloc Mercosur. Exports to Argentina fell almost by half in February year-on-year as a result of the restrictions imposed by Argentina on imports through a licensing scheme, Uruguay’s union of exporters reported. Exports fell by 47% from US$46.54m to US$24.85m. Mainly food and textile sectors were affected.

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