Weekly Report - 30 August 2018 (WR-18-34)

Uruguay’s foreign minister Rodolfo Nin Novoa signed a memorandum of understanding in China last week incorporating his country into the ‘One Belt and One Road initiative’ (OBOR). Uruguay becomes the first country in the Southern Common Market (Mercosur) to be admitted to the ambitious global infrastructure development initiative launched by China which envisages the symbolic recreation of the Silk Roads, with camels and caravans upgraded to bullet trains and broadband.

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