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LatinNews Daily - 02 July 2019

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In brief: Paraguay/Uruguay

* Moody’s Investors Service recently predicted that Paraguay and Uruguay would benefit proportionally more that Brazil and Argentina from the recent European Union (EU)-Southern Common Market (Mercosur) trade deal signed on 29 June. Moody’s says the deal will help all Mercosur countries, but because Uruguay and Paraguay have smaller domestic markets and weaker economies than Brazil and Argentina the sweeping trade deal will likely play a much a much bigger role in their economies, while Brazil and Argentina will still see a vast proportion of their economic growth coming from their domestic markets. The signing of the deal was welcomed by all four Mercosur countries as well as the EU, and has the potential to open a new, powerful global trade relationship, with countries predicted to see positive medium-term results.