Sunday, January 29, 2012

'Mercosur lacks institutional warranties,' Uruguay’s Mujica

Uruguay's President José Mujica told reporters that the Mercosur bloc is "stuck" and has no natural institutional operation to push other countries to express their willingness to enter it.

In an interview to Brazilian newspaper Folha de Sao Paulo, Mujica remarked, “In terms of trade, the Mercosur is fine because despite the difficulties, it grew. But I also see that it lacks of institutional warranties”, and added, “It [Mercosur] kind of works by phone calls, or thanks to the work of foreign ministries when there is a difficulty here or there."

Likewise, Mujica said that the trade bloc formed by Argentina, Brazil, Uruguay and Paraguay “lacks the fluidity of a natural relationship.”