What Do Nicaraguan Businessmen Know About Mercosur?

The pressing need for predictability in exports to Venezuela is inducing the Nicaragua principal business leader to ask for the country's entry to the chaotic South American bloc.

Thursday, June 6, 2013

Statements by Nicaraguan businessmen to the effect that Nicaragua requires security in trade with Venezuela are often heard, for which they are advocating a trade agreement between the two countries.

Now they are looking towards the Mercosur, which was recently, forcibly, joined by Venezuela -forcibly because the Paraguayan Congress refuses to give its consent in this regard- in order to obtain "friendly" markets for its exports.

Nicaraguan entrepreneurs should learn more about the insecurity experienced by Mercosur companies, especially those of the smaller partners, Uruguay and Paraguay, against the continued disregard for the block's own business rules incurred by major partners Argentina and Brazil.

To illustrate the matter, we quote José Mujica, President of Uruguay, which currently holds the rotating presidency of Mercosur, who explicitly states that "... We can not deceive ourselves, in recent years MERCOSUR has become very stagnant with increasing difficulties for trade among its members, rather than being a common market, it is in fact just a bad customs union"

More on this topic

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The possibility of negotiating a free trade agreement with the trade bloc of South American countries is back on the discussion.

The issue will be discussed in detail at the meeting of the Council of Ministers of Economy of the region (Comieco), to be held in El Salvador on December 5 and 6.

Mercosur: Not a Trade Alliance But An Ideological One

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The entry of Venezuela to the South American block has consolidated its character as being driven more by domestic political considerations that modern commercial criteria.

"We need to get rid of this straight jacket, since we will not conclude any agreement while having Argentina and Venezuela as partners," said Roberto Giannetti, director of the Department of International Relations and Foreign Trade of the Federation of Industries of the State of Sao Paulo (Fiesp).

Backing Development Decisively and Realistically

May 2013

The Pacific Alliance is now operating and producing results which are favorable to the development of the nations which compose it, and it is a natural environment for Central American countries to be integrated into.


The very apt comparison made by analyst Andres Oppenheimer between the economic blocs Mercosur-Argentina, Brazil, Paraguay, Uruguay and Venezuela-, and the Pacific Alliance-Chile, Colombia, Mexico and Peru (soon to also include Costa Rica) - shows the major conceptual differences between one group and another, and the concrete results generated for the development of their people.

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The Association Agreement between Central America and Europe, interrupted in Honduras yesterday when the Nicaraguan negotiators left what was the seventh round of negotiations between the parties, adds itself as unfinished business to the others Europe is attempting to negotiate with the Southern Common Market (MERCOSUR), comprised of Argentina, Brazil, Paraguay and Uruguay and the Andean Community of Nations (CAN).

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