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"



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