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Impact of Uruguay, Argentina conflict on German firms

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Staff writer ▼ | June 23, 2014
UruguayThe Uruguay-Germany commerce and industry chamber (AHK), expressed its deepest concern over the current tension in relations between Uruguay and Argentina.

The release refers to President Jose Mujica's administration recent authorization for the UPM-Botnia pulp mill to increase its annual production, strongly objected by the government of Argentine president Cristina Fernandez, which warned it would take the case back again to the International Court of Justice in The Hague, and make a 'reassessment' of bilateral relations at all levels.

Germany is the European Community leading trade partner of Uruguay and one of the top three at world level, and "the Chamber is following with special attention the impact of the situation between its partners, both for Uruguayan and German companies, since most of them have close trade links with Argentina, be it directly or through bilateral agreements or Mercosur instruments".

The chamber (AHK), which has 450 Uruguayan and German companies as members "supports all negotiation instances and offers to collaborate to overcome the differences in the shortest time possible, so as to avoid loss of business deals and further damage the already difficult path of Mercosur in search of a free trade agreement with the European Union".

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