SAO PAULO — Uruguay is paying the price for failing to sign the latest Mercosur trade pact agreement with Argentina and Brazil. The country's exports, on which it relies heavily, have come to a near standstill. “This uncertainty endangered the automotive industry in Uruguay. The situation is unsustainable,” says the Oscar Ramos, director of Uruguay's Automotive Chamber of Industries (CIAU). The 1995 Mercosur trade pact's automotive sector was divided up among the four countries that ...
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