IBOV 176,754 ▲ 2.32% IPSA 10,989 ▼ 0.33% IPC MEX 66,670 ▲ 0.85% MERVAL 3,218,069 ▲ 0.49% COLCAP 2,287.04 ▼ 0.25% BVL PERÚ 56,194.27 ▲ 0.64% USD/BRL5.11▼ 0.08% USD/MXN17.51▼ 0.19% USD/CLP925.10▼ 0.28% USD/COP3,249▼ 2.81% USD/PEN3.39▼ 0.24% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.84▼ 0.95% BRENT 76.48 ▲ 0.24% WTI 72.03 ▼ 0.07% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.74% GOLD 4,099 ▼ 0.77% SILVER 59.78 ▼ 1.00% SOY 1,184 ▲ 0.38% CORN 455.50 ▲ 6.49% WHEAT 641.50 ▲ 4.95% COFFEE 328.10 ▼ 8.08% SUGAR 14.79 ▼ 2.18% ORANGE JUICE 147.35 ▼ 1.70% COTTON 80.08 ▲ 5.15% COCOA 6,025 ▼ 4.50% BEEF 231.15 ▼ 1.74% CATTLE 356.43 ▲ 0.08% LITHIUM 72.30 ▼ 0.72% PETR4 39.65 ▲ 1.12% VALE3 74.26 ▲ 1.52% ITUB4 43.81 ▲ 2.86% BBDC4 18.60 ▲ 3.33% ABEV3 15.85 ▲ 0.83% BBAS3 20.43 ▲ 2.15% B3SA3 15.41 ▲ 4.19% WEGE3 46.40 ▲ 1.44% PRIO3 55.33 ▼ 0.50% SUZB3 41.81 ▲ 1.90% RENT3 40.82 ▲ 3.60% AZZA3 18.96 ▲ 2.71% CSAN3 3.96 ▲ 2.59% RAIZ4 0.36 ▼ 2.70% PCAR3 2.79 ▲ 1.09% GMAT3 4.01 ▲ 2.04% PSSA3 54.33 ▲ 1.84% CVCB3 1.26 ▲ 0.80% POSI3 3.99 ▲ 3.64% SLCE3 13.89 ▲ 0.73% NATU3 8.54 ▲ 0.95% BRKM5 6.43 ▲ 1.10% RANI3 7.98 ▲ 1.53% CSNA3 5.06 ▲ 5.42% CMIN3 5.08 ▲ 5.18% USIM5 8.41 ▲ 0.72% GGBR4 23.00 ▲ 2.31% ENEV3 26.88 ▲ 2.60% CPFE3 47.19 ▲ 1.94% CMIG4 11.31 ▲ 2.08% EQTL3 40.75 ▲ 3.14% LREN3 14.73 ▲ 4.10% VIVT3 35.60 ▲ 3.19% RAIL3 13.99 ▲ 1.75% KLABIN 17.56 ▲ 0.92% RAIA DROGASIL 18.66 ▲ 2.92% RDOR3 36.19 ▲ 2.96% HAPV3 10.32 ▲ 2.48% FLRY3 16.24 ▲ 3.11% SMTO3 16.05 — 0.00% UGPA3 30.75 ▲ 2.16% VBBR3 32.72 ▲ 1.93% BBSE3 39.72 ▲ 1.12% BPAC11 57.40 ▲ 3.09% CURY3 34.18 ▲ 4.53% AERI3 2.08 ▲ 0.97% VIVARA 23.00 ▲ 1.86% COMPASS 25.28 ▲ 2.43% VAMOS 3.04 ▲ 2.70% SANB11 27.14 ▲ 3.39% ASAI3 8.92 ▲ 5.44% SBSP3 31.03 ▲ 3.43% WALMEX 49.40 ▲ 0.78% GMEXICO 196.88 ▲ 0.79% FEMSA 224.26 ▲ 0.85% CEMEX 22.11 ▲ 1.84% GFNORTE 188.69 ▲ 1.80% BIMBO 56.21 ▲ 0.50% TELEVISA 9.58 ▲ 0.95% AMX 22.95 ▲ 1.37% GAP 410.67 ▼ 0.74% ASUR 283.72 ▲ 0.04% OMA 238.46 ▲ 0.19% KOF 182.20 ▲ 0.72% GRUMA 285.21 ▲ 1.03% KIMBER 38.25 ▼ 0.49% SQM-B 67,670 ▼ 2.07% COPEC 6,030 ▲ 0.17% BSANTANDER 77.63 ▲ 0.17% FALABELLA 5,850 ▼ 0.02% ENELAM 84.64 ▲ 0.57% CENCOSUD 2,075 ▲ 0.89% CMPC 1,099 ▲ 0.37% BANCO CHILE 187.22 ▲ 0.12% LATAM AIR 26.18 ▼ 0.83% YPF 74,650 ▼ 1.48% GGAL 8,040 ▲ 2.03% PAMPA 5,145 ▼ 1.15% TXAR 660.50 ▼ 0.60% ALUAR 972.00 ▲ 0.36% TGS 9,440 ▲ 1.40% CEPU 2,300 ▼ 0.65% MIRGOR 17,400 ▲ 1.16% COME 45.68 ▲ 0.57% LOMA NEGRA 3,510 ▲ 0.36% BYMA 310.50 ▲ 0.24% TELECOM ARG 4,150 ▲ 0.73% ECOPETROL 15.27 ▼ 0.78% BANCOLOMBIA 82.46 ▲ 1.89% GRUPO AVAL 5.03 ▲ 0.15% CREDICORP 399.40 ▲ 1.91% SOUTHERN COPPER 176.85 ▲ 1.39% BUENAVENTURA 29.99 ▲ 1.49% MERCADOLIBRE 1,859 ▲ 2.82% NUBANK 13.96 ▲ 2.08% XP 17.01 ▲ 3.66% PAGSEGURO 9.34 ▲ 3.72% STONE 11.27 ▲ 2.83% GLOBANT 30.74 ▼ 1.76% TECNOGLASS 44.12 ▲ 2.26% GAP AIRPORT 234.20 ▼ 0.12% ASUR 283.72 ▲ 0.04% OMA AIRPORT 108.80 ▲ 0.43% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 128.14 ▲ 0.89% CEMEX ADR 12.65 ▲ 2.22% PETROBRAS ADR 17.19 ▲ 0.94% VALE ADR 14.50 ▲ 1.93% ITAU ADR 8.57 ▲ 3.50% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.08 ▲ 1.15% CSN 1.00 ▲ 4.72% GERDAU 4.52 ▲ 2.38% LATAM ADR 57.10 ▲ 0.11% BTC 64,047 ▲ 1.35% ETH 1,787 ▲ 2.42% SOL 77.68 ▼ 0.47% XRP 1.10 ▲ 0.96% BNB 572.21 ▲ 0.66% ADA 0.17 ▼ 0.19% DOGE 0.07 ▲ 1.48% AVAX 6.69 ▲ 0.11% LINK 7.90 ▲ 2.16% DOT 0.87 ▲ 5.68% LTC 44.34 ▲ 1.31% BCH 249.18 ▲ 4.80% TRX 0.33 ▼ 0.45% XLM 0.19 ▲ 1.38% HBAR 0.07 ▲ 0.37% NEAR 1.89 ▼ 1.48% ATOM 1.57 ▲ 1.24% AAVE 94.56 ▲ 3.62% SELIC 14.25% EMBRAER 84.41 ▲ 0.66% EMBRAER ADR 66.44 ▲ 1.37% JBS 11.93 ▲ 1.66% JBS BDR 60.84 ▲ 1.32% MBRF3 15.81 ▲ 2.60% MBRFY 3.05 ▲ 1.67% INTER 5.88 ▲ 2.98% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.09% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.85▼ 0.33% USD/CNY6.77▼ 0.39% DAX 25,110 ▼ 0.03% CAC 8,328 ▲ 0.02% FTSE 10,505 ▲ 0.31% MIB 52,717 ▲ 0.64% IBEX 19,423 ▲ 0.52% STOXX 641.68 ▲ 0.13% EUR/USD1.14▼ 0.04% GBP/USD1.34▲ 0.10% SPX 7,553 ▲ 0.13% DJI 52,566 ▲ 0.15% NDX 29,700 ▼ 0.09% RUT 2,975 ▼ 0.57% TSX 35,276 ▲ 0.21% VIX 15.54 ▼ 1.89% USD/CAD1.42▼ 0.07% US10Y 4.5490 ▲ 0.22% IBOV 176,754 ▲ 2.32% IPSA 10,989 ▼ 0.33% IPC MEX 66,670 ▲ 0.85% MERVAL 3,218,069 ▲ 0.49% COLCAP 2,287.04 ▼ 0.25% BVL PERÚ 56,194.27 ▲ 0.64% USD/BRL 5.11 ▼ 0.08% USD/MXN 17.51 ▼ 0.19% USD/CLP 925.24 ▼ 0.26% USD/COP 3,249 ▼ 2.81% USD/PEN 3.39 ▼ 0.21% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.81% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.84 ▼ 0.87% BRENT 76.48 ▲ 0.24% WTI 72.03 ▼ 0.07% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.74% GOLD 4,099 ▼ 0.77% SILVER 59.78 ▼ 1.00% SOY 1,184 ▲ 0.38% CORN 455.50 ▲ 6.49% WHEAT 641.50 ▲ 4.95% COFFEE 328.10 ▼ 8.08% SUGAR 14.79 ▼ 2.18% ORANGE JUICE 147.35 ▼ 1.70% COTTON 80.08 ▲ 5.15% COCOA 6,025 ▼ 4.50% BEEF 231.15 ▼ 1.74% CATTLE 356.43 ▲ 0.08% LITHIUM 72.30 ▼ 0.72% PETR4 39.65 ▲ 1.12% VALE3 74.26 ▲ 1.52% ITUB4 43.81 ▲ 2.86% BBDC4 18.60 ▲ 3.33% ABEV3 15.85 ▲ 0.83% BBAS3 20.43 ▲ 2.15% B3SA3 15.41 ▲ 4.19% WEGE3 46.40 ▲ 1.44% PRIO3 55.33 ▼ 0.50% SUZB3 41.81 ▲ 1.90% RENT3 40.82 ▲ 3.60% AZZA3 18.96 ▲ 2.71% CSAN3 3.96 ▲ 2.59% RAIZ4 0.36 ▼ 2.70% PCAR3 2.79 ▲ 1.09% GMAT3 4.01 ▲ 2.04% PSSA3 54.33 ▲ 1.84% CVCB3 1.26 ▲ 0.80% POSI3 3.99 ▲ 3.64% SLCE3 13.89 ▲ 0.73% NATU3 8.54 ▲ 0.95% BRKM5 6.43 ▲ 1.10% RANI3 7.98 ▲ 1.53% CSNA3 5.06 ▲ 5.42% CMIN3 5.08 ▲ 5.18% USIM5 8.41 ▲ 0.72% GGBR4 23.00 ▲ 2.31% ENEV3 26.88 ▲ 2.60% CPFE3 47.19 ▲ 1.94% CMIG4 11.31 ▲ 2.08% EQTL3 40.75 ▲ 3.14% LREN3 14.73 ▲ 4.10% VIVT3 35.60 ▲ 3.19% RAIL3 13.99 ▲ 1.75% KLABIN 17.56 ▲ 0.92% RAIA DROGASIL 18.66 ▲ 2.92% RDOR3 36.19 ▲ 2.96% HAPV3 10.32 ▲ 2.48% FLRY3 16.24 ▲ 3.11% SMTO3 16.05 — 0.00% UGPA3 30.75 ▲ 2.16% VBBR3 32.72 ▲ 1.93% BBSE3 39.72 ▲ 1.12% BPAC11 57.40 ▲ 3.09% CURY3 34.18 ▲ 4.53% AERI3 2.08 ▲ 0.97% VIVARA 23.00 ▲ 1.86% COMPASS 25.28 ▲ 2.43% VAMOS 3.04 ▲ 2.70% SANB11 27.14 ▲ 3.39% ASAI3 8.92 ▲ 5.44% SBSP3 31.03 ▲ 3.43% WALMEX 49.40 ▲ 0.78% GMEXICO 196.88 ▲ 0.79% FEMSA 224.26 ▲ 0.85% CEMEX 22.11 ▲ 1.84% GFNORTE 188.69 ▲ 1.80% BIMBO 56.21 ▲ 0.50% TELEVISA 9.58 ▲ 0.95% AMX 22.95 ▲ 1.37% GAP 410.67 ▼ 0.74% ASUR 283.72 ▲ 0.04% OMA 238.46 ▲ 0.19% KOF 182.20 ▲ 0.72% GRUMA 285.21 ▲ 1.03% KIMBER 38.25 ▼ 0.49% SQM-B 67,670 ▼ 2.07% COPEC 6,030 ▲ 0.17% BSANTANDER 77.63 ▲ 0.17% FALABELLA 5,850 ▼ 0.02% ENELAM 84.64 ▲ 0.57% CENCOSUD 2,075 ▲ 0.89% CMPC 1,099 ▲ 0.37% BANCO CHILE 187.22 ▲ 0.12% LATAM AIR 26.18 ▼ 0.83% YPF 74,650 ▼ 1.48% GGAL 8,040 ▲ 2.03% PAMPA 5,145 ▼ 1.15% TXAR 660.50 ▼ 0.60% ALUAR 972.00 ▲ 0.36% TGS 9,440 ▲ 1.40% CEPU 2,300 ▼ 0.65% MIRGOR 17,400 ▲ 1.16% COME 45.68 ▲ 0.57% LOMA NEGRA 3,510 ▲ 0.36% BYMA 310.50 ▲ 0.24% TELECOM ARG 4,150 ▲ 0.73% ECOPETROL 15.27 ▼ 0.78% BANCOLOMBIA 82.46 ▲ 1.89% GRUPO AVAL 5.03 ▲ 0.15% CREDICORP 399.40 ▲ 1.91% SOUTHERN COPPER 176.85 ▲ 1.39% BUENAVENTURA 29.99 ▲ 1.49% MERCADOLIBRE 1,859 ▲ 2.82% NUBANK 13.96 ▲ 2.08% XP 17.01 ▲ 3.66% PAGSEGURO 9.34 ▲ 3.72% STONE 11.27 ▲ 2.83% GLOBANT 30.74 ▼ 1.76% TECNOGLASS 44.12 ▲ 2.26% GAP AIRPORT 234.20 ▼ 0.12% ASUR 283.72 ▲ 0.04% OMA AIRPORT 108.80 ▲ 0.43% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 128.14 ▲ 0.89% CEMEX ADR 12.65 ▲ 2.22% PETROBRAS ADR 17.19 ▲ 0.94% VALE ADR 14.50 ▲ 1.93% ITAU ADR 8.57 ▲ 3.50% SANTANDER BR 5.37 ▲ 4.38% AMBEV ADR 3.08 ▲ 1.15% CSN 1.00 ▲ 4.72% GERDAU 4.52 ▲ 2.38% LATAM ADR 57.10 ▲ 0.11% BTC 64,047 ▲ 1.35% ETH 1,787 ▲ 2.42% SOL 77.68 ▼ 0.47% XRP 1.10 ▲ 0.96% BNB 572.21 ▲ 0.66% ADA 0.17 ▼ 0.19% DOGE 0.07 ▲ 1.48% AVAX 6.69 ▲ 0.11% LINK 7.90 ▲ 2.16% DOT 0.87 ▲ 5.68% LTC 44.34 ▲ 1.31% BCH 249.18 ▲ 4.80% TRX 0.33 ▼ 0.45% XLM 0.19 ▲ 1.38% HBAR 0.07 ▲ 0.37% NEAR 1.89 ▼ 1.48% ATOM 1.57 ▲ 1.24% AAVE 94.56 ▲ 3.62% SELIC 14.25% EMBRAER 84.41 ▲ 0.66% EMBRAER ADR 66.44 ▲ 1.37% JBS 11.93 ▲ 1.66% JBS BDR 60.84 ▲ 1.32% MBRF3 15.81 ▲ 2.60% MBRFY 3.05 ▲ 1.67% INTER 5.88 ▲ 2.98% EGX 52,312 ▲ 0.54% USD/ZAR 16.29 ▼ 0.09% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.76 ▼ 0.36% USD/CNY 6.7663 ▼ 0.37% DAX 25,110 ▼ 0.03% CAC 8,328 ▲ 0.02% FTSE 10,505 ▲ 0.31% MIB 52,717 ▲ 0.64% IBEX 19,423 ▲ 0.52% STOXX 641.68 ▲ 0.13% EUR/USD 1.1429 ▼ 0.04% GBP/USD 1.3413 ▲ 0.07% SPX 7,553 ▲ 0.13% DJI 52,566 ▲ 0.15% NDX 29,700 ▼ 0.09% RUT 2,975 ▼ 0.57% TSX 35,276 ▲ 0.21% VIX 15.54 ▼ 1.89% USD/CAD 1.4157 ▼ 0.06% US10Y 4.5490 ▲ 0.22%
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Mexico Politics - Brazil

Mexico’s López Obrador calls for building something similar to European Union at Celac summit

By · September 18, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – The President of Mexico, Andrés Manuel López Obrador, today opened the summit of the Community of Latin American and Caribbean States (Celac), in which more than a dozen leaders of the region are participating, with a call for the area to build something similar to the European Union (EU).

In his welcome message, the Mexican president stressed the need to “build something similar to the economic community that gave rise to the current European Union.”

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He pointed out that this ideal would be possible if agreements were reached on three fundamental issues: non-intervention and self-determination of peoples, cooperation for development, and mutual aid to combat inequality and discrimination.

Andrés Manuel López Obrador. (Photo internet reproduction)
Andrés Manuel López Obrador. (Photo internet reproduction)
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With regard to economic and trade issues, the Mexican President proposed signing an agreement between the countries of the region and the United States and Canada to strengthen the continent’s domestic market, which, he said, “is in deficit with Europe and Asia”.

He stressed the importance of reactivating the economy of the countries of the region soon “to build in America what we consume” and emphasized that we have the labor force, in addition to good technological development. “We are a continent rich in natural resources, with wide cultural diversity, the distances between countries allow us to save on freight, and there is sufficient demand for goods,” he said.

However, he added that joint planning and the cooperation of organizations such as the Economic Commission for Latin America and the Caribbean (ECLAC) and the Inter-American Development Bank (IDB) are required to promote the economic community in the region.

He criticized the lack of support from the U.S. government. He stressed that since 1961, that country invested in 10 years 10 billion dollars (82 billion dollars at the current exchange rate) for the benefit of the peoples of Latin America and the Caribbean.

“It has been the only important thing that has been done in terms of cooperation for development in our continent in more than half a century,” he said.

He affirmed that it is time to end “the lethargy” and propose a “new and vigorous” relationship, in addition to replacing the policy of “blockades and ill-treatment with the option of respecting each other.”

He said that it would be a gesture of “goodwill” if the United States were to donate vaccines against Covid-19 to countries in the region that have not had the possibility of protecting their people against the coronavirus.

Bolivian President Luis Arce was the first to speak (in alphabetical order) after López Obrador’s speech.

Arce criticized the Organization of American States (OAS) and called for an organization “that works with democratic practices and responds to reality by supporting countries’ sovereignty and without interference.”

“The OAS is useless,” said Arce, who praised Mexico’s work in favor of Celac as an organization maintaining that “financial interest cannot be above social interest”.

For his part, Cuban President Miguel Diaz-Canel denounced the “opportunistic campaign of US interests against Cuba” and the fact that the US embargo had been tightened. At the same time, the country suffers “the conditions caused by the pandemic”. “U.S. interventionism is a flagrant violation of international rights,” Diaz-Canel said.

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