IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.35▼ 1.18% USD/MXN18.68▲ 0.57% USD/CLP983.77▼ 0.54% USD/COP3,146▲ 2.96% USD/PEN3.45▲ 0.16% USD/ARS1,538▼ 0.16% USD/UYU40.21▲ 3.57% USD/PYG5,803▲ 3.78% USD/BOB11.97▲ 4.93% USD/DOP59.85▲ 0.67% USD/CRC451.24▲ 2.13% USD/GTQ7.64▲ 3.23% USD/HNL26.87▲ 3.37% USD/NIO36.62▲ 2.81% USD/VES885.90▼ 0.03% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.63% USD/TTD6.71▲ 2.07% EUR/BRL5.95▲ 7.50% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 175,710.05 ▼ 0.51% IPC MEX 69,734.34 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Wednesday, October 28, 2026

Argentina Latin America

Seven points agreed upon by Argentina and Uruguay to seal lasting peace

By · August 19, 2021 · 4 min read

RIO DE JANEIRO, BRAZIL – The governments of Argentina and Uruguay made progress on at least 7 points of agreement to strengthen bilateral relations and advance in a lasting peace, as proposed by Presidents Alberto Fernández and Luis Lacalle Pou in the long meeting recently held in Buenos Aires.

The repercussions of “Olivosgate” and the electoral campaign activity overshadowed the over three-hour dinner last week between the presidents of Uruguay and Argentina, but this did not prevent both countries’ Foreign Ministries from quickly starting to work on a “positive agenda,” as they call it. It is a list of topics of agreement between the presidents aimed at improving bilateral ties.

Presidents Alberto Fernández and Luis Lacalle Pou settled on a “positive agenda” after their recent meeting at the Olivos presidential residence.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

According to Uruguayan and Buenos Aires diplomatic sources, Alberto Fernández and Lacalle Pou decided to set aside their clash at the last MERCOSUR summit by agreeing that “if we are a burden, let them take another boat,” as the Argentine president said.

1- PRESIDENCY OF CELAC

Uruguay’s government expressed its “full support” for Argentina to preside the Community of Latin American and Caribbean States (CELAC), a regional organization through which Argentina seeks to unify left and right wing government positions. Close friends of Uruguayan Foreign Minister Francisco Bustillo, who attended the Olivos dinner, confirmed that Lacalle Pou has decided to support Argentina in this international bid.

2-THE BINATIONAL BRIDGE

An agreement was reached to seek international financing for the construction of the bridge linking the towns of Monte Caseros in Argentina and Bella Unión in Uruguay. “It is a long term project but well underway,” said the Argentine Foreign Ministry. This confirms the decision of the Administrative Commission of the Uruguay River to launch a call for bids for the project. Montevideo said that the bridge will favor intra-MERCOSUR transit in trade matters.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Brazil stocks plunge 13.9% in one day after Lula win”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

3- EXTRA-MERCOSUR AGREEMENTS

Alberto Fernández reportedly endorsed Uruguay’s proposal to advance in potential extra-MERCOSUR trade agreements. The only condition would have been that each case be analyzed upon Uruguay’s specific requests.

Along these lines, Montevideo said that “the dialogue was greatly improved” in this particular point of friction between the two administrations.

4- PEPIN’S EXTRADITION

Alberto Fernández inquired about the situation of Mauricio Macri’s close collaborator Fabián “Pepin” Rodríguez Simón, currently in Montevideo requesting political asylum in the Uruguayan courts and under investigation for alleged extortions to the Indalo Group, owner of C5N news channel and other media outlets.

Both those close to Alberto Fernández and Lacalle Pou acknowledged that during the Olivos dinner the extradition request by Argentina for Pepín Rodríguez was discussed, although the Uruguayan president made it clear that this issue is in the hands of the Judiciary.

“This is in the hands of the Judiciary, outside the scope of the Executive, and the Refugee Commission submitted a report with its position against granting refuge, so now it is up to the judge to accept the suggestion or otherwise. It is the judge who must rule for refuge and extradition,” Uruguayan diplomatic sources said.

5- BORDER OPENING

Argentina and Uruguay established a new schedule for the opening of “controlled borders” due to the pandemic. Both presidents agreed that after September the agreements will be revised so that not only Argentines with properties in Uruguay, but also all Argentines vaccinated against Covid-19, will be allowed to enter the country.

6-INCREASED TRADE

Trade between Argentina and Uruguay has been decreasing since 2011 and in 2019 the trade balance reached a surplus of US$1.2 billion for Argentina, although Montevideo offsets it with tourism. This was one of the issues addressed at the presidents’ meeting where they agreed to increase the trade flow.

7-THE MAGDALENA CANAL

The construction of the Magdalena Canal is a long-standing project that was revived after a bill recently presented by the now Minister of Defense Jorge Taiana.

It is clear that Argentina will save on service payments that are so far destined to the port of Montevideo and this measure would have a negative impact on the main Uruguayan port. Apparently, Lacalle Pou is inclined to have the Uruguay River Administrative Commission analyze this thorny issue.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.