Montevideo, 28 set (EFE) .- The devaluation of the real "generated impacts on trade relations of Uruguay" with Brazil, both exports "in the trades [Uruguayan] the border," he said on Monday (28) in Montevideo the Economy deputy minister Uruguayan Pablo Ferreri, after the Council of Ministers.
"It's a situation that we monitor constantly and we have to examine what measures may be necessary," said Ferreri on options for remedying the situation.
The real, which last Friday closed the week with a front quote the US dollar of R $ 3.976 on sale in the Brazilian commercial exchange rate, arrived on September 23 the worst mark since the creation of the real in 1994.
One of the direct consequences of the devaluation of the Brazilian currency is the situation experienced in the city of Chui (515 km from Porto Alegre), which has half the territory on Brazilian soil and one in Uruguay.
About 60% of the 14,000 inhabitants of the south side are unemployed and "many businesses" closed, as informed the news agency Efe the mayor of the Uruguayan side of town, Mary Urse.
"We can not compete with Brazil," said the representative of the city on the price difference between both regions, which causes thousands of Uruguayans cross the border to buy products included in a basic family basket, the only items Country Uruguayan neighbor who can bring to their country, with a limit of 5 kilograms per person.
Among the products "star" are coffee, rice and sugar products on the Brazilian side can be found with prices up to 50% cheaper than in Uruguay.
One of the measures requested by Uruguay merchants to the government, not only in Chui, but across the border with Brazil, according Urse, is a "tax break to compete" with their neighbors.
Ferreri said "still" have not discussed "tax exemptions" as one of the first lines of action, but said "it is always a tool" to be considered.
As for the possibility of prohibiting the Uruguayan crossing the border with goods purchased in Brazil, the Deputy Minister indicated that this is not a measure that has been "conversed".
"Brazil depreciated by just over 50% its currency this year and this is a path that our exchange rate can not and should not follow," said Ferreri.
According to Carmen Ibarra, a member of the Audit Committee of the Chamber of Uruguayan-Brazilian trade, trade relations between the two are "hoping" the actions of central banks of countries and the "evolution of the Brazilian political situation."
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