More than 10 years of negotiations come to an end this Friday in Mexico: the European Union and the Latin American country will sign an update to the trade agreement that has been in force since the beginning of this century. The move — arguably more significant than the text of the renewed pact — signals a clear rapprochement between two parties whose commercial — and, to an extent, geopolitical — strategies have been shaken by Donald Trump’s return to the White House, based on protectionism, in barely a year and a half. For both, it is a renewed bet on multilateralism in international relations and a way to diversify alliances and risks to soften the impact of Washington’s unpredictable, unilateral decisions. The update will be signed this Friday in Mexico City by Mexico’s president, Claudia Sheinbaum, and the president of the European Commission, Ursula von der Leyen.

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Uruguayan President Yamandú Orsi made a day trip to São Paulo on Tuesday to meet Brazilian business leaders interested in investing in Uruguay, in an agenda Foreign Minister Mario Lubetkin described as an opportunity to "move to a new phase in the levels of commercial development and Brazilian investments" in the South American country. The official delegation included Lubetkin himself, Economy and Finance Minister Gabriel Oddone, Uruguay's ambassador to Brazil Rodolfo Nin Novoa, and the executive director of investment promotion agency Uruguay XXI, Mariana Ferreira.

One year after the Trump administration launched its tariff offensive against more than 180 countries, Latin America presents a mixed picture: some economies lost competitiveness in the U.S. market, while others redirected exports or negotiated agreements to cushion the blow.

The Capricorn Bioceanic Corridor, one of the most ambitious infrastructure projects underway in South America, is moving through its final stretch on the border between Paraguay and Brazil, with just twenty-one metres remaining to complete the physical link of the so-called Bioceanic Bridge, according to Paraguayan government authorities cited in late May 2026. The structure, built over the Paraguay River, will connect the cities of Carmelo Peralta, in the department of Alto Paraguay, and Puerto Murtinho, in the Brazilian state of Mato Grosso do Sul, and constitutes one of the central pieces of a logistics corridor that will link the Atlantic Ocean with the Pacific across four South American countries.

Hundreds of Brazilians camped overnight on beach chairs, plastic benches and tarps outside an immigration center in Ciudad del Este, on the border with Brazil, to secure a spot in a Paraguayan government drive to fast-track residency applications. Some organized an improvised barbecue on a barrel while they waited. Others had traveled more than 1,500 kilometers by bus. All shared a common thread: the desire to leave Brazil for reasons they describe as political, economic and ideological, according to a report by BBC News Brasil.

The association agreement between Mercosur and the European Union (EU) enters provisionally into force on Friday May 1, after more than a quarter-century of negotiations, in what constitutes one of the world's most ambitious trade deals and the largest reciprocal opening ever finalised by the South American bloc. The final signing took place on January 17 in Asunción and, although final ratification by the European Court of Justice and subsequent approval by the European Parliament remain pending, provisional entry into force allows the immediate start of tariff reductions covering 95% of Mercosur products and 91% of EU products.

The presidents of Brazil, Luiz Inácio Lula da Silva, and Paraguay, Santiago Peña, agreed on Sunday in Campo Grande to intensify negotiations over Annex C of the Itaipú treaty, the instrument that governs the financial terms and energy sales of the binational hydroelectric dam, one of the largest in the world.

Foreign residency applications in Paraguay surged 85% in the first quarter of 2026, reaching 18,071 compared to 9,760 in the same period of 2025, the National Migration Directorate reported. Temporary residency requests jumped 105% to 14,995, while permanent residency applications rose 25% to 3,076.

Brazil’s Congress on Tuesday promulgated the trade agreement between Mercosur and the European Union, completing the final domestic step required for the treaty to take effect on the Brazilian side. The ceremony was led by Senate and Congress President Davi Alcolumbre, who framed the pact as a sign in favor of trade, stability and integration at a time of wars and commercial tensions.