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AmericasSeptember 3 2006

Petitioning for a right to roam

Danilo Astori, finance minister of Uruguay, tells The Banker of his optimism regarding a settlement of the pulp mill row and why Mercosur members should be free to make bilateral trade agreements with whoever they choose.
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Q How important to Uruguay are the investments by the Finnish company Metsa-Botnia and the Spanish group Ence in the pulp mills on the River Uruguay?

A The investments are very important. They are the biggest in Uruguay’s history and will have a very positive impact on the economy. In total, we are talking about investments to the tune of $3bn. The Nordic group Stora Enzo has also announced plans to develop a pulp mill in the centre of Uruguay next year but that will be much less controversial than the other two.

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