On July 1, 2026, Uruguayan President Yamandú Orsi officially took over the pro tempore presidency of the Southern Common Market (Mercosur) from Paraguayan President Santiago Peña at the 68th Summit of Heads of State held in Luque, Paraguay. The ceremony was attended by Brazilian President Luiz Inácio Lula da Silva, Bolivian President Rodrigo Paz, and other leaders of member states.
In his inaugural address, Orsi stated that the priorities of Uruguay’s presidency term are to “continue advancing the modernization of the bloc” and consolidate its trade openness. He emphasized: “We want to see a more modern, more dynamic Mercosur that is more open to the world, but above all, a Mercosur that delivers tangible results for its citizens”. Orsi described the past six months as “historic,” as the bloc signed a trade agreement with the European Union, which he called a “turning point” for economic integration and investment. He indicated that during Uruguay’s term, “special emphasis” will be placed on implementing the agreement with the EU and strengthening relations with the European Free Trade Association. The next summit in December will host the first council meeting of the interim trade agreement and the first business forum between the two blocs.
In terms of foreign economic relations, Orsi said Uruguay would push to conclude trade negotiations with Canada and the United Arab Emirates, and advance talks with India, Vietnam, and Japan — negotiations with these countries were announced by the bloc earlier this week. He stated: “The challenges of our time call for more cooperation, not less; more dialogue, not less; more integration, not less”.
On domestic border integration, Orsi announced plans to modernize border integration control zones to facilitate the flow of goods and people. “Borders are not barriers,” he said, “but places where millions of people live, work, study, and start businesses every day”. In the security domain, Uruguay will seek to strengthen regional coordination in combating transnational organized crime.
Notably, Uruguay’s assumption of the Mercosur pro tempore presidency means it now concurrently holds the presidency of multiple key multilateral mechanisms, including CELAC, the Group of 77 plus China, and the Brasília Consensus.