Uruguayan Foreign Minister Rodolfo Nin Novoa confirmed Thursday [2 February 2017] that his country hopes to press ahead with negotiations for a free trade agreement (FTA) with China and would ask the Southern Common Market (Mercosur) to consider it. “We are absolutely convinced and committed” that “if China wants the treaty, we will do it and the parliament will approve it,” the minister said after a meeting in the Senate, where results of President Tabare Vazquez’s official visit to China in October 2016 were discussed…Full Article: ECNS.cn Feb 2017

Key Point

  • Other member states of Mercosur (Argentina, Brazil, and Paraguay) may be hesitant to permit a Urugyan free trade agreement due to trade concerns such as Chinese goods avoiding tariffs by being re-exported duty-free to other members.

ChinaAg Comments

  • In October 2016, Uruguay’s Minister of Agriculture was expected to visit Henan Province, China. During the same month, China’s Premier met with the Uruguayan President in Beijing.
  • From 2015 to 2016, Chinese imports of Uruguayan beef reportedly increased 15.8% to 188,411 MTs.

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