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  HOME | Uruguay

Montevideo: No Mercosur Objection to Uruguay-China Trade Talks

MONTEVIDEO – None of Uruguay’s partners in Mercosur has raised objections to his government’s plan to negotiate a trade accord with China, President Tabare Vazquez said on Monday.

Far from being negative, Argentine President Mauricio Macri’s statement that he would prefer Mercosur bargain with China as a bloc was “very encouraging,” Vazquez said during a public Cabinet session in San Jose province.

Vazquez announced earlier this month during a visit to Beijing that the respective governments had set a goal of achieving a bilateral trade agreement within the next two years.

A trade deal with China would spur job creation in Uruguay, he said.

“We presented our terms of reference. We are waiting now for China do the same,” Vazquez said.

Mercosur comprises Argentina, Brazil, Paraguay, Uruguay, and Venezuela.

As major producers of commodities, Argentina, Brazil, and Venezuela have extensive trade and investment links with the Asian giant, but Uruguay is the first Mercosur member to begin formal negotiations with China on a broad bilateral pact.

 

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