The Fort Worth Press - Uruguay says pursuing China trade deal with or without Mercosur partners

USD -
AED 3.672502
AFN 64.501658
ALL 80.734582
AMD 360.878684
ANG 1.789785
AOA 917.000271
ARS 1524.755901
AUD 1.424867
AWG 1.80125
AZN 1.700677
BAM 1.741872
BBD 2.010322
BDT 123.466466
BGN 1.747831
BHD 0.376821
BIF 2996.486509
BMD 1
BND 1.276346
BOB 11.673339
BRL 5.024012
BSD 0.998116
BTN 94.783201
BWP 13.703949
BYN 2.976965
BYR 19600
BZD 2.007472
CAD 1.40606
CDF 2316.000131
CHF 0.825805
CLF 0.024779
CLP 975.24041
CNY 6.67805
CNH 6.678235
COP 3182.74
CRC 453.324902
CUC 1
CUP 23.955861
CVE 98.204067
CZK 21.64195
DJF 177.749674
DKK 6.657195
DOP 61.408157
DZD 134.518986
EGP 54.443896
ERN 15
ETB 163.042175
EUR 0.890497
FJD 2.253803
FKP 0.751528
GBP 0.747645
GEL 2.59052
GGP 0.751528
GHS 11.633261
GIP 0.751528
GMD 73.500423
GNF 8834.937189
GTQ 7.628149
GYD 208.769922
HKD 7.84775
HNL 26.791591
HRK 6.710983
HTG 130.707196
HUF 324.401999
IDR 17960.45
ILS 3.089355
IMP 0.751528
INR 94.74825
IQD 1513.250179
IRR 1832374.999682
ISK 121.319807
JEP 0.751528
JMD 158.414343
JOD 0.709046
JPY 158.244976
KES 129.849772
KGS 87.449804
KHR 4059.43989
KMF 439.501933
KPW 899.999961
KRW 1327.674985
KWD 0.30972
KYD 0.831838
KZT 449.121182
LAK 22457.930899
LBP 89382.155309
LKR 331.042959
LRD 170.188321
LSL 16.442016
LTL 2.95274
LVL 0.60489
LYD 6.402658
MAD 9.782021
MDL 17.906141
MGA 4542.155208
MKD 54.902188
MMK 2099.540776
MNT 3598.083246
MOP 8.069361
MRU 40.034198
MUR 47.260268
MVR 15.460114
MWK 1730.82832
MXN 18.42284
MYR 4.081603
MZN 63.897547
NAD 16.442602
NGN 1330.809778
NIO 36.729114
NOK 9.397955
NPR 151.652766
NZD 1.761265
OMR 0.384503
PAB 0.998205
PEN 3.441974
PGK 4.465916
PHP 63.221501
PKR 276.265992
PLN 3.88925
PYG 5729.145794
QAR 3.628291
RON 4.743898
RSD 104.601028
RUB 82.497417
RWF 1473.795772
SAR 3.757736
SBD 8.07458
SCR 14.039792
SDG 601.498224
SEK 9.905555
SGD 1.277897
SHP 0.7473
SLE 23.920237
SLL 20969.504398
SOS 570.441257
SRD 37.661495
STD 20697.981008
STN 21.820157
SVC 8.734297
SYP 13001.999685
SZL 16.439039
THB 33.652496
TJS 9.217992
TMT 3.51
TND 2.978051
TOP 2.40776
TRY 49.598803
TTD 6.774936
TWD 32.608698
TZS 2644.999758
UAH 44.986841
UGX 4162.751655
UYU 40.042215
UZS 12022.461403
VES 879.788897
VND 25874
VUV 119.358066
WST 2.773115
XAF 584.12771
XAG 0.017411
XAU 0.000242951078
XCD 2.70255
XCG 1.798961
XDR 0.707052
XOF 584.12771
XPF 106.215182
YER 236.120974
ZAR 16.39965
ZMK 9001.208119
ZMW 19.987443
ZWL 321.999592
SSP 5816.545442
MXV 2.079627
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Uruguay says pursuing China trade deal with or without Mercosur partners
Uruguay says pursuing China trade deal with or without Mercosur partners / Photo: © AFP

Uruguay says pursuing China trade deal with or without Mercosur partners

Uruguay insisted on Thursday that it would pursue a free trade deal with China with or without its partners in the South American Mercosur trade bloc.

Text size:

As Argentina appealed for a common front at a Mercosur summit in Paraguay, Uruguay's President Luis Lacalle Pou stood his ground, announcing that delegations from his country and China would be meeting "in a few days" to begin free trade agreement (FTA) negotiations.

Uruguay's plans appear to contravene a Mercosur rule introduced in 2000 under which members must jointly negotiate common trade deals with third parties.

Created in 1991, Mercosur -- a four-member bloc composed of Argentina, Uruguay, Brazil and Paraguay -- represents a market of some 300 million people, with a territory of almost 5.7 million square miles (14.8 million square kilometers).

Lacalle Pou said his country would move forward with China, given the "anxiety and uncertainty" caused by the lack of progress on a Mercosur trade agreement with the European Union.

That deal struck in 2019 has not yet been ratified over concerns among some signatories about Brazilian deforestation.

Uruguay's main exports include beef, dairy products, wood pulp, rice and soya beans.

Argentina's President Alberto Fernandez said Thursday that any free trade agreement with China, a potential market of some 1.4 billion people, should be pursued as a bloc.

Insisting that "individual solutions" were not the way to go, he implored: "Mercosur must live many more years. It must live forever."

Paraguay, which has diplomatic ties with Taiwan, also called for Mercosur unity, and expressed "concern" at the possible entry of Chinese products with preferential tariffs "that can threaten the industries of Paraguay and Argentina, as well as Brazil."

Lacalle Pou said after the initial negotiations with China, "of course... the first thing we intend to do is to talk to Mercosur, to see if we all continue together."

But he insisted Uruguay would go it alone if needed.

Mercosur said Wednesday it had concluded a free trade agreement with Singapore that would boost exports by about $500 million a year from $5.9 billion in 2021.

Brazil's President Jair Bolsonaro was the only leader not to attend Thursday's summit. He sent a pre-recorded message.

J.P.Cortez--TFWP