President of Uruguay confirms advanced negotiations with China for trade agreement

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Uruguayan President Luis Lacalle Pou confirmed to journalists this Tuesday (24th) that negotiations with the Chinese for a Free Trade Agreement (FTA) are advanced.

“Mercosur is the fifth most protectionist region on the planet. Uruguay needs to open up to the world,” he said.

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The Uruguayan president also declared that Mercosur will be “welcome” to participate in the negotiations and that he disagrees with the idea of ​​dismantling the bloc in case of an agreement with the Chinese.

The idea worries Mercosur members who allege a risk of weakening the bloc. Brazilian Chancellor Mauro Vieira recently said in an interview that the agreement between Uruguay and China would put the survival of the group in check.

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This should be the subject discussed between Lacalle and President Luiz Inácio Lula da Silva on a visit by the Brazilian entourage to the country. The PT and the Minister of Finance, Fernando Haddad, will seek to dissuade Lacalle from the idea.

Source: CNN Brasil

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