Uruguay president keen to speed up trade partnership with China, Mercosur
- Country:
- China
Uruguayan President Luis Lacalle Pou told Chinese Premier Li Qiang that he wanted to speed up building "a free trade partnership among Uruguay, Mercosur, and China," during a meeting in Beijing on Thursday, Chinese state media said.
China is the Latin American country's largest export market, and took 27% of Uruguay's outbound shipments in 2022, according to United Nations COMTRADE data.
But Uruguay is restrained from signing a free trade agreement with the world's second-largest economy because of its membership in a trade bloc with Argentina, Brazil and Paraguay which has expressed a preference for a free trade agreement with the European Union.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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