What implications would an eventual FTA with China have for Uruguay's meat chain?

Published 2021년 9월 17일

Tridge summary

Uruguay's President, Luis Laccle Pou, has announced the country's intention to start negotiations for a Free Trade Agreement (FTA) with China, its largest trading partner. This decision is causing concern among other Mercosur countries, as they prefer bloc negotiations over individual country agreements. The FTA could significantly benefit Uruguay's beef, sheep, and giblets exports to China, which have seen a substantial increase in the last decade, reaching 51% of meat product export value in 2021. Currently, Uruguay faces higher tariffs compared to competitors like Australia and New Zealand, and an FTA could help reduce these tariffs and improve competitiveness. The potential FTA would focus on tariff reduction, the term of reduction, and quantitative restrictions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The president of Uruguay, Luis Lacalle Pou, announced that the beginning of a path towards a Free Trade Agreement (FTA) with China, its main trading partner, which would represent benefits for the sale of the three main products it sells to the Asian country. , including beef. Although these are not preliminary negotiations but rather a show of will to start the talks, the announcement "was received with caution and concern" by some Mercosur member countries, such as Brazil, Argentina and Paraguay, according to DW. For example, Argentina's Minister of Productive Development, Matías Kulfas, declared in recent days that Mercosur "negotiates as a bloc, not an individual country." (Read: Uruguay has become a major exporter of meat and livestock to China) “Uruguay can make a bilateral agreement with China outside of Mercosur or it can continue in Mercosur. Mercosur regulations are very clear, the agreements are made en bloc, not unilaterally, "he said, clarifying that there is still no ...
Source: MXContexto

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