Political Risk Latin America Blog @PolRiskLatam

Uruguay considers China a ‘strategic partner’ and supports a Beijing-Mercosur trade accord

Posted in News and Articles, Political Risk by politicalrisklatam on June 8, 2011

by Merco Press News, June 8th, 2011.

Uruguay sees China as a ‘strategic partner’ and has kept good relations with Beijing since the two countries forged diplomatic ties in 1988, said Uruguayan Foreign Affairs minister Luis Almagro, a former ambassador to China from 2007-2009. Almagro made the statement as Chinese Vice-President Xi Jinping begun his official visit to Uruguay. 

The Uruguayan official revealed that the administration of President Jose Mujica would support an initiative for the regional Mercosur customs union to reach a trade agreement with China, “although complicated and has not yet been considered or proposed by any member, it would be very positive for both sides”

Uruguay considers Xi’s visit as one of the most important foreign policy events of the year that will help boost bilateral trade, investments and facilitate agreements on cultural and political issues, Almagro said, who revealed that President Mujica is scheduled to travel to China in 2012.

Economic relations between China and Uruguay have experienced a sustained expansion in the last few years, said Almagro pointing out that Chinese corporations have strong investments in the telecommunications and automobile sectors of Uruguay.(continue reading… )

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