The chancellor Omar Paganini considered as “very positive” the integration project presented in the Parliament of USA, which can lead to Uruguay joins a FTA (FTA) regional with the North American country.
The initiative, presented by legislators republicans and democrats of both chambers, “it will take time and different instances,” he anticipated Paganini, although he stressed that the country “is considered a simple case, a pilot case to advance faster than other countries”, within the framework of “the strong relationship” between both nations.
The Minister of Foreign Affairs indicated at a press conference that the project constitutes “one more step” in the rapprochement that his country “has been seeking for some time” with USA and described as “auspicious” the fact that senators and representatives of both parties present the Law of the Americas (Americas Act).
What does the project imply for Uruguay?
Firstly, being “a pilot case”, Uruguay could, just like Ecuador, benefit before the unilateral reduction of duty for production that drives the standard in the first stage.
If the law were approved, the country would also be incorporated into the visas of investor. “They are visas for Uruguayan businessmen who want to develop businesses in USA and that also facilitate the possibility of receiving investments or doing business with that country,” Paganini explained.
Likewise, for 2026, it contemplates a stage that the chancellor described as “more complex.” It is that, to counteract the influence of China in Latin America, The rule provides that Latin America joins the Free Trade Agreement between the US, Mexico and Canada (Usmca).
Meanwhile, the government claims to have fulfilled a good part of its duties. “Many of the things we have to do we already have ready. Uruguay It is a very sustainable country, with a stable legal framework, with full democracy, with the rule of law, with respect for contracts, which means that in many aspects we are very good,” Paganini highlighted, while putting points in the must such as intellectual property.
For the leader, the country should take the opportunity to place all its products in the North American market, although he prioritized meat. “We have a quota that is limited and that we would like to expand,” he said.
Source: Ambito
