The Minister of Livestock, Agriculture and Fisheries highlighted that, if the bill is approved, it would imply “preferential access for many products.”
He Minister of Livestock, Agriculture and Fisheries, Fernando Mattos, assured that the possible FTA with USA “It would be shocking for the Uruguayan economy by echoing a project presented in the Parliament of that country by Republican and Democratic legislators.
Mattos He referred to the government’s strategy in dialogue with Channel 4 and warned that it seeks to “fight for all the markets,” ensuring that both this agreement and the possible FTA with China.
“It has been the government’s strategy to advance in providing better access opportunities and trying to pay less duty, because not only does it increase trade, but also the investment”, the leader highlighted.
The head of the MGAP highlighted that the pilot plan of USA “should be a source of pride for the Uruguay, because among several countries it chooses one that, due to its low population characteristic, would have a low impact as a way of testing.”
“The FTA would be extended North America, the former Nafta and today Umsca, which includes Mexico and Canada. That is incorporating what some countries in Central America they have, placing them in a condition of preferential access to many products,” Mattos assessed.
The benefits of the law presented in the United States
The project Law of the Americas (Americas Act) entered this week in both chambers of the Parliament American, with the endorsement of Democratic and Republican legislators. Because it is a “pilot case”, Uruguay would benefit before the rest of the countries involved from Latin America with the unilateral reduction of duty for production.
Another key point would be the incorporation into the visas as an investor, an aspect long requested by the government, which would make it easier for national entrepreneurs to develop businesses in USA.
In turn, the icing on the cake would arrive in 2026, when the initiative contemplates adding Latin American countries to the FTA with North America, with the aim of counteracting the influence of China in the region.
Source: Ambito
