Mercosur and China return to the negotiating table with the FTA in mind

Mercosur and China return to the negotiating table with the FTA in mind

The Vice Chancellor, Nicolas Albertoni, heads the country’s delegation, while the Chinese Vice Minister of Foreign Affairs, Hua Chunyingin addition to authorities of Argentina, Brazil and Paraguaythe other members of the Mercosur.

“A new instance of this dialogue was precisely one of the main priorities defined by Uruguay for its period as Pro Tempore Presidency of the Mercosurwhich began on July 8,” the Foreign Ministry said.

He was the president, Luis Lacalle Pou, who proposed resuming this mechanism, which had been in disuse since November 2018, upon returning from his diplomatic tour in China Last year and at the request of his Chinese father, Xi JinpingThe strategy was welcomed by the current Argentine government given the little progress made regarding the agreement with the European Union (EU).

“Obviously for the Mercosur It is more complex to reach an agreement with China that for Uruguayalone we are much more complementary. But I hope that this issue can move forward,” said the foreign minister a month ago. Omar Paganini on expectations for the return of trade dialogue.

However, he assured that Uruguay is legally authorized to negotiate on its own, especially after the Mercosur has not taken steps to be a customs union. But the Executive recognizes that the intention of China is to maintain good relations with Argentina and Brazil and, therefore, prefers to advance as much as possible in a regional agreement.

Source: Ambito

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