Category: Uruguay 🇺🇾

Uruguayan foreign minister meets with Chinese authorities to promote trade agreement

Uruguay’s Foreign Minister, Francisco Bustillo, is scheduled to travel to China next week for a series of meetings with Chinese authorities aimed at initiating negotiations for a Free Trade Agreement (FTA). Bustillo will hold discussions with Chinese Foreign Minister Qin Gang and Wang Shouwen, the Vice Minister of Commerce and Deputy Representative for International Trade Negotiations of China.

Chinese billionaire Jack Ma considers investing in Uruguay’s meat sector

The founder of Alibaba, Jack Ma, made a three-day private visit to the Solís Meatpacking Plant in Lavalleja, Uruguay, according to business sources confirmed by El Observador. Although he did not engage with national authorities, a commercial secretary from the Chinese embassy in Uruguay reportedly accompanied the billionaire.

Uruguayan Senator requests report on China-Uruguay FTA feasibility study

On August 24, Uruguayan Foreign Minister Francisco Bustillo announced that, at the request of Chinese officials, the feasibility report for the FTA between China and Uruguay will be confidential.

Uruguayan cattle, a success in China

China has become the main importer of Uruguayan beef. Now, there are plans to import live cattle from Uruguay to China, in order to crossbreed Uruguayan cattle with Wagyu cattle from China.

China willing to negotiate with the entire Mercosur bloc

Meanwhile, Beijing, which has begun negotiations on a free trade agreement with Uruguay, is willing to cooperate with Mercosur as a whole, confirmed Cai Wei, director general for the Chinese Foreign Ministry’s Latin American and Caribbean Affairs, in Montevideo.

Illegal Fishing in Uruguay

The difference between ilegal and Unregulated fishing is evident in the controversy surrounding the fishing vessel Lu Rong Yuan Yu 606 of Chinese origin, recently captured in Uruguayan waters, and whose illegality could not be concluded due to language difficulties.

The squid game: Uruguayan Navy pursues and captures Chinese jigging boat

Illegal, unreported and unregulated fishing is considered the sixth largest illicit economy in the world. In some cases, such as Mexico, it can represent up to 50% of the fishing demand. Uruguay was subject to this issue, which led to the arrest of the vessel Lu Rong Yuan Yu 606, after a chase that took place on July 4.

Chinese Foreign Ministry head to visit Uruguay in the middle of a tour of the continent

The Director General of the Department of Latin America and the Caribbean of the Chinese Ministry of Foreign Affairs, Cai Wei, has been in constant contact with the Latin American and Caribbean region since early last year with a particular interest in Uruguay.

China, the main market for Uruguayan beef in 2022

According to the database of the National Meat Institute (INAC), it was reported that China continues to be the main market for Uruguayan meat exports, maintaining its position of recent years.

China: the main buyer of Uruguayan beef

Over the years, the records of the exchange of goods and services between Uruguay and the People’s Republic of China (PRC) have shown a positive balance of trade. Beef accounted for the largest share.

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