Uruguay expressed increased criticism of Mercosur during a summit of the South American customs union, highlighting trade barriers affecting its exports to Argentina and the bloc’s regulations hindering a free trade agreement with China.
Foreign Minister Francisco Bustillo, speaking at the LXII Ordinary Meeting of the Mercosur Common Market Council in Puerto Iguazú, Argentina, emphasized the lack of progress in negotiations with the European Union, China, and Singapore, among others.
Bustillo stated that while Uruguay prefers to negotiate alongside Argentina, Brazil, and Paraguay, it cannot accept immobility.
Bustillo also suggested the possibility of Uruguay reconsidering its status as a founding member of Mercosur, potentially becoming an associate member.
This change would offer greater flexibility to negotiate bilateral trade agreements independently.
President Luis Lacalle Pou will likely discuss Uruguay’s future in Mercosur during his meeting with the presidents of Brazil, Argentina, and Paraguay. The summit occurs amidst internal tensions exacerbated by Argentina’s economic crisis.
The discussions at the summit reflect Uruguay’s concerns about the progress of negotiations within Mercosur and its desire to explore new trade opportunities outside the bloc.
The country aims to address trade barriers, pursue agreements with global partners, and ensure its economic interests are effectively represented in international trade negotiations.