Economy & Business - December 2025

URUGUAY | Uruguay advances in joining CPTPP. Foreign Minister Mario Lubetkin announced on 23 November that the countries that make up the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have, without objections, accepted the start of negotiations for Uruguay to join the bloc. Lubetkin stated that a “difficult stage of work” would now begin. He stressed the economic potential of the bloc, which is comprised of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the UK, and Vietnam, saying together the countries accounted for 15% of global GDP and a population of over 595m people, making it one of the biggest free trade areas in the world. President Yamandú Orsi celebrated the decision and congratulated the officials working towards Uruguay joining the CPTPP. The news will likely generate tensions within the Mercosur regional trade bloc, of which Uruguay is a member along with Argentina, Brazil, Paraguay, and Bolivia, as it forbids members from pursuing trade deals unilaterally.

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