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Latin American Economy & Business - April 2017 (ISSN 1741-7430)

Uruguay Getting closer with China

It may seem improbable – a free trade agreement (FTA) between giant China (the world’s second largest economy with a population of 1.38bn people) and Uruguay (ranked 77th by GDP with a population of just under 3.5m). But officially, at least, discussions seem to be moving forward. Uruguay’s President Tabaré Vázquez, who visited China in October last year, says that the plan remains to finalise a bilateral FTA by the end of 2018. There are still a number of obstacles facing the deal, however.

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