Mercosur will sign a state-of-the-art agreement with Singapore | News
The member states of the Southern Common Market (Mercosur) jointly communicated this Wednesday about the completion of negotiations for the signing of a state-of-the-art agreement with Singapore, which transcends trade issues and other disciplines, being the first understanding with a country of the Southeast Asian.
Uruguayan President ratifies willingness to advance in FTA with China
During the sixtieth Summit of foreign ministers and presidents that takes place in the Paraguayan city of Luque, Mercosur celebrated the agreement with Singapore, a net importer of food.
In this sense, the Deputy Minister of Economic Relations and Integration of the Paraguayan Foreign Ministry, Raúl Cano Ricciardi, pointed out that the agreement will enhance diplomatic collaboration in areas such as trade, gender, public works, dispute resolution, technical cooperation, training for micro, small and medium enterprises, among other aspects.
Thus, the decisions were part of the deliberations of the Common Market Council (CMC), made up of the foreign ministers of the member countries and the Macroeconomic Monitoring Group (GMM), in which officials from the Ministries of Economy and central banks.
It is worth mentioning that the economic agenda of the first day of the meeting was dominated by the consensus reached by the member countries to lower the Common External Tariff (CET) and by the announcement of the signing of an agreement with Singapore.
#NOW | At the CMC meeting it was announced that in the PPT of #Paraguay ���� It was agreed to reduce the Common External Tariff by 10%, respecting the sensitivities of the States Parties and seeking a balance between competitiveness and the protection of our productive sectors. pic.twitter.com/w10qHEzEhV
– Ministry of Foreign Affairs (@mreparaguay)
July 20, 2022
Likewise, another of the issues examined was the differences between Uruguay and the rest of the countries of the bloc, after the initiative of President Luis Lacalle Pou to start negotiations individually to reach a trade agreement with China.