Uruguayan President Luis Lacalle Pou, who has long pushed for an agreement with China to boost exports of key products such as beef, revealed late on Tuesday that China had made a "formal proposal" to push forward the process.
If successful, Uruguay would join neighboring Chile and Peru in signing free trade agreements with China. Lacalle Pou said that Uruguay would conduct a formal study regarding the proposed trade deal with China to be presented by the end of the year.
China is already Uruguay's main trading partner, buying some 30% of its exports, including 56% of its meat, Uruguay's main export.
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