China willing to negotiate FTAs with Uruguay, other South American countries

Updated 2018-01-25 23:53:03 Xinhua

Chinese Foreign Minister Wang Yi said Wednesday in the Uruguayan capital of Montevideo that China is willing to negotiate step by step free trade agreements with Uruguay and other countries in South America.

Free trade between countries is in line with globalization, which helps preserve a multilateral trading system and promote economic growth for all parties, Wang said when meeting the press together with his Uruguayan counterpart Rodolfo Nin Novoa.

China, as a promoter of multilateral trade, continues to abide by its strategy of opening up to the world, Wang said, adding China's trade approach features win-win cooperation and the country expects to share its development opportunities with other countries through free-trade networks.

Free trade agreements will pave the way for Uruguay and other Latin American countries to enter the Chinese market, something China welcomes and believes is in the long-term interests of all parties involved, Wang said.

China and Uruguay can become good partners in the process of co-building the Belt and Road Initiative, which will help Uruguay become a regional logistics and transportation hub and contribute to their common development and prosperity, according to the Chinese diplomat.

Nin Novoa, for his part, said Uruguay will increase trade cooperation and sign a free trade agreement with China, Uruguay's biggest trade partner. The people of Uruguay admire Chinese culture and long to increase people-to-people exchanges with China.

Historically, Latin America was a natural extension of the ancient Silk Road trade routes, Nin Novoa said, noting that Uruguay supported the Belt and Road Initiative from the very start.

The two foreign ministers also signed an agreement on the issuance of ten-year business visas and attended a reception for the 30th anniversary of the establishment of bilateral relations.

Uruguayan President Tabare Vazquez said Wednesday meeting with the Chinese foreign minister that his country "strongly hopes" to push for a free trade agreement with China and is willing to actively take part in the Belt and Road Initiative.

"The bilateral ties between Uruguay and China are now at a historical high" after 30 years of diplomatic ties, said Vazquez.

Uruguay "strongly hopes" to push for a free trade agreement with China, said the president, adding that it is ready to use its geographical advantage and serve as a key juncture for the Belt and Road Initiative's advance in the south Atlantic.

After attending the second ministerial meeting for China and the Community of Latin American and Caribbean States (CELAC) Forum in Chile, Wang paid a visit to Uruguay to celebrate the 30th anniversary of the establishment of diplomatic ties.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 18 2018 14:43:39

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 18 2018 14:43:39

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 18 2018 14:43:39

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords