RIO DE JANEIRO, BRAZIL - While Uruguay is moving forward on its own in its goal of reaching a Free Trade Agreement (FTA) with China, Mercosur is also on the move. And it does so at its own pace: zigzagging, slow steps, and under the influence of the interests of Argentina and Brazil.
The two main partners of the South American trading bloc, whose governments have opposite orientations, announced on Friday an agreement to reduce the Common External Tariff (TEC) by about 10% for goods imported from third countries.
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