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Latin America | 6 October, 2009 [ 12:13 ]

Uruguay preparing FTA with Peru


LivinginPeru.com
Isabel Guerra

Uruguay hopes to start the talks and negotiations for setting a Free Trade Agreement (FTA) with Peru in 2010, which would come into effect from 2011, said Uruguay's Minister of Planning and Budget, Martin Dibarboure.

"Both countries have been approaching recently, and we have already signed a memorandum of understanding to advance on this path towards a trade agreement," he said.

He also added that both nations would negotiate a bilateral FTA under the framework of the Latin American Integration Association (ALADI), which would be an extension of the ECA No. 8, which was signed by the two countries in the 80's.

It is worth noting that Uruguay could not achieve the necessary parliamentary majority to sign an FTA with the US or any other countries.

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2 Comments

# Oliver says :
6 October, 2009 [ 13:20 ]

This is good news. we should be owning these countries.

# Carlos Benavides123@yahoo.ca says :
24 October, 2009 [ 05:01 ]

This is excellent news Peru & Uruguay being trade partners.usa no longer owns Peru or  South America. Peru &  All South American Countries can now have all the Fair Trading Partners they  want . Peru already has  FTA with China, Russia, Brazil etc. 
I am proud to be Peruvian.

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