Uruguayan President Luis Lacalle Pou Wednesday announced negotiations with China to reach a bilateral free trade agreement are to begin, after technical teams from the two countries found it feasible, it was reported in Montevideo.
China is said to be upping its military preparations while US Senator Rick Scott is visiting Taiwan, which Beijing considers to be a rogue province. These actions by the United States seriously violated the One China principle, Chinese Defense Ministry Spokesman Wu Qian said Friday.
China's Foreign Minister Wang Yi Thursday told his Argentine counterpart, Santiago Cafiero, that the Asian giant favored the South American country's joining BRICS. Wang made those statements in Bali, Indonesia, on the sidelines of the G20 ministerial meeting.
Last Tuesday, 11 tons of squid were found in a Chinese flagged vessel that was captured by the Uruguayan Navy, after a chase that took place between Sunday night and early Monday morning.
The Uruguayan navy arrested Monday dawn a Chinese flagged jigger caught illegally fishing in the country's EEZ. The arrest was done following a night chase as the jigger tried to escape despite having first accepted a party of inspectors to board the vessel.
China has launched its third aircraft carrier and the first to feature a catapult aircraft launch system. The ship designed and built in China was christened as “Fujian” named after the Chinese province opposite Taiwan, according to state-run news agency Xinhua. According to Defense News, “Fujian” was launched at the Shanghai shipyard where it had undergone construction since 2018.
Following a virtual meeting Tuesday, dignitaries of all five BRICS nations (Brazil, Russia, India, China, and South Africa) have pledged to deepen financial and customs cooperation.
As Chinese authorities are beginning to announce a gradual easing of the harsh measures imposed as per the country's zero-COVID policy, one episode in Beijing has resulted in additional restrictions, it was reported.
Uruguayan President Luis Lacalle Pou said in an interview with the BBC that in case or reaching a Free Trade Agreement with China, it would not generate dependence, because in his country politics and economics were separate issues.
Plunging demand for soy oil in China is expected to cut consumption of the oilseed in the world’s biggest user as lockdowns to prevent the spread of COVID have shuttered restaurants and canteens, according to traders and analysts. China is the world’s top consumer of edible oils, with millions of restaurants guzzling about half of the country’s roughly 17 million tons of soy oil, made from crushing soybeans.