Uruguay

03-Jul-2019 - Last updated on 03-Jul-2019 at 14:31 GMT

Uruguay stands to benefit from the agreed quotas on meat (99,000 tons made up of 55% fresh and 45% frozen), rice (60.000 tons) and honey (45,000 tons).

According to the Uruguayan Ministry of Foreign Affairs, the country’s meat sector could make between $40 and $70 million per year, depending on country distribution of quotas.

Within eight years, the proposed deal offers to remove tariffs on wine in five-liter containers for both EU and Mercosur parties.

The ministry sought to alleviate fears on the country’s domestic wine sector.

“[…] Uruguayan exporters will have access to European market under equal conditions as exporters from other wine-producing countries that already have commercial agreements. On the other hand, from a defensive point of view, and in the face of fears about the impact on European wines in our market, the times [of the entry into force] will be long enough to allow the sector to adapt,” it said.