Uruguay to export 4,000 tons of dairy products to ChinaChristian Fernsby ▼ | September 12, 2019
Uruguay will export 4,000 tons of dairy products to China under a trade agreement signed here, which was announced today by the Foreign Ministry.
LatAm Rodolfo Nin Novoa
Topics: Uruguay China dairy
Nin Novoa referred to the national signatory of the agreement, the Conaprole cooperative, whose President Alvaro Ambrois in turn described it as very important and representing 'a work of many years.'
Meanwhile, the executive of Yili Group, the leading Chinese dairy company, Zhang Jianqiu, visiting this capital for the signing of the document, valued the deepening of bilateral trade links and said that 'we have much to do in the future.'
In a press interview, Ambrois stressed that this agreement takes place in a context in which Brazil does not show the dynamism of former years to import Uruguayan dairy products.
In fact, from January-August the main destination for the cooperative's produce was Algeria, with a 34 percent share; followed by Russia (18%), Brazil (16%), Cuba (8%), and China (6%), according to customs data.
The agreement with Yili Group on 4,000 tons of exports at a price of just over $3,000 per ton will offer Conaprole income above $12 million.
Expert sources pointed out that tariffs placed by China on Uruguyan imports are an obstacle to be overcome in the future, since they are currently 12 percent for powdered milk and cheese. ■