Mercosur deal rejection would have 'enormous consequences' for Europe, says Uruguay minister

Uruguay's Foreign Minister Mario Lubetkin issued a stark warning regarding the potential ramifications for Europe if the European Union fails to ratify the Mercosur trade agreement. "For Europe, the consequences would be enormous, because we will continue with other countries," Lubetkin stated in an interview with Euronews.

“

For Europe, the consequences would be enormous, because we will continue with other countries.

Lubetkin confirmed that the agreement is finalized from the Mercosur bloc's perspective and represents a significant qualitative shift for all parties involved. He indicated that if the EU does not proceed, Mercosur will actively seek alternative partnerships. When pressed about potential partners, he explicitly mentioned China as a primary counterparty for most Latin American nations, noting its importance for Uruguay's trade and investment.

“

China is the most important counterparty for most countries in the region.

During Uruguay's upcoming six-month presidency of Mercosur, the minister outlined ambitious goals to finalize agreements with Canada, the United Arab Emirates, and India. "Nobody waits for anyone," he asserted, expressing confidence that European partners will understand Mercosur's need to move forward. He stressed that Mercosur is a "real power" representing over 400 million people and cannot afford to wait for the EU.

“

Nobody waits for anyone.

Addressing Uruguay's relationship with the United States, Lubetkin described it as good, while also acknowledging China's significant role. He stated that Uruguay maintains strong ties with both superpowers without working against either. "We do not work with China against the United States. We work with China, with the United States, and with the European Union," he clarified. Lubetkin concluded by highlighting a broad regional consensus to deepen ties, transcending political ideologies, as all South American nations recognize their mutual interdependence.

“

We do not work with China against the United States. We work with China, with the United States, and with the European Union.