Uruguayan President Luis Lacalle Pou and four ministers finished a state visit to China last week. During the meetings, the two governments signed over 20 deals on the Belt and Road Initiative, trade, and investment.

At the Economic and Trade Ministers' Meetings of the Gulf Cooperation Council (GCC) countries and China held last week, hopes were renewed for the conclusion of a trade agreement.

China and Serbia signed a free trade agreement (FTA) this week, as the bilateral trade between the two has risen in recent years. Serbia's possible accession to the European Union, however, puts the future of the FTA in question.

Today, China and Nicaragua signed a free trade agreement after four rounds of negotiations that took place over the past year. The agreement has 22 chapters, including four chapters on services trade and investment.

As part of Honduran President Xiomara Castro's China trip this week, the two governments announced that they are ready for trade negotiations. China also gave a green light to some Honduran agricultural products so they can be sold in China.

As a FTA negotiation officially launched.

A Peruvian trade official stated that Peru and China will resume trade talks to upgrade their bilateral trade agreement soon, while Uruguay plans to expand exports to China with potential trade talks.