Uruguay, reportedly sees the exit of NZ as an opportunity to increase shipments of dairy and beef breeding stock to China. This despite the fact that they have a steadily expanding global meat market without attracting the risks (to producers and the animals).
Uruguay believe they can manage animal welfare risks when a country like New Zealand, with a very high welfare reputation cannot. Not only that but apparently, Uruguay can ensure that live ex ships dont sink where NZ couldn't. In reference to the sinking of Gulf Livestock 1, Agriculture Minister Carlos Maria Uriarte apparently asserted “We need to take all the necessary precautions and be zealous about the welfare of the animals involved in this activity so these types of accidents don’t happen.”