Uruguay and China sign a memorandum to increase investment and economic cooperation

Photo: Danilo Medina recibe cartas credenciales nuevos embajadores Rep煤blica Popular China, Panam谩, Uruguay, Pa铆ses Bajos, Chile, Ecuador e Israel By: Gobierno Danilo Medina. Source: Flickr.

The Uruguayan Ministry of Foreign Affairs has announced through a statement that Uruguay and China have signed a memorandum to increase investments and economic cooperation between the two countries, while parallel negotiations for a Free Trade Agreement (FTA) continue. The signing of this agreement took place during the official visit of Foreign Minister Francisco Bustillo to China, where he met with Vice President Hang Zheng, Foreign Minister Qin Gang, and China’s International Trade Representative Wang Shouwen.

With the signing of this memorandum of understanding, “a working group is established for investment and economic cooperation,” states the Ministry of Foreign Affairs’. The official statement adds, “In this first in-person meeting after the completion of the Joint Feasibility Study on a possible Free Trade Agreement, both parties agreed on the benefits that this agreement would bring. In this regard, they discussed different scenarios to continue progressing towards the realization of this instrument.”

Top headline:

Subrayado. (2023, 18 de abril). Uruguay y China firman memor谩ndum para aumentar la inversiones y cooperaci贸n econ贸mica.