Arbeleche seeks to attract more investments from China

Arbeleche seeks to attract more investments from China

November 24, 2023 – 18:39

The Minister of Economy and Finance highlighted the “reciprocal trust” with the Asian giant after the official mission.

The Minister of Economy and Finance, Azucena Arbeleche, assured that the official government mission that led to the signing of a strategic alliance with China “It is a very good opportunity to attract more investment to our country.”

The owner of the MEF highlighted in dialogue with the Chinese channel CGTN that there is “reciprocal trust” between the Asian giant and Uruguay, after the signing of the agreement that will allow it to “go deeper into different aspects, such as the commercial area”, with the expectation that the negotiations will converge in the signing of a FTA (TLC).

Arbeleche He valued that “over the course of these 35 years, ties have deepened in all aspects” between the two countries and maintained that “the concept that has been worked on and has been very present in this state visit is trust. reciprocal between both peoples.”

For the leader, this situation “allows today to continue advancing in this relationship and delving into different aspects, such as the commercial area, where we see the most changes.”

Arbeleche highlighted the opportunities for the future

By highlighting the commercial partnership between both countries, Arbeleche specified that Uruguay It went from “exporting some products to having a very large variety, from selling goods for 100 million dollars to about 4.5 billion” and highlighted: “It constitutes the first export market for Uruguayan products.”

The leader stated that “there are many opportunities that have not yet been developed in terms of investment” and stated: “We believe that it is a very good opportunity for this to continue to deepen and to attract more investment from China towards our country.”

During the official mission, Arbeleche spoke at a meeting before businessmen and investors of the China Chamber of Commerce, where he highlighted the country’s incentives for foreign investments and emphasized the environmental policy carried out by the government.

In trying to attract investments, he highlighted the indicators that position Uruguay at the global and regional forefront, while highlighting the general macroeconomic characteristics of the country and the current economic policies that encourage investment. foreign investment.

Source: Ambito

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