The union signed a memorandum of understanding with Arab trade representatives at the Foreign Ministry.
The Union of Exporters of Uruguay (UEU) signed a memorandum of understanding with the Federation of Saudi Arabian Chambers of Businesswhich represents an important step in the intentions of the Uruguay to deepen its participation in the Arab market.
This Monday, at the headquarters of the Ministry of Foreign Affairs (MRREE), the president of the Uruguayan union, Facundo Marquezsigned the agreement between both parties within the framework of the first meeting of the bilateral Joint Committee.
The UEU celebrated the agreement through its social networks and clarified that the Joint Business Council was formed as a result of it, with the aim of “providing assistance to Saudi and Uruguayan companies” as well as “maintaining regular and effective communication, with the aim of stimulating bilateral trade and investment flows from both parties.”
In February, the CEO of the Center for Studies of Economic and Social Reality (Ceres), Ignacio Munyonoted that Saudi Arabia was “a large market” that presented “great complementarities with the Uruguay“.
Munyo went further and explained that Uruguay could begin to establish a relationship with Saudi Arabia similar to the one it forged with China, where he understands that “we did not sell them anything at all and it was the private entrepreneurs who settled in China and began to trade,” until today becoming the main commercial partner for the country.
Bilateral meetings with Saudi trade representatives
In the morning, the Saudi delegation, headed by the Deputy Minister of Environment, Water and Agriculture of Saudi Arabia, Ahmed Saleh Aiadh Al Khamshi and the Saudi ambassador in Uruguay, Eyad bin Ghazi Hakeemwas received by the Foreign Minister Omar Paganiniwhere the inaugural meetings of the bilateral Joint Commission took place.
Within the framework of the same, the hierarch of the Kingdom of Saudi Arabia He also spoke with the vice-chancellor Nicolas Albertoni. In turn, the Undersecretary of the Ministry of Foreign Affairs participated in the signing of the memorandum of understanding. Ministry of Livestock, Agriculture and Fisheries (MGAP), Juan Ignacio Buffaand Adriana Lupinaccithe director of the International Affairs Unit (UAI) of the MGAP.
Source: Ambito
