This was reported yesterday by Antonio Carámbula, executive director of the investment and export promotion institute Uruguay XXI, who said that with this mission our country aims to export software and services to China and attract more investment.
"China today is one of the world's leading investment issuing countries, and we hope that this good moment of relations between the two countries will help to bring more investment to the country," Carámbula told local radio station Radio Uruguay.
An official report from the Uruguayan Chamber of Information Technology (CUTI) detailed that the mission's agenda will last until 6 February and includes trips to the cities of Shenzhen and Beijing and visits to the Asian country's technology giants such as Huawei, Tencent, DJI and Baidu.
During President Tabaré Vázquez's visit to China in 2016, "a strategic partnership agreement (between the two countries) was signed that is bearing fruit", said Carámbula, who added that "more and more Chinese businessmen and authorities" are visiting the country.
Regarding the possible trade agreement between the European Union (EU) and Mercosur, Carámbula said that although it could not be concluded before the end of last year, "a lot of progress has been made".
Carámbula said that this is not a Free Trade Agreement (FTA) but a "managed trade" agreement and said that it is very important for Uruguay.
"Uruguay is classified as an upper middle-income country and this means that we have lost some tariff preferences to enter the European market, so it is key to make progress in trade agreements," he said.
Carámbula added that Uruguayan products must be made "competitive in terms of prices" and that trade agreements are very important for this because "it is a way of defending national production and the work of Uruguayans".
Source: El País
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