The Minister of Industry, Energy and Mining, Carolina Cosse, will head a mission to China on 31 January in order to promote cooperation in the Information and Communication Technologies (ICT) sector between the two countries through trade and investment.
This was announced today by Antonio Carámbula, executive director of the investment and export promotion institute Uruguay XXI, who said that the South American country aims with this mission to export software and services to China and to attract 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 said on 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 official 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.
The two countries are making good progress and are on the verge of signing an administered trade agreement.
In this regard, Carámbula said that "there is a will" and that "it is important to move forward by reaching an agreement and from there to move forward and expand to reach other agreements".
This managed trade agreement is important for Uruguay because "it has had important growth and development", said Carámbula, who highlighted the "confidence that the country generates" with respect to the technology it invests in and the tax benefits for foreigners.
The director of Uruguay XXI emphasised the problem of prices and tariffs, given that Uruguay is well positioned in terms of market entry in terms of sanitary issues, but products must be made competitive from the point of view of price.
"It is a way of defending national production and the work of Uruguayans," he said.
Source: Montevideo Portal
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