Uruguay will send a trade mission to New York in order to "broaden and deepen" its presence in the U.S. market with companies exporting food and services, the director of the export and investment promotion institute Uruguay XXI, Antonio Carámbula, told Efe today.
"The idea is to expand the market and, above all, in some cases of these companies, which are already installed and already have a business presence, the goal is to deepen the markets," remarked the executive.
He also reiterated that "in recent years, the United States has come to have a strong position in terms of goods, especially in agri-foods and services, being the main destination for the production of global services".
The delegation will participate in meetings with local counterparts between April 24 and 26 and will be composed of 10 Uruguayan companies exporting food, Information and Communication Technologies (ICT) and architectural and engineering services.
Carámbula stressed the "great support" given by the Consulate of Uruguay in New York to this initiative, which is the fourth consecutive year it has been carried out.
In this regard, he highlighted a networking meeting that will take place at the Uruguayan Consulate with American businessmen, in addition to the contribution of an American company that will coordinate the business agendas between the Uruguayan delegation and local companies "potential partners".
The United States is the main destination for ICT exports from Uruguay, with 41% of the total, according to the latest survey conducted by the Uruguayan Chamber of Information Technology (Cuti).
"In recent times, it has become the most dynamic sectors of the country's economy, and practically 41% of what we export to the world is exported to the United States, which is our main buyer," he said.
Regarding food exports, the U.S. is the third destination of Uruguayan exports of goods, after China and Brazil, with 6% or 7% of total exports.
"In this first half of 2017, if we compare it with the first half of 2016, we had a growth of 25%. We are talking about a figure somewhat lower than 100 million dollars but for the Uruguayan scale is an important figure, "he explained.
"Undoubtedly, the fact that our food products are considered, from the point of view of food safety, especially for the image that has the traceability of meat, helps a lot to enter a market as demanding as the U.S. market," added Carámbula.
Source: Montevideo Portal
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