Uruguay took a new step to advance trade relations with India

Published 2024년 9월 18일

Tridge summary

Uruguay and India have held a meeting to strengthen their bilateral relations, with a focus on trade and investments. The two countries, which already have a bilateral investment agreement in place, are looking to enhance it. The trade between Uruguay and India last year reached around 400 million dollars, with specific sectors like wool and honey being discussed. Uruguay has also succeeded in opening its beef and sheep meat market in Malaysia, meeting the country's food security needs. The Malaysian Deputy Prime Minister has expressed optimism about the potential of Uruguay's meat and dairy products in the Malaysian market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was stated to EFE by Uruguayan Vice-Chancellor Nicolás Albertoni, after speaking during a meeting held in Montevideo with Jaideep Mazumdar, Secretary of the East of the Ministry of Foreign Affairs of India. “It was a very positive meeting, which marks another link in the rapprochement between the two countries. We have enormous complementarity,” he stressed. In this regard, Albertoni recalled that Uruguay and India have a bilateral investment agreement and that they are currently in talks to give it “a new boost.” In addition, he emphasized that these two countries have a significant commercial flow. In fact, bilateral trade between the two last year was about 400 million dollars. On the other hand, the Vice-Minister of Foreign Affairs explained that tariff access is a conversation that is not on the table at this time, although he did point out that there were talks on health access. Meanwhile, he added that some specific sectors were discussed, including wool and honey. ...

Source: Agromeat