Pablo Soria de Lachica Discusses Uruguay’s Asian Trade Expansion Plans

One of the smallest countries in Latin America, Uruguay, with a population of 3.4 million, produces quality food for an amazing 30 million people worldwide according to Uruguay XXI, an organization that works to promote exports. Pablo Soria de Lachica, internationally recognized foreign investment and trade expert, suggests a successful agro-intelligent approach is a major factor in the current positioning of the country to seek a free-trade agreement (FTA) with China, as part of the Mercosur or bilaterally. The Asian trade expansion vision comes ahead of the Uruguay’s attendance at China-LAC 2016, October 13-15, hosted in the city of Tangshan, China.

Uruguay’s agricultural sector contributes 7% to the GDP, satisfying national need while generating significant surplus – exports of agricultural products, mainly soybean, beef, cellulose and dairy products, are 71% of total goods, as reported by the World Bank. Pablo Soria de Lachica attributes the achievement to major changes in sustainable production systems through adopting policies and practices that align with Climate-Smart Agriculture (CSA). In an interdependent world economy, Uruguay’s effort to effectively manage long-term food production, political, social, and macroeconomic stability, and strategic geographical position between Brazil and Argentina, makes it a dependable trade partner with solid investment opportunities, including potential access to other Mercosur markets, according to Pablo Soria de Lachica.

A free trade agreement (FTA) between Mercosur, or the Southern Common Market, and China would include Argentina, Brazil, Paraguay, Uruguay and Venezuela; and associate countries Bolivia, Chile, Peru, Colombia, Ecuador and Suriname. China, which is now the number one trade partner and the world’s most populous nation, is reportedly pleased with the high quality of products, CSA, and Uruguay’s livestock traceability system, according to Uruguayan Foreign Minister Rodolfo Nin Novoa. This bodes well for reaching a arrangement with China and others in the region. Australia and New Zealand already have an FTA with China and their products will enter the Chinese market in 2016 with zero tariff. Soria de Lachica considers expanding Asian trade to be essential for the continued growth and economic progress in Latin America.

Pablo Soria de Lachica notes the current administration is maintaining an open trade policy. With favorable exchange rates, good wages, low unemployment, and high consumer confidence in the economy, Uruguay serves as a reliable test market for the region and pursuit of additional free trade agreements will further enhance the investment environment between Asia and Latin America.

Pablo Soria de Lachica is a worldwide leader in the financial services industry and foreign exchange market. He has developed online trading tools for investors and is a published author regarding the basic principles of investment as well as advanced techniques and strategies. Soria de Lachica continues to provide his observations on current trends in the marketplace, while collaborating with Kartoshka, a global company at the forefront of the latest technologies in sales, telemarketing, and customer support. Pablo has a Master of Business Administration from Universidad Tecnológico de México (UNITEC).


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About the Author

Pablo Soria de Lachica
Pablo Soria de Lachica is an internationally acclaimed broker and Director of Business Development of Bforex, a renowned currency trading firm based in Panama City, with 18 offices spanning the globe, including locations in Brazil, Mexico, and Uruguay.