Trade Expansion

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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…