U.S., Uruguay continue to advance trade relations
U.S. Trade Representative Susan Schwab met Sept. 23 with Uruguayan Foreign Minister Gonzalo Fernandez in New York to further work on the U.S.-Uruguayan Trade and Investment Framework Agreement (TIFA).
“This agreement has proven to be an efficient instrument in setting concrete initiatives on specific trade and investment matters,” Fernandez said in a statement. “We look forward to continue working hard to enhance opportunities for both countries in the context of the TIFA.”
Schwab and Fernandez agreed to convene another meeting of the Trade and Investment Council by November.
The U.S.-Uruguay commercial relationship has developed significantly in the past several years. In 2002, Uruguay and United States created a Joint Commission on Trade and Investment to exchange ideas on a variety of economic issues. The countries signed the TIFA on Jan. 25, 2007.