For Immediate Release: August 27, 2013
Contact: Lorri Crowley (202) 482-3809
Obama Trade Official Signs Trade Facilitation Agreement with Uruguay
Under Secretary Francisco Sánchez Meets with President José Mujica, Agreement will Strengthen Trade Relations
MONTEVIDEO, Uruguay – Under Secretary of Commerce for International Trade Francisco Sánchez, concluded his South American visit today in Montevideo, where he strengthened the U.S. – Uruguayan trade relationship by signing a trade facilitation Memorandum of Understanding (MOU) with Uruguay’s Economy Minister Fernando Lorenzo, Customs Director Enrique Canon, and Ambassador Julissa Reynoso at the Uruguay Trade Facilitation Workshop.
“The United States and Uruguay have a strong and growing relationship,” Sánchez said. “The MOU signed today envisions an on-going, long-term partnership to collaborate on trade facilitation issues. In today’s world, where supply chains are highly segmented, goods need to flow in a timely and secure manner. When that does not happen, companies lose money, goods lose worth, and consumers lose cost-effective choices.”
The MOU highlights the joint U.S. Government-Government of Uruguay cooperation in support of the development of a public-private working group in Uruguay and technical training for the purpose of trade facilitation capacity building. Uruguay is an important strategic trading partner for the United States in South America, and is the only non-FTA country included in the Pathways to Prosperity (Pathways) Customs Modernization and Border Management program.
The Uruguay Trade Facilitation workshop is part of the Pathways program that the International Trade Administration has led throughout the region.
While in Uruguay, Sánchez met with Uruguay’s president, José Mujica to discuss continuing the expanding and strengthening of the bilateral economic and commercial relationship between the two countries. He also participated in a roundtable discussion with U.S. and Uruguayan business leaders at a luncheon hosted by the American Chamber of Commerce in Montevideo.
In 2012, U.S.-Uruguay total trade amounted to $1.7 billion. In 2012, U.S. goods exports to Uruguay totaled $1.4 billion. Principal U.S. exports to Uruguay include chemicals, computers and electronics, machinery, and transportation equipment.
International Trade Administration
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