Uruguay pledged efforts to seek a stronger relationship with Beijing since “China is an essential factor in the international development of Uruguay”, said Vice-President Danilo Astori following an hour long meeting in Beijing with his counterpart Wu Bangguo, president of the National Assembly.
Uruguay whose credit rating was cut to junk in 2002, expects to return to investment grade within two years, central bank President Mario Bergara said. “We are confident that in one or two years we will have investment grade again,” Bergara said at an investors’ conference in New York Monday.
Uruguay’s wool clip is forecasted to drop 20% in 2010/11 because of a fall in the number of sheep and extreme weather conditions that will represent a loss of almost a kilo of wool per head, according to Alvaro Fossati, president of a sheep farmers association.
The number of tourists visiting Uruguay during the first half of the year over the same period in 2009, increased 5.5% totalling 1.266.898, while revenue jumped 18.7% in US dollars (878.6 million USD), according to the latest numbers released by the Ministry of Tourism.
Sales of real estate in Uruguay’s internationally renowned resort Punta del Este and its area of influence reached almost 1.5 billion US dollars between January first 2009 and the first half of 2010, according to the Tourist Office from the County of Maldonado.
Uruguayan Vice-president Danilo Astori and a delegation of sixty businessmen are en route to China for a week long visit to strengthen bilateral relations and further promote trade and investments.
Uruguay reached this month a tax information exchange agreement with India thus totalling the twelve demanded by the Organization for Economic and Development Cooperation to have the country de-listed from the group that still have to abide and implement internationally agreed tax standards.
Spanish fishing vessel owners have warned Uruguayan port authorities that they are considering leaving the port of Montevideo because of the costly labour disputes with crew members when the vessels dock, taking advantage of a very ‘misbalanced’ legislation.
Uruguayans eat an average of 58.2 kilos of beef which makes them the world’s leading consumers per capita, per annum according to the country’s president of the National Meats Institute, INAC, Alfredo Fratti.
Physical integration particularly in energy and access to the sea were two of the main issues addressed by the presidents of Paraguay, Uruguay and Bolivia, (Fernando Lugo, Jose Mujica and Evo Morales), during their Sunday meeting in Asunción in the framework of Urupabol, the regional group which brings together the three countries.