RIYADH, 25 August — Saudi Arabia and Uruguay have signed a general agreement on cooperation that allows them to strengthen relations in commerce, science, agriculture and sports.
This was disclosed by Uruguay’s Ambassador Jose Luis Bruno on the occasion of his country’s Independence Day today.
"Both countries are seeking to upgrade their economic relations to higher levels. The Kingdom and Uruguay have consolidated their customs duties for Uruguayan products like livestock, beef, mutton, citrus, fish, rice, dairy products, garlic and honey," he said.
With this, Uruguay joins countries in Southeast Asia and Africa that have been allowed to export meat and dairy products to the Kingdom following the ban on import of poultry and dairy products from European Union countries. No figures on bilateral trade were available with the embassy.
Referring to the agreement, the ambassador said "Uruguay feels honored to participate in this historic event, because it is the first one signed by Saudi Arabia and Uruguay in more than half a century of friendly political and diplomatic relations." He said Uruguay was the first Latin American country and the third after Japan and Australia worldwide to sign such an agreement.
"The country has informed the director general of the World Trade Organization that they had concluded their market access negotiations in the context of the accession of the Kingdom to the WTO providing for rights for products negotiated with Uruguay. The importance that Uruguay attaches to the agreement in order to maintain the present trade relations and to further improve them is an example of the strong relations between the two countries," the ambassador added.
