Deputy United States Trade Representative Peter F. Allgeier states recently signed BIT with Uruguay will raise investor confidence and lower the perceived country risk.
Uruguay and the United States signed a bilateral trade agreement Monday to safeguard foreign business investments in each other’s countries while promoting trade and exports.
The Minister of the Economy, Isaac Alfie, and the US Trade Representative Robert Zoellick, concluded a Bilateral Investment Agreement without disclosing its contents to either the Uruguayan members of parliament or to the Uruguayan society as a whole.
The U.S. Trade Representative’s office said Tuesday it had begun talks with Uruguay on a treaty to expand investment ties.
Negotiations on a free trade agreement between the European Union (EU) and the Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) have entered their decisive stage.