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Uruguay strives to widen its economic cooperation with the UAE

posted on 01/05/2007: 597 views

Uruguayan President Tabare Vazquez expressed in Abu Dhabi yesterday his country's keenness to broaden the scope of economic cooperation with the UAE. "We look forward to widening the scope of cooperation with the UAE, particularly in the areas of trade, trade, technology and culture", said President Vazquez during a news conference.

The Uruguayan President arrived earlier in the day as part of a tour in the region. Although the UAE and Uruguay are geographically apart, he said, they have many things in common. "The UAE has enormous oil and gas resources. Similarly, Uruguay has lots of natural resources, notably agricultural, animal and water resources.

These resources could be exploited through economic cooperation to the best interest of the two peoples", he told reporters. He revealed that his country would explore the possibility of importing gas from the UAE, adding that Uruguay could serve as a gateway to the UAE's gas products to the Latin American countries, particularly to the Southern Common Market (Mercosur).

He said Uruguay would, sometime in the future, upgrade its representation in the UAE to ambassadorial level.

Asked on his country's endeavours to use alternative energy sources, the President said he had discussed the issue with President Khalifa and added that the Ministers of energy in the two countries would continue discussion on the topic. "We are keen to use alternative energy sources. As you may recall, Environmental Sustainability Index (ESI) put Uruguay third on the list of the world's most environmentally sustainable countries.

Countries are ranked based on e.g. pollution, natural resources and the ability to improve environmental policies over time", he said, adding that there was a room for technical cooperation with the UAE in this regard.

The Uruguayan President stressed the importance improving trade terms as per the Uruguay and Doha rounds to create opportunities for developing countries. "Any forecast into the future would show that there is an ominous population increase amid dwindling resources. That is why we insist on fair free trade terms", he said. He added: "Here in Arab countries, subterranean resources are in abundance. In other countries such as Uruguay, there are abundant surface resources too. Therefore we need to stage partnership to the benefit of our people", he said.

On Palestinian question, he said his country was a strong proponent of the peaceful settlement of the Arab-Israeli conflict. (Emirates News Agency, WAM)


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