Uruguay eyes 11th China-LAC Business Summit 'strategic opportunity'

Updated 2017-03-29 11:01:15 Xinhua

The 11th China-Latin America and the Caribbean Business Summit will be held in Punta del Este, Uruguay, from Nov. 30-Dec. 2, it was announced on Tuesday.

At a press conference, Uruguay's Foreign Minister Rodolfo Nin Novoa said that the business summit is “a strategic opportunity.”

According to Nin Novoa, representatives from 500 companies will participate in the summit.

Uruguay's Vice-President Raul Sendic pointed out that Uruguay has a “privileged geographic position in the Americas, but we have not yet obtained enough investment in infrastructure that would allow us to make full use of it.”

He said that he sees “a huge opportunity in sectors such as ports, highways, railways and airports.”

Nin Novoa emphasized that China has now been Uruguay's main trading partner.

Uruguay and China share a high degree of economic “complementarity,” which determines the “economic and social dimension” of their current bilateral ties, he said.

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