Vice President Raul Sendic stated that Uruguay should seek opportunities in Africa to make up for declining exports to traditional trading partners such as Venezuela and Russia.
“Africa is a huge continent with more than 1.2 billion people that are very much in need of food and we should look there for opportunities to replace some of the markets that have reduce their purchases due to their difficulties, as in the case of Venezuela or Russia,” Sendic told reporters in Montevideo.
The vice president made the remarks following a speech by Foreign Minister Rodolfo Nin Novoa at an event organized by the South African Embassy in Montevideo and the Uruguay-Africa Chamber of Commerce.
Sendic said Uruguay has already established trade relations with oil-producing African countries such as Angola and Congo and is exploring the opportunities of exchanging food for petroleum.
Uruguay can offer Africa rice, beef, dairy products and soy, he said.
Date: May 31, 2016