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November 21, 2007

Uruguay, Vietnam Boost Economic Ties

HANOI, Vietnam — Vietnam and Uruguay signed an agreement Monday to boost economic cooperation during the first-ever visit to the Southeast Asian country by an Uruguayan president.
Uruguay's President Tabare Vazquez and his Vietnamese counterpart, Nguyen Minh Triet, also witnessed the signing of an agreement to exempt visas for holders of diplomatic and official passports.
The visit will help promote bilateral relations, Triet told reporters after meeting with Vazquez.
The visit "will surely bring cooperation between Vietnam and Uruguay to a new level of development," Triet said.

"Our political ties are very good, but bilateral economic, trade and investment cooperation remains modest," he said. Bilateral trade stood at $20 million last year.
Triet said Vietnam would send business delegations to Uruguay to explore business and investment opportunities.
Vazquez was scheduled to meet with Communist Party chief Nong Duc Manh and National Assembly chairman Nguyen Phu Trong later Monday.
He was also scheduled to address a business forum on Tuesday before wrapping up his two-day visit, the last leg of a regional tour that also took him to New Zealand and Malaysia.

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