• Submitted by: Camila
• Business and Economy
• 03 / 06 / 2015

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The Vice President of Uruguay, Raul Sendic, said today that the leaders of this country and Cuba, Tabaré Vázquez and Raul Castro, respectively, pledged to consider installing in Uruguay a factory for production of powdered milk that would be exported to the Caribbean island.

The two leaders met on Monday in the Uruguayan capital along with members of ministerial cabinets of their countries in a meeting which stressed the "importance and necessity" to deepen bilateral trade relations and promote investment "mutual or joint".

"They import about 150 million of milk powder brought from New Zealand and could be suppliers of milk powder in Cuba," said today Sendic reporters, minutes before starting a session in the Senate, which also he is president.

He said Vazquez and Castro agreed to analyze "shortly, with a deadline of 60 days," the installation of this plant, which would have joint investment in both countries. Also in yesterday's meeting were reviewed several issues concerning the possibilities of Uruguayan investments in the island.

"There is an investment plan that they are opening and could lead to several companies to participate in different areas," said Vice President, who added that the Cuban delegation left the Uruguayan material "on studies and analyzes for investment projects in Cuba ". "We are going to distribute between business here," he said.

Source: Martí