Sisi and Vasquez discuss trade during first-ever visit to Egypt by Uruguayan president

Ahram Online , Wednesday 31 May 2017

Egyptian President Abdel-Fattah El-Sisi(L) and President Tabare Vazquez (R) (Photo: Official presidential spokesman Facebook page)

Egyptian President Abdel-Fattah El-Sisi held talks with Uruguay's President Tabare Vazquez in Cairo on Wednesday where they discussed boosting ties and trade between the two countries, a statement from El-Sisi's office said.

Vazquez's visit to the Egyptian capital is the first by a Uruguayan president since the start of diplomatic relations between the two countries in 1932.

The two leaders said they aim to bolster trade between the two countries, with a focus on food and agricultural products.

El-Sisi and Vasquez said that a free trade agreement signed by Egypt with the South American trade bloc Mercosur in 2010, which should come into effect "soon," will "bolster economic ties" and "promote trade exchange" between the Egypt and the bloc's member countries.

Earlier this month, Argentina's parliament ratified the agreement, completing the endorsement of the four Mercosur countries; Uruguay, Brazil, Argentina and Paraguay.

Trade between Mercosur bloc members and Egypt amounted to $3 billion in 2016.

Mercosur is a sub-regional bloc that promotes free trade and the free movement of goods, people, and currency between member countries.

El-Sisi and Vasquez also discussed international efforts to resolve regional challenges as well as Egypt's anti-terrorism efforts.

Vazquez has invited El-Sisi to visit his country.

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