Canada’s Minister of International Trade Helps Grow Business Opportunities in Uruguay
December 15, 2017
Canada is committed to fostering and strengthening its growing ties with our Latin American partners and creating real opportunities for Canadian businesses looking to grow and expand beyond our border. Today, Canada’s Minister of International Trade, the Honourable François-Philippe Champagne witnessed the signing of two Memoranda of Understanding (MOU) between the Canadian Commercial Corporation (CCC) and the Uruguayan Ministry of Interior, and Uruguayan Ministry of National Defense.The MOUs will explore using a government-to-government contracting mechanism for transactions in defence and security related equipment and/or services. The non-binding agreements cover a large spectrum of potential transactions and open the door to eventual contracts for Canadian exporters.Martin Zablocki, President and CEO of the Canadian Commercial Corporation, signed the MOUs on behalf of the Canadian Commercial Corporation.
- Bilateral merchandise trade between Canada and Uruguay totaled $245.05 million in 2016.
- Canadian exports reached $150.64 million and were comprised of mainly crude oil, potassium chloride, and machinery.
- The Canadian Commercial Corporation is the Government of Canada’s international government-to-government contracting organization, helping governments around the world acquire goods and services available for export from Canada.
“There are tremendous opportunities to expand our commercial relations with Uruguay and help create more jobs and economic growth for both our countries. Today’s signing will help unlock this untapped potential in our commercial ties by opening the door for Canadian businesses wanting to bring their expertise to this emerging and like-minded market.”The Honourable François-Philippe Champagne, Minister of International Trade“The signing of today’s agreements is the first step in being able to help Canadian exporters provide goods and services to Uruguay on a government-to-government basis. CCC is pleased to be working with the Government of Uruguay as they look to acquire world-class Canadian solutions and to strengthen Canada and Uruguay’s bilateral trade relationship.”Martin Zablocki, President and CEO, Canadian Commercial Corporation
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