Photo credit: Uruguay by Vince Alongi
On September 20, 2011, Mexican President Felipe Calderon published Strategic Association Agreement between Mexico and Uruguay.
The scope of this Agreement covers the following:
- Establishes mechanisms for political, cultural, economic and social cooperation and discussion.
- Reinforces the current free trade agreement executed on November 15, 2003 (ACE 60).
- Repeals the Bi-party commission established on October 9, 1990 and replace it with Association Council, presided by Ministry of Foreign Affairs of both countries.
- Funds US$500,000 for mutual cooperation in technical and scientific areas.
This Agreement help traders and manufacturers to take advantage from the free trade agreement and try to land business in both countries.