The Minister of External Relations, Luiz Alberto Figueiredo Machado, will visit the Oriental Republic of Uruguay on October 21, 2013. In Montevideo, he will hold a meeting with the Foreign Minister of Uruguay, Luis Almagro, and will be received by the President of the Republic, José Mujica.
The Minister Luiz Alberto Figueiredo Machado and the Uruguayan Foreign Minister will address the main themes on the bilateral and regional agenda, with particular attention to issues relating to MERCOSUR and UNASUR.
Relations between Brazil and Uruguay were given new impetus as of July 2012, with the establishment of the Brazil-Uruguay High Level Group (GAN), which has developed initiatives on free movement of goods and services, free movement of people, transportation infrastructure, productive integration, communications, and science and technology. Under the GAN, the two countries signed, in 2012, the Protocol on Free Movement of Goods, a strengthened commitment to trade facilitation. In early November, a High-level Meeting will be held to discuss border issues.
Brazil is the main market for Uruguayan products. Bilateral trade grew by 324% between 2003 and 2012, from US $ 943 million to over US$ 4 billion. Uruguay is the second largest investor in Brazil among the countries of South America and concentrates the second largest stock of Brazilian investment in the region.