UK-Uruguay Trade Dialogue statement
Officials from the United Kingdom and the Oriental Republic of Uruguay met in London for the second meeting of the Trade Dialogue
Officials from the United Kingdom and the Oriental Republic of Uruguay met in London for the second meeting of the Trade Dialogue on 19th March 2024. The dialogue continued its work to enhance trade and investment, support sustainable development, and promote the exchange of knowledge and experiences. At the meeting, officials reflected on the progress made since the last dialogue. Both countries highlighted new investments, increased trade flows and the successes of recent UK-Uruguay cooperation, particularly on Patents and Intellectual Property. Market access areas of mutual interest were discussed, with the aim of continually improving the environment for an efficient, secure and transparent flow of goods and services, in both directions.
The delegations welcomed the signing of the Memorandum of Understanding on audiovisual production and committed to promoting an action plan on health, within the framework of the Memorandum of Understanding that was signed in March 2024. Additionally, the United Kingdom and Uruguay signed a Patent Prosecution Highway Memorandum of Understanding, an initiative that offers companies a mechanism to accelerate their patent applications when the corresponding examination work has already been carried out by another intellectual property office.
Uruguay presented new bilateral investment and cooperation opportunities in a range of sectors, with a focus on clean renewable energy and the low-carbon economy.
Both governments reaffirmed their commitment to continue working on the issues discussed and to take the necessary steps to facilitate an increase in trade and investment flows, for the benefit of both nations.