<h6><strong>Eduardo González</strong></h6> <h4><strong>The President of the Government, Pedro Sánchez, participated this Tuesday in the opening session of the Spain-Uruguay Business Meeting, where he highlighted the potential of Spanish companies in sectors such as the energy transition, green hydrogen, transport and water infrastructure, and digitalization.</strong></h4> The meeting, held in Montevideo on the second leg of the President of the Government's tour of Latin America, brought together Spanish and Uruguayan companies with the aim of strengthening economic cooperation between the two countries and opening new avenues for public-private and inter-company collaboration to boost business opportunities and economic expansion in Uruguay. In his speech, Pedro Sánchez highlighted Spain's extensive presence in the American country, with more than 100 Spanish companies operating in its territory and more than $7.6 billion in cumulative investment, making Spain the largest investor in Uruguay. Spanish companies "are already present in many sectors and areas" of the Uruguayan economy and society, stated Sánchez, who highlighted the potential for collaboration between Spanish companies in areas such as the energy transition, green hydrogen, transport and water infrastructure, and digitalization. Pedro Sánchez also emphasized that Spanish companies invest in Uruguay alongside local businesses: "Our companies are not coming to displace, but to complement, to ally with, Uruguayan talent, generating employment, knowledge transfer, and prosperity." Previously, the President of the Government participated in a working breakfast with representatives of 17 Spanish companies present in Uruguay, including RENFE, BBVA, TYCSA, Santander, Mapfre, and Viscofan, as well as the President of the CEOE, Antonio Garamendi, and the President of the Spanish Chamber of Commerce, José Luis Bonet. At this meeting, he spoke with them about business opportunities in the country and stressed the importance of ratifying the European Union-Mercosur Agreement soon to boost trade and investment flows and the growth of economies on both sides of the Atlantic, where it would form the largest free trade area in the world, with more than 700 million inhabitants.
