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Uruguayan president meets visiting U.S. treasury secretary
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09:44, July 13, 2007

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Uruguayan President Tabare Vazquez on Thursday met with visiting U.S. Treasury Secretary Henry Paulson.

It was Paulson's first visit to the country since taking the helm of the Treasury a year ago and Vazquez said the meeting was "important."

Also on Thursday, Paulson met with his Uruguayan counterpart Danilo Astori and economy ministers from Mexico, Chile and Peru and attended a seminar on the role of banks in middle-income countries and also discussed how to absorb financing.

Paulson visited Brazil before his Uruguay trip and is scheduled to go to Chile this week.

The U.S. Treasury Department said earlier that Paulson is to discuss ideas on how to "spread opportunity, reduce poverty and build the middle class in the region and talk about what the United States is doing to help."

The United States announced last Friday that it will provide some financial backing to a 17.5-million-dollar three-year program aimed at increasing investment in infrastructure projects in Latin America and the Caribbean.

Although Uruguay's second largest export market, the United States does not have a free trade agreement with the Latin American country.

Uruguay's Foreign Minister Reinaldo Gargano said on Thursday that his country has difficulty in exporting meat and textiles to the U.S. market.

Source: Xinhua

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