CARACAS: The government of Uruguay confirmed it would export 235,000 tons of food to Venezuela in exchange for oil, in the context of an agreement signed between both nations as an alternative to settle the debt of Uruguayan state-owned oil company Ancap and to stock the Venezuelan food market.
According to a report of the Uruguayan Presidency, the food volume was negotiated in a recent “public-private” travel of representatives of the Uruguayan business sector and the Venezuelan Executive Office. The agreement provides for imports of “90,000 tons of rice, 44,000 tons of powdered milk, 9,000 tons of chicken, 12,000 tons of cheese, and 80,000 tons of soy,” Efe highlighted.
The Uruguayan Minister of Foreign Affairs, Rodolfo Nin Novoa, explained on Thursday at the Senate the reach of the commercial lending agreement with Venezuela, which he described as “a good solution.”
