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The Uruguayan Government plans the second stage of the negotiation with the UPM paper mill

The Council of Ministers of Uruguay, headed by the president, Tabaré Vázquez, met today in an extraordinary session at the presidential residence of Suarez and Reyes to begin plan the second stage of negotiation with the Finnish paper mill UPM, informed official sources.

Montevideo, Nov 9 (EFE) .- The Uruguayan Council of Ministers, headed by the President, Tabaré Vázquez, met today in an extraordinary session at the presidential residence of Suárez and Reyes to start planning the second stage of negotiation with the Finnish paper mill UPM, informed official sources.

The Executive maintained "a work meeting" in which They evaluated the steps to be taken after the first agreement between the company and the Government was signed for the possible installation of UPM's second pulp mill in Uruguay (the third This type in the South American country), sources told the press, although no member of the Cabinet made statements.

Vazquez told the press on Wednesday that the firm The agreement is "a huge step" for Uruguay as it constitutes an advance towards the installation of the second UPM plant.

The president highlighted that the first stage took about 500 days of negotiations carried out with "a lot of firmness, loyalty and respect" and considered that the second will be "key" for the investment to be made concrete.

"Now we are going to start a second stage that to be successful as the first one is going to be the key point for the start of the works to install the plant, "said Vázquez.

Last Tuesday Uruguay completed the first stage of Negotiations with the company, which took 17 months.

If the investment is completed, as explained by government sources in that instance, will be around 4,000 million dollars by the company and its partners or suppliers.

Meanwhile, the Uruguayan government must provide $ 1 billion for projects related to infrastructure.

In addition, It stipulates that the South American country would increase its Gross Domestic Product by more than two percentage points and increase its exports by around one billion dollars annually.

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