Carolina Pimentel
Reporter - Agencia Brasil

Brasilia – The governments of Brazil and Uruguay signed this Thursday (16) cooperation agreements in the area of energy. Documents were signed during the visit of President Tabaré Vasquez, and, according to Lula, have the objective to guarantee energy supply to Uruguay.

The two countries also signed agreements to really implement an agreement signed in 2002, which authorizes citizens of one country to live on the other. The objective of this agreement is to legalize the situation of many Brazilian and Uruguayans living irregularly in the other country.

During the ceremony, Lula mentioned the improvement of the relationship between the two countries, such as the increase of Uruguayan exports to Brazil, and of Brazilian investments in the neighbor country. Petrobrás announced it will invest US$80 million this year in Uruguay, and the National Bank of Economic and Social Development (BNDES) evaluates the possibility of financing Brazilian participation in improvements at the Nova Palmira port.

President Lula affirmed he has determined the conclusion of the studies for the reform of a bridge (Barão de Mauá), which connects the Brazilian municipality of Jaguarão to the Uruguayan Rio Branco, in addition to the construction of a second bridge over the Jaguarão river, in the Brazilian Southern state of Rio Grande do Sul. "All these initiatives mean new opportunities for Brazilian entrepreneurs to invest in the neighbor country," said Lula, who added that a seminar about investments opportunities in Uruguay is scheduled to take place in September, in São Paulo.

Translation: Andréa Alves