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U.S. Ambassador to the OAS John Maisto completes visit to Uruguay

The FTAA continues to be president Bush's main objective

Posted: March 15, 2005 PRESS CONFERENCE (in Spanish)    

Ambassador John Maisto speaking at press conference in Montevideo, March 14, 2005. (U.S. Embassy photo by Vince Alongi)John Maisto, U.S. Ambassador to the Organization of American States (OAS), arrived yesterday in Montevideo to meet with authorities of the newly elected government of Uruguay and discuss various issues regarding the upcoming Summit of the Americas scheduled for November 4 and 5 in Argentina.

In a press conference, Ambassador Maisto stated that his meetings with President Tabare Vazquez, the Minister of Finance Danilo Astori, and External Affairs Minister Reinaldo Gargano, were very productive and that the new government's perspectives on the issue of reviving the economies of the region through policies that would attract foreign and national investments are consistent with the theme of this year's OAS General Assembly in Fort Lauderdale.

In his statement, Maisto emphasized the need to reduce poverty and the high rate of unemployment in the region. Governments "should not suffocate the economy", instead they should attract private investment by "seducing it". Small and medium-sized enterprises (SME) generate over 60 % of the total number of jobs. By creating an environment that will attract private investment, governments can stimulate the growth of SME's and generate more jobs. Through good governance, effective anti-corruption measures, respect for the rule of law, good education, health, and basic infrastructure, governments can promote private sector-led growth to create jobs and reduce poverty.

The Free Trade Area of the Americas (FTAA) continues to be a priority for the Bush administration. Maisto added that the United States and Brazil are committed to this process in the region, and that the negotiations are very positive.

 

President Tabare Vazquez, right, speaking with Ambassador Maisto and U.S. Charge D'Affaires James Williard. (U.S. Embassy photo by Vince Alongi)
President Tabare Vazquez, right, speaking with Ambassador Maisto and U.S. Charge D'Affaires James Williard.

Ambassador Maisto, accompanied by the U.S. Embassy's Economic and Political officer Oliver Griffith, left, during a meeting with Minister Reinaldo Gargano, right middle. (U.S. Embassy photo by Vince Alongi)
Ambassador Maisto, accompanied by the U.S. Embassy's Economic and Political officer Oliver Griffith, left,
during a meeting with Minister Reinaldo Gargano, right middle.

Ambassador Maisto meeting with Finance Minister Danilo Astori. (U.S. Embassy photo by Vince Alongi)
Ambassador Maisto meeting with Minister Danilo Astori


 

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