EENI Global Business School.

Doing Business in Uruguay

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Syllabus of the Subject: Foreign Trade and Business in Uruguay - Montevideo.

  1. Introduction to the Oriental Republic of Uruguay (South America);
  2. Uruguayan Economy;
  3. Doing Business in Montevideo;
  4. Uruguayan International Trade
    1. Export and import formalities.
  5. Foreign Direct Investment in Uruguay;
  6. Key Uruguayan Sectors:
    1. Industry;
    2. Food products;
    3. Information and communication technology;
    4. Tourism;
    5. Financial services.
  7. Case Study:
    1. Eastern Forest;
    2. Cristalpet.
  8. Access to the Uruguayan Market;
  9. Business Plan for Uruguay.

The aims of the subject “Foreign Trade and Business in the Oriental Republic of Uruguay” are the following:

  1. To analyze the Uruguayan Economy and Global Trade;
  2. To know the business opportunities in the Oriental Republic of Uruguay;
  3. To explore the Uruguayan trade relations with the country of the student;
  4. To know the Uruguayan Trade Agreements;
  5. To examine the profile of Uruguayan Companies;
  6. To develop a business plan for the Uruguayan Market.

Online Diploma: Trade and Business in South America

Global Trade and Business in Uruguay:
Uruguay Import Procedures

Online Student (Master International Business Foreign Trade)

The Subject “Foreign Trade and Business in Uruguay” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate: American Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English (or Study Master Doctorate in International Business in Spanish Uruguay Masters Foreign Trade in Portuguese Uruguai Study, Course Master Doctorate in International Business in French Uruguay).

  1. Credits of the subject “Foreign Trade and Business in Uruguay”: 1 ECTS Credits;
  2. Duration: one week.

International Trade and Business in Uruguay.

Market Access - Free Trade Agreements. Online Education (Courses, Masters, Doctorate)

Uruguayan Preferential Access and Free Trade Agreements.

  1. Uruguay and the Latin American Economic Area;
    1. MERCOSUR Free Trade Agreements: Andean Community, Mexico, Peru, Chile, India, Egypt, Israel, European Union, Southern African Customs Union (SACU).
  3. Mexico-Uruguay Free Trade Agreement;
  4. Uruguay-Gulf Cooperation Council (GCC) Free Trade Agreement;
  5. Andean Community (associate member);
  6. ALADI;
  7. UNASUR;
  8. SELA;
  9. Protocol Relating to Trade Negotiations Among Developing Countries (PTN);
  10. Global System of Trade Preferences among Developing Countries (GSTP) - accession process;
  11. Central American Integration System (SICA) (observer country).

MERCOSUR (Brazil, Argentina, Uruguay, Paraguay) Common External Tariff

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

Online Education (Courses, Masters, Doctorate): Latin American Economic Integration

American Trade and Economic Organizations:

  1. ECLAC;
  2. East Asia-Latin America Cooperation;
  3. Summit South American-Arab Countries;
  4. Inter-American Development Bank (IDB);
  5. OAS;
  6. Africa-South America Summit;
  7. Community of Latin American and Caribbean States (CELAC)
    1. EU-CELAC Summit.

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Economic Organizations:

  1. UN
    1. UNCTAD;
    2. ITC;
    3. WIPO.
  2. WB;
  3. IMF;
  4. Community of Portuguese Speaking Countries (observer country).

Union of South American Nations (UNASUR) Argentina, Brazil, Bolivia, Colombia, Chile, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela

The Oriental Republic of Uruguay

  1. Uruguay is a gateway and the geographical centre of the MERCOSUR (295 million people);
  2. Uruguay is the political and financial centre of South America;
  3. The Headquarters of the MERCOSUR and the Latin American Integration Association (ALADI) are in Montevideo;
  4. Uruguay has a long political and economic stability;
  5. According to “The Economist,” Uruguay is considered as the most democratic Latin American Economy;
  6. Uruguay has an established a political party system and is the first country in Latin America, along with Chile, with the less Corruption Perceptions Index (“Transparency International”);
  7. According to the United Nations Development Programme, Uruguay is the third country in Latin America (after Argentina and Chile), with the highest Human Development Index; 98% of the Uruguayan population has access to drinking water and electricity;
  8. Borders of Uruguay: Brazil and Argentina;
  9. Uruguayan Population: 3.3 million people;
  10. Area of Uruguay: 176,215 square kilometers;
  11. Capital of Uruguay: Montevideo;
  12. Uruguayan currency is the peso (UYU);
  13. The official language of Uruguay is Spanish;
  14. Uruguay is administratively divided into nineteen departments;
  15. Abolition of Slavery in Uruguay: 1842;
  16. African Diaspora in Uruguay: 0.1 million people (4% of the Uruguayan population).

The main religion in Uruguay is Christianity (2.3 million Catholics).

Uruguay belongs to the Latin American Economic area of the Western Civilization.

Online Education (Courses, Masters, Doctorate): Christianity and Global Business (Catholicism, Protestantism)

Uruguayan Economy (Doctorate, Master, Course)

Uruguayan Economy

  1. The economic activity has augmented considerably within a context marked by the inflation under control and public sector accounts in line with the objectives of the Government of the Oriental Republic of Uruguay;
  2. Twelve years of the economic growth (3.5%);
  3. The Uruguayan services sector (financial, logistics and transport, and communications) has grown considerably in the recent years;
  4. We must emphasize the significant information technology (IT) growth, including the software development and related services;
  5. Manufacturing growth (opening of a pulp mill);
  6. Uruguayan currency: Peso (UYU). Flexible exchange rate.

Montevideo, the capital of Uruguay, is geographically the main Maritime cargo route of the MERCOSUR, the integration axis with Argentina, Brazil, and Paraguay to be within the influence area of almost 200 million people, with the highest gross domestic product per capita in Latin America.

Mexico-Uruguay Free Trade Agreement

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

International Trade of Uruguay.

  1. Uruguay is the largest software exporter per capita in Latin America and third in absolute terms;
  2. Uruguay is eminently an agricultural export economy;
  3. Uruguayan exports rose 2.5%, and imports saw a drop of 8.6%, which led to a positive net external balance;
  4. The largest Uruguayan export product is soy (67 million dollars), accounting for 21% of the exports from Uruguay;
  5. The Oriental Republic of Uruguay has diversified its exports destination;
  6. Main Uruguayan export destinations are the Free Zone of Nueva Palmira, Brazil (15%), Russia (7%), and Argentina (7%);
  7. Brazil is the second-largest export destination, the main exported products barley malt (17.6%) and whole milk powder (11.5%);
  8. Uruguayan private sector has grown at a sustained speed;
  9. Foreign direct investment (FDI) reached a historical record.

Uruguayan Free Zones.

  1. The promotion and development of free zones to the foreign direct investment encouragement, exports, employment, and international economic integration have been declared of national interest by law;
  2. There are now free zones in Colonia, Nueva Palmira, Montevideo, Florida, Rivera, Black River, New Helvetia, and Freedom.

Peru-MERCOSUR (Argentina, Brazil, Uruguay, Paraguay) Free Trade Agreement (FTA)

Egypt-MERCOSUR (Argentina, Brazil, Uruguay, Paraguay) Free Trade Agreement (FTA)

European Union-MERCOSUR (Argentina, Brazil, Uruguay, Paraguay) Free Trade Agreement (FTA)

Mexico-MERCOSUR (Argentina, Brazil, Uruguay, Paraguay) Free Trade Agreement

India-MERCOSUR Preferential Trade Agreement (PTA)

Andean Community (Bolivia, Colombia, Ecuador and Peru)-MERCOSUR (Argentina, Brazil, Uruguay, Paraguay) Free Trade Agreement (FTA)

(c) EENI Global Business School (1995-2023)
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