Subject (Course): International Trade and Doing Business in Uruguay -
- Introduction to the Oriental Republic of Uruguay (South
- Uruguayan Economy.
- Doing Business in Montevideo
- Uruguayan foreign trade
- Export and import formalities.
- Foreign Direct Investment (FDI).
- Key sectors:
- Food products
- Information and communication technology
- Financial services
- Case Study:
- Eastern Forest.
- Introduction to Spanish
- Access to the Uruguayan Market
- Business Plan for Uruguay
Aims of the subject “Foreign Trade and Doing Business in the Oriental Republic of Uruguay”:
- To analyse the Uruguayan economy and foreign trade
- To evaluate business opportunities in the Oriental Republic of Uruguay
- To explore Uruguay's trade relations with the student's country
- To know Uruguay's Free Trade Agreements
- To examine the profile of Uruguayan Companies
- To develop a business plan for the Uruguayan Market
Sample of the subject - Foreign Trade and Doing Business in Uruguay:
Subject Description (Doing Business in Uruguay):
- The Oriental Republic of Uruguay is a gateway and the geographical
centre of the MERCOSUR (295 millions of people).
- Uruguay is the political and financial centre of South America.
- The Headquarters of the MERCOSUR and the Latin American Integration Association (ALADI) are in Montevideo.
- Uruguay has a long political and economic stability
- According to “The Economist,” the Uruguay is considered the most democratic Latin American economy.
- Uruguay has an established political party system and is the first country in Latin America, along with Chile, with the less
Corruption Perceptions Index (“Transparency
- 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.
- Frontiers of Uruguay: Brazil
- Uruguayan Population is 3.3 millions of people.
- Area: 176,215 square kilometres
- Capital: Montevideo
- The Uruguayan currency is the peso (UYU)
- The official language is Spanish
- Uruguay is administratively divided into nineteen departments.
- The main religion in Uruguay is the Christianity (2.3 million Catholics).
- Uruguay belongs to the Latin American Economic Area of the Western Christian Civilisation
- Abolition of slavery in Uruguay:
- African Diaspora in Uruguay: 0.1 millions of people (4% of the Uruguayan population)
- The economic activity has augmented considerably within a context marked by
inflation under control and public sector accounts in line with the objectives of the Government of the Oriental Republic of Uruguay.
- Twelve years of economic growth (3.5%)
- The services sector (financial, logistics and transport, and communications) has grown considerably in recent years.
- We must emphasise the significant growth of the information technology (IT), including software development and related services.
- The growth in manufacturing (opening of a pulp mill)
- Uruguay's currency is the Peso (UYU). Flexible exchange rate
Montevideo, the capital of Uruguay, is geographically the main route of the maritime cargo of the MERCOSUR, the axis of integration with Argentina, Brazil, and Paraguay to be within the area of influence of almost 200 millions of people, with the highest gross domestic product per capita in Latin America.
Foreign Trade of Uruguay.
- Uruguay is the largest exporter of software per capita in Latin America and third in absolute terms.
- Uruguay is eminently an agricultural export economy
- Uruguayan exports rose 2.5%, and imports saw a drop of 8.6%, which
led to a positive net external balance compared to 2009.
- Major Uruguayan export product is soy (67 million dollars), accounting for 21% of exports from Uruguay.
- The Oriental Republic of Uruguay has diversified its exports destination.
- The main destinations of exports from Uruguay are the Free Zone of Nueva Palmira, Brazil (15%), Russia (7%), and Argentina (7%).
- Brazil is the second-largest export destination being the main products exported barley malt (17.6%) and whole milk powder (11.5%).
- Uruguayan private sector has grown at a sustained speed.
- Foreign direct investment (FDI) reached a historical record.
Uruguayan Free Zones.
- Promotion and development of free zones to encourage foreign direct investment (FDI), exports, employment, and international
economic integration have been declared of national interest by law.
- There are now free zones in Colonia, Nueva
Palmira, Montevideo, Florida, Rivera, Black River, New Helvetia, and Freedom
Uruguay's Organisations and Free Trade Agreements (FTA).
- Southern Common Market (MERCOSUR)
- The Oriental Republic of Uruguay has bilateral Free Trade Agreements with Mexico, the European Union, India, and the Gulf Cooperation Council (GCC)
- Latin American Integration Association (ALADI)
- Union of South American Nations (UNASUR)
❮ Samples - Business in Uruguay ❯