Doing Business in Uruguay (Course, Master)

EENI Business School & HA University

Syllabus of the Online 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 foreign trade
  5. Export and import formalities
  6. Foreign Direct Investment (FDI) in Uruguay
  7. Key Uruguayan Sectors:
    1. Industry
    2. Food products
    3. Information and communication technology
    4. Tourism
    5. Financial services
  8. Case Study:
    1. Eastern Forest
    2. Cristalpet
  9. Access to the Uruguayan Market
  10. Business Plan for Uruguay

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

  1. To analyse the Uruguayan economy and foreign trade
  2. To know the business opportunities in the Oriental Republic of Uruguay
  3. To explore Uruguayan trade relations with the student's country
  4. To know Uruguay Free Trade Agreements
  5. To examine the profile of Uruguayan Companies
  6. To develop a business plan for the Uruguayan Market

The eLearning Subject “Doing Business in Uruguay” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Masters: International Business, Foreign Trade, America
  2. Doctorates: Business in America, Global Trade
  3. Course: Business in South America

The course materials are available in Master in International Business in English (or Study Master Doctorate Business in Spanish Uruguay Masters Foreign Trade in Portuguese Uruguai Study, Master in International Business in French Uruguay)

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

Example of the Online Subject - Doing Business in Uruguay:
Uruguay Import Procedures

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Description of the Online Subject: Doing Business in Uruguay

  1. The Oriental Republic of Uruguay is a gateway and 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: 176,215 square kilometres
  11. Capital: Montevideo
  12. Uruguayan currency is the peso (UYU)
  13. The official language 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 Latin American Economic Area of Western-Christian Civilisation

Uruguayan Economy (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 economic growth (3.5%)
  3. Uruguayan services sector (financial, logistics and transport, and communications) has grown considerably in recent years
  4. We must emphasise the significant information technology (IT) growth, including 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 influence area of almost 200 million people, with the highest gross domestic product per capita in Latin America.

Foreign 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 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 foreign direct investment (FDI) 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

Mexico-Uruguay Free Trade Agreement (Course Master)

Uruguay: Organisations and Free Trade Agreements (FTA).

  2. The Oriental Republic of Uruguay has bilateral Free Trade Agreements with Mexico, European Union, India, and the Gulf Cooperation Council (GCC)
  3. Latin American Integration Association (ALADI)
  4. Union of South American Nations (UNASUR)

Samples - Business in Uruguay

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Course: Doing Business in Uruguay

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