Business in Uruguay, Montevideo

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Syllabus of the Subject: Foreign Trade and Business in Uruguay - Montevideo (Course, Master).

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

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

To analyse the Uruguayan economy and foreign trade
To know the business opportunities in the Oriental Republic of Uruguay
To explore the Uruguayan trade relations with the country of the student
To know the Uruguayan Free Trade Agreements
To examine the profile of Uruguayan Companies
To develop a business plan for the Uruguayan Market

The Subject “Doing Business in Uruguay” is part of the following Online Higher Education Programs taught by EENI:

Masters: Business in America, International Business, Foreign Trade
Doctorates: American Business, Global Trade
Diploma: Business in South America

Online Student (Master International Business)

The course materials are available in (or Uruguay Uruguai Uruguay)

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

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

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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries

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Description of the Subject: Doing Business in Uruguay

The Oriental Republic of Uruguay is a gateway and the geographical centre of the MERCOSUR (295 million 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,” Uruguay is considered as the most democratic Latin American Economy
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”)
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
Borders of Uruguay: Brazil and Argentina
Uruguayan Population: 3.3 million people
Area of Uruguay: 176,215 square kilometres
Capital of Uruguay: Montevideo
Uruguayan currency is the peso (UYU)
The official language of Uruguay is Spanish
Uruguay is administratively divided into nineteen departments
Abolition of Slavery in Uruguay: 1842
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 Civilisation

Uruguayan Economy (Master, Course)

Uruguayan Economy

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
Twelve years of the economic growth (3.5%)
The Uruguayan services sector (financial, logistics and transport, and communications) has grown considerably in the recent years
We must emphasise the significant information technology (IT) growth, including the software development and related services
Manufacturing growth (opening of a pulp mill)
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.

Foreign Trade of Uruguay.

Uruguay is the largest software exporter 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
The largest Uruguayan export product is soy (67 million dollars), accounting for 21% of the exports from Uruguay
The Oriental Republic of Uruguay has diversified its exports destination
Main Uruguayan export destinations are the Free Zone of Nueva Palmira, Brazil (15%), Russia (7%), and Argentina (7%)
Brazil is the second-largest export destination, the main exported products 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.

The promotion and development of free zones to the foreign direct investment (FDI) encouragement, 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

Mexico-Uruguay Free Trade Agreement (Course Master)