Entry into force of the Uruguay-Mexico Free Trade Agreement: 2004.
The objectives of Mexico-Uruguay Free Trade Agreement are to:
Stimulate Foreign Trade growth among Mexico and Uruguay
Eliminate Technical Barriers to Trade (TBT) and facilitate the circulation of the export products and services among Mexico and Uruguay
Promote a fair competition in bilateral trade
Increase Foreign direct investment (FDI) opportunities
Protect and enforce the Intellectual Property Rights (IPR)
NOTE: The Mexico-Uruguay Free Trade Agreement is an exception since the MERCOSUR -
Argentina, Brazil, Paraguay, and Uruguay-, does not allow bilateral Trade Agreements between a member and a third party.
The Mexico-Uruguay Free Trade Agreement (FTA) covers:
Market access
Sanitary, Phytosanitary, and technical aspects of trade
Foreign Direct Investment (FDI)
Foreign Trade rules
IPR
International Trade in Services
Dispute resolution and settlement administration
Foreign Trade Mexico-Uruguay.
Since the entry into force of the Uruguay - United Mexican States Free Trade Agreement, the external trade between Mexico and the Oriental Republic
of Uruguay grew by 23%
Mexico was the tenth largest trading partner of Uruguay, and the four among the Hispanic American Markets (after Argentina, Brazil, and Venezuela) (share of 2%)
Mexico was the 16th
trading partner and the sixth at the regional level (share of 1.5%)
Mexican Foreign direct investment (FDI) in Uruguay: 200 million dollars
Uruguayan Foreign Direct Investment in Mexico: 100 million dollars