EENI Global Business School

Business in Uruguay, Montevideo, MERCOSUR



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Syllabus of the Subject

Uruguay: the political centre of South America (ALADI, MERCOSUR) Financial Services

  1. Introduction to Uruguay (South America)
  2. Uruguayan Economy
  3. Business in Montevideo
  4. Uruguayan International Trade
    1. Export and import formalities
  5. 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

Uruguayan Economy


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

  1. To analyze the Uruguayan Economy and Global Trade
  2. To know the business opportunities in 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 Student (Master International Business Foreign Trade)

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

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Doctorate: World Trade.

Doctorate in International Business (DIB) Online

Languages: Masters, Doctorate, International Business, English (or Study Master Doctorate in International Business in Spanish Uruguay Masters Foreign Trade in Portuguese Uruguai Study Doctorate in International Business in French Uruguay).

  1. Credits of the subject “Doing Business in Uruguay”: 1 ECTS Credits
  2. Duration: one week

Foreign Trade and Business in South America

International Trade and Business in Uruguay.

Market Access - Free Trade Agreements

Uruguayan Preferential Access and Agreements.

  1. Uruguay and the Hispanic American Economic Area
  2. MERCOSUR
    1. MERCOSUR Trade Agreements: Andean Community, Mexico, Peru, Chile, India, Egypt, Israel, the EU, SACU
  3. Mexico-Uruguay Agreement
  4. Uruguay-Gulf Cooperation Council (GCC) Agreement
  5. Andean Community (associate member)
  6. Latin American Integration Association (ALADI)
  7. Union of South American Nations (UNASUR)
  8. Latin American and Caribbean Economic System
  9. Trade Negotiations Among Developing Countries
  10. Global System of Trade Preferences among Developing Countries (GSTP) - accession process
  11. SICA (observer country)

Mexico-Uruguay Free Trade Agreement

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. Agreement on Sanitary and Phytosanitary Measures
    2. GATS
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. TIR Convention (Road Transport, IRU)

Latin American Economic Integration

  1. ECLAC
  2. East Asia-Latin America Cooperation
  3. Summit South American-Arab Countries
  4. Inter-American Development Bank
  5. OAS
  6. Africa-South America Summit
  7. CELAC

Globalization and International Organizations

  1. UN
  2. WB
  3. IMF
  4. CPLP (observer country)

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 Hispanic American Economy
  6. Uruguay has an established a political party system and is the first country in Hispanic America, along with Chile, with the less Corruption Perceptions Index (“Transparency International”)
  7. According to the UN Development Programme, Uruguay is the third country in Hispanic 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 km²
  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).

Christianity and Global Business (Catholicism, Protestantism)

Uruguay belongs to the Hispanic American Economic Area of Western Civilization.


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 Uruguay
  2. The Uruguayan services sector (financial, logistics and transport, and communications) has grown considerably in the recent years
  3. We must emphasize the significant information technology (IT) growth, including the software development and related services
  4. Manufacturing growth (opening of a pulp mill)
  5. 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 GDP per capita in Hispanic America.

Foreign Trade (Importing, Exporting)

International Trade of Uruguay.

  1. Uruguay is the largest software exporter per capita in Hispanic 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

International Trade and Business in Uruguay:
Uruguay Import Procedures

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

(c) EENI Global Business School (1995-2024)
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