Uruguay was one of the first Latin American economies which evolved towards an open and unrestricted international trade. Foreign trade, both of goods and of services, and the raising of foreign direct investment have shown a significant dynamism over the last years, with historical volumes.
Since 1991 Uruguay is a member, together with Argentina, Brazil and Paraguay, of the Southern Common Market (MERCOSUR), to which Venezuela joined in 2012. The regional opening process has been complemented by the the signing of international agreements regarding goods, services, government procurement, investments and to avoid double taxation.
In addition to Uruguay's privileged geographical location and very attractive investment schemes, it has entered into thirteen trade agreements which include preference in goods, and three service agreements, which turns it into an excellent point of entry for major economic markets.
The recognized political and social stability of the country, in addition to its macroeconomic soundness and its reliable legal system represent a guarantee for those who decide to invest in the country.
About thirty investment promotion and protection agreements, and thirteen agreements to avoid double taxation, support this decision.Click here to view the full report.