News of 2019

19.09.19

Agribusiness Growth in 2018

Agribusiness Growth in 2018

In 2018, the agribusiness sector had an 80% share of total goods exported by the country in Uruguay and is expected to be the major driver of export growth in 2019.

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19.09.19

Increase in foreign direct investments in Uruguay

Increase in foreign direct investments in Uruguay

Uruguay experienced a 2.8% increase in foreign direct investment in 2018, compared to 2017, totaling 2,702 million dollars. This is explained by the growth of 77.2% of capital contributions and by 62.2% of reinvestment of profits, the latter component being the main source of foreign capital in 2018 (68% of the total).

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19.09.19

Mercosur- European Union Agreement

Mercosur- European Union Agreement

Mercosur managed, in Brussels, to conclude negotiations for the signing of a Strategic Partnership Agreement with the European Union, an unprecedented agreement for both blocks and one of the most important in history worldwide.

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09.08.19

Single Cigarette Packaging

Single Cigarette Packaging

The amparo appeal filed by the tobacco companies Montepaz and La Republicana, against the measures included in a 2017 law concerning the generic packaging of cigarettes, aimed at battling tobacco consumption, was dismissed in Uruguay.

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02.08.19

Recognition to Carrasco International Airport

Recognition to Carrasco International Airport

Carrasco International Airport, Uruguay's main air terminal, was recognized with the 2019 Trazee Travel award as one of the five best in Latin America, as well as the Duty Free Shop Airport.

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02.08.19

OECD Features and highlights Uruguay

OECD Features and highlights Uruguay

The Organization for Economic Cooperation and Development (OECD) presented an updated report on regimes with harmful tax practices and Uruguay had no observations. Years ago, the OECD had announced for example that local free zones were among jurisdictions with “harmful tax incentives” and did not respect the measures to fight evasion promoted by the multilateral agency.

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30.05.19

Uruguayan goods exports on the increase

Uruguayan goods exports on the increase

According to a report issued by Uruguay XXI in April 2019, national goods exports registered an interannual growth of 10.1 percent, totalizing US$ 864 million.

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30.05.19

Credit rating agency ratifies Uruguay’s investment grade

Credit rating agency ratifies Uruguay’s investment grade

Standard & Poor’s (S&P) credit rating agency maintained its rating on Uruguay at BBB, a notch higher than the investment grade, while affirming that the outlook remains stable.

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16.04.19

Uruguay: the best place for business

Uruguay: the best place for business

Considered the gateway to Latin America, Uruguay has been identified by several international corporations as a regional hub to expand their operations. Pepsico, BASF, Trafigura, Sony, UPM, Roche, Danone, and Renault are just a few of the companies that have chosen the country to do business, centralize their production processes, or set up distribution centers.

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