Uruguay
About Uruguay
Uruguay is a South American country known for its verdant interior and beach-lined coast. The capital, Montevideo, revolves around Plaza Independencia, once home to a Spanish citadel. It leads to Ciudad Vieja (Old City), with art deco buildings, colonial homes and Mercado del Puerto, an old port market with many steakhouses. La Rambla, a waterfront promenade, passes fish stalls, piers and parks.
Country Name: Uruguay
Region: South America
Capital: Montevideo
Official Language: Spanish
Currency: Uruguayan peso (UYU)
Population: (update to current data)
Time Zone: Uruguay Time (UYT)
Major Cities: Montevideo, Salto, Ciudad de la Costa, PaysandĂș, Las Piedras
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Trade Overview:
Uruguay’s economy is characterized by an export-oriented agricultural sector, a well-educated workforce, and high levels of social spending. It is a significant exporter of beef, soybeans, cellulose, rice, and dairy products.
Major Imports: Refined petroleum, cars, packaged medicaments, pesticides, delivery trucks
Major Exports: Beef, soybeans, rice, cellulose, dairy products
Import/Export Regulations:
Uruguay maintains a relatively liberal trade regime, but certain goods may require specific permits or licenses.
Trade Agreements:
Uruguay is a member of the Southern Common Market (MERCOSUR).
Business Culture:
Business culture in Uruguay is conservative and somewhat formal. Meetings usually start with small talk, and building relationships is important.
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