Furthermore, it not only opens more markets, but also strengthens Uruguay‘s strategic position in trade and investment, with benefits that go beyond the immediate.
Montevideo | The entire field | The Center for Development Studies (CED) highlighted that Uruguay’s entry into the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (known as CPTPP or Trans-Pacific), not only open more marketsbut also strengthens Uruguay’s strategic position in trade and investmentwith benefits that go beyond the immediate.
In a thread by reduction of commercial vulnerability by 3.2 points.
Dynamic effects were also generated such as boosting investment, improving employment and all in clearer rules of the game in every sense.
THE CPTPP AND URUGUAY.
The CPTPP is a bloc that brings together 12 countries, with 595 million people, representing 15% of world GDP, 20% of imports and 17% of global exports.
In 2024, the bloc absorbed 7.9% of Uruguayan goods exports, generating US$ 1,025 million in foreign currency.
The main exported products were beef, wood, beverage concentrates and rice.
Entering the block will allow the import of the following products without paying tariffs: vehicles and tractors, pharmaceutical products, audiovisual machines, optical instruments and devices, machines and mechanical devices, plastics, etc.
