The Eastern Republic of Uruguay is a country in South America located to the south of Brazil and the east of Argentina. Uruguay has a total surface area of 176,065 sq.kms for a population of 3,5 million and a GDP of US$56,16 billion (source: France Diplomatie, March 2019).
The Uruguayan economy is very much focused on agriculture and livestock. Primary agricultural products (soy, grains, livestock, forestry) and products from the agri-food industry are its main exports. In recent years, the country’s economy has diversified with the development of industry, commerce, services and tourism. Uruguay has also invested heavily in the renewable energy sector, particularly wind energy. The country mainly trades with China, Brazil, Argentina and the United States.
France also plays an important role in the country’s economy as one of Uruguay’s leading investors. About sixty French companies operate in Uruguay, creating around 8,000 jobs.
In order to meet the needs of its customers on the Uruguayan market, Simon Associés has developed privileged relations with economic and legal partners locally.