Report by the WTO Secretariat

Uruguay has an open trade and investment regime, with few border restrictions and limited use of non-tariff measures. Its trade strategy consists essentially of continuing to liberalize trade and investment both at the multilateral and regional levels. As a small and open economy, Uruguay depends on markets that are free of trade restrictions and distortions, particularly in the agricultural sector which accounts for the bulk of its exports. In the investment area, Uruguay is actively seeking to improve its business environment in order to continue attracting foreign direct investment as a means of supporting economic growth and employment and promoting technology transfer.