Sandwiched between Brazil and Argentina, Uruguay’s geography and import-friendly regulations make it an attractive entrypoint for those looking to develop South American business

With open-market policies and a strategic location within South America, Uruguay could well be an attractive platform for foreign marine product manufacturers looking to expand in the region. Bordering the Atlantic Ocean, its closest neighbours are Argentina to the southwest, and Brazil to the northeast. This location, combined with the country’s world-class port facilities, have positioned Uruguay as an important gateway to the Common Market of the South (Mercosur) free-trade area.

Uruguay is the second smallest country in South America after Suriname, with a population of just over 3.3 million, which means its boating potential may be limited by shere demographics. However Uruguayans are keen enough boaters resulting over the last couple of years in an increase of boat and marine equipment sales.

Note: This is an excerpt of the Uruguay market report featured in IBI magazine Issue 397 (December/January). IBI Plus subscriber can visit plus.ibinews.com and download the full report.