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Delgado: Free zones contributed to the country’s development and diversified exports

  • Secretary of the Presidency, Álvaro Delgado, participated in the celebration of the 100 years of the free trade zone regime in Uruguay.
  • Currently, there are 12 free trade zones in operation, which generate 6% of the GDP and 21,000 quality jobs.
  • Delgado highlighted the importance of continuing to strengthen this “State policy” and adapting it to the current times.
  • Free trade zones have contributed to national development, attracting investments, creating quality jobs, and diversifying exports.
  • There are currently 12 free trade zones in operation and 3 authorized ones.
  • These zones have attracted 1,200 companies and generated 21,000 direct jobs.
  • The challenge is to improve the regime, increase competitiveness, improve regulations, and reduce costs.
  • Uruguay is at the forefront in the technological services sector, which is a significant part of its exports.
  • The goal is to generate new development opportunities and adapt to future times.

Source: gub.uy

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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