Main Export Partners(2007):
Exports:$6 billion f.o.b. (2008 est.)
Imports:$7 billion f.o.b. (2008 est.)
Ports and Terminal: Montevideo
Unemployment rate:7.6% (2008 est.)
Government Type:Constitutional republic
Chief of state: José Mujica
Note - the president is both the chief of state and head of government
Cabinet: Council of Ministers appointed by the president with parliamentary approval
Elections: president and vice president elected on the same ticket by popular vote for five-year terms (may not serve consecutive terms); election last held 31 October 2004 (next to be held in October 2009)
Legal system: Based on Spanish civil law system; accepts compulsory ICJ jurisdiction
Land Boundaries:total: 1,648 km
Climate:Warm temperate; freezing temperatures almost unknown
Terrain:mostly rolling plains and low hills; fertile coastal lowland
Signed, but not ratified: Marine Dumping, Marine Life Conservation
Montevideo, founded by the Spanish in 1726 as a military stronghold, soon took advantage of its natural harbor to become an important commercial center. Claimed by Argentina but annexed by Brazil in 1821, Uruguay declared its independence four years later and secured its freedom in 1828 after a three-year struggle.
The administrations of President Jose BATLLE in the early 20th century established widespread political, social, and economic reforms that established a statist tradition. A violent Marxist urban guerrilla movement named the Tupamaros, launched in the late 1960s, led Uruguay's president to cede control of the government to the military in 1973. By yearend, the rebels had been crushed, but the military continued to expand its hold over the government.
Civilian rule was not restored until 1985. In 2004, the left-of-center Frente Amplio Coalition won national elections that effectively ended 170 years of political control previously held by the Colorado and Blanco parties. Uruguay's political and labor conditions are among the freest on the continent.
Source: The world factbook www.cia.gov
>>Search for business opportunities in Uruguay, click here B2B Portal
>>Learn about etiquette in Uruguay, click here Etiquette Uruguay
>>Find Embassies and Consulates in Uruguay, click here Embassy Uruguay
>>Find the latest Trade Agreements with Uruguay, click here Uruguay Trade Agreements
>>Get our FREE e-book about business in Latin America. Register now!