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Automotive sector
Why invest in the Uruguayan automotive sector?
The country has access to an expanded market of over 400 million people.
In this regional sphere, ...
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Why invest in the Uruguayan automotive sector?
- The country has access to an expanded market of over 400 million people.
- In this regional sphere, Uruguay has free access to the Argentine and Brazilian markets for products from the automotive sector, with origin regimes for exports to both countries with zero tariffs.
- A Free Trade Agreement with Mexico was also signed in 2003, allowing Uruguayan automotive products to enter that country at zero tariff.
- Important benefit for vehicle assembly companies. Exemption from the extra-zone and intra-zone Global Tariff Rate for SKD Kits and CKD Kits for vehicle assembly.
- Uruguay has extensive experience in vehicle assembly and in the manufacture of auto parts. Several vehicle assembly plants and auto parts manufacturers have been set up in Uruguay, both of national and foreign capital. There are currently more than 30 companies operating, several of which have international quality certification.
- The Uruguayan automotive industry has important companies such as PSA, Joyson Safety Systems, Yazaki, Affinia, Bader, Faurecia, Fischer and JBS, some of which supply the regional and global market from industrial plants located in Uruguay.
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