During the opening of the XXVIII Ibero-American Free Trade Zone Conference, Uruguayan President Yamandú Orsi emphasized the positive impact on the local economy of this model.

The president stated, “This is a model that has enormous strength worldwide today,” and referred to the role of free trade zones in investment and employment in Uruguay.

During his tenure as mayor of Canelones (southern Uruguay) from 2015 to 2024, Orsi witnessed firsthand how free trade zones generated “many jobs.”

In the South American nation, “they represent almost 7 % of Uruguay’s Gross Domestic Product, generated more than 66,000 direct and indirect jobs, and account for a third of the country’s exports,” according to figures from the Chamber of Free Trade Zones.

M.Pino

Source: xinhua

(Reference image source: Alex Teixeira on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Free trade zones have a positive impact on Uruguay’s economy apareció primero en Bitfinance.