MercoPress. South Atlantic News Agency
Uruguay exports in 2012 reach 8.7bn dollars, a new numerical record
Uruguay exports increased 9% last year over 2011 reaching 8.751 billion dollars a numerical historic record according to the primary figures released by the Instituto Uruguay XXI, a government funded organization to promote foreign trade. Soybeans, beef and rice remain as Uruguay’s main export items. Read full article
Comments
Disclaimer & comment rules20% increase 2010 - 2011: 8.75% increase 2011 - 2012.
Jan 03rd, 2013 - 08:19 pm - Link - Report abuse 0When you consider that in the last 18 months the USD has slid by 20% itself against the UYU Pesos MP are quite correct to put the headline as they have.
It could easily have been worse.
Unless the government starts tackling the problems of fiscal drag that they themselves have caused AND ARE STILL CAUSING the figure for 2012 - 2013 is going to be a real disappointment.
Of course it may be too late given the time lag between actions taken and results obtained that are typically experienced with decisions such as those required here.
I hate to repeat myself but the huge increase in government employees that Pepe has presided over needs to be pulled back and then some.
It would be nice to think that those people transferred to the private sector would be able to increase significantly the nascent 11% contribution from the Freezone.
Bear in mind also the win-win situation when a government employee is transferred to the private sector: they become an ASSET not a DRAG on the economy.
Well done Uruguay =) Totally unnecessary dig at Cristina and Argentina of course, but I suppose that's to be expected here...
Jan 07th, 2013 - 06:46 pm - Link - Report abuse 0no one “digs” at Uruguay worse than Argentina/Cristina. worst neighbors EVER
Jan 10th, 2013 - 07:09 am - Link - Report abuse 0Commenting for this story is now closed.
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