Uruguay reported a trade deficit of 1.38bn dollars in the twelve months to April

Thursday, May 22nd 2014 - 01:01 UTC

Full article 2 comments

Uruguay’s goods’ foreign trade in the twelve months to April 2014 reported a deficit of 1.38 billion dollars with exports totaling 10.42 billion and imports 11.185bn, according to the country’s Chamber of Industries Economic Studies Unit based on data from Customs. Read full article

Comments

Disclaimer & comment rules

Klingon
Ok enough with the statistics.
All I can think about is turning those over fed cattle into an asado!
mmmmmm... Vacio, costillas, lomo!!
May 22nd, 2014 - 01:20 am - Link - Report abuse 0
-+
ChrisR
And this is news?

When you have 50% import tax on everything (100% if personal import) PLUS IVA @ 22% on top of everything, including the import tax then the import total is bound to be high, but most of it goes in tax to the government!

The reality is there is no serious manufacturing in Uruguay, again because of taxation and “licensing fees” every six months to cover the “necessary inspections”, etc. I thought running a business was a chore in the UK, but it was child’s play compared to Uruguay.

Plus of course the labour pool is unskilled in the extreme and can only manage menial jobs which means you have to train them up and put up with the fact they will only turn up when it suits them.

All of this brought to you by the various commie governments!
May 22nd, 2014 - 02:21 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!