Uruguay and Argentina approved this week conditions to begin dredging the River Plate Martin Garcia access channel, an ongoing dispute of over ten years that seriously constrained Uruguay’s ports development, according to reports in the Montevideo media.
Foreign Direct Investment, FDI, in Uruguay was record in 2010 with 2.35 billion dollars (47.8% higher than in 2009) according to the latest report on global investment from the UN Conference on Trade and Development, UNCTAD. FDI represented 30.5% of total gross investment in Uruguay last year.