As South America’s second-smallest country, Uruguay is bordered only by Brazil and Argentina but the country packs a huge technological punch. Consequently, the country has become synonymous with ICT development.
Central and South America has a reputation for its harsh trade compliance landscape. Posing bureaucratic and intrinsic hurdles that can seem impossible to surmount for companies without a local presence. Success rates for import into Uruguay are low. When it comes to dual-use goods, these odds dwindle significantly unless you enlist the services of an Importer of Record (IOR) and trade compliance specialist.
Trade compliance for tech gear in Uruguay is complex and evolving, with a growing focus on risk management and regulatory enforcement. Businesses importing into Uruguay must be aware of the latest trade regulations and implement effective compliance programs to avoid penalties and reputational damage.
Areas such as the classification of goods, import licensing, and technical regulations are some of the key stumbling blocks for importers in the region.
