Uruguay Trade Agreements

The Doha Development Round was the next round of trade negotiations that began in 2001 and has still not been resolved after the official 2005 deadline expired. [3] The Mercosur-EU Association Agreement will include, among other things, trade in goods and services, investments, aspects of intellectual property (IPR), including the protection of geographical indications, public procurement, technical barriers to trade and health and plant health issues. THE GATT remains a WTO framework agreement for merchandise trade, updated following the Uruguay Round negotiations (distinction between the 1994 GATT, the updated GATT parts, and the 1947 GATT, the initial agreement that remains the heart of the 1994 GATT). [10] However, the 1994 GATT is not the only legally binding agreement contained in the final deed; a long list of some 60 agreements, annexes, decisions and agreements has been adopted. Indeed, the agreements are part of a simple six-party structure: in 2019, MERCOSUR has also made progress in negotiations with other partners, such as Korea, Canada and Singapore, with a view to concluding trade agreements with markets that represent strong trade potential for both the bloc and Uruguay. MERCOSUR has signed trade agreements with many Latin American countries: Chile (1996), Bolivia (1996), Colombia, Ecuador and Venezuela (2004), Peru (2005) and Cuba (2006). An agreement covering exclusively the automotive sector was signed with Mexico in 2002. Outside the region, Mercosur has signed agreements with Israel (2007), India (2004), SACU (2008), Egypt (2010) and Palestine (2011). Mercosur is also part of the Global System of Trade Preferences between Developing Countries (GSTP), which has been in force in Uruguay since 2005. The SACU, Egypt and Palestine agreements have not yet entered into force.

The country`s recognized political and social stability, coupled with the macroeconomic strength and reliability of its judicial system, is a guarantee for those who decide to invest in the country. Nearly thirty investment promotion and protection agreements and thirteen conventions aimed at avoiding double taxation ratify this decision. The 1986 Ministerial Declaration highlighted problems such as structural deficiencies, the impact of policies in some countries on the gatt. It was in Punta del Este (Uruguay) in September 1986 that the eighth round of the GATT (known as the Uruguay Round) was launched to address these issues. [5] This was the largest negotiating mandate ever concluded: the discussions aimed to extend the trading system to several new areas, including trade in services and intellectual property, and to reform trade in the sensitive sectors of agriculture and textiles; All of the original GATT articles have been reviewed [2] The main principles that investors seek in these agreements are reflected in the current agreements. The scope of the agreements signed by Uruguay is broad and offers maximum guarantees to those who choose to invest in the country. All agreements signed by Uruguay guarantee foreign investors certain principles such as the most favoured nation clause, fairness and equal treatment provisions, expropriation clauses and not restrictions on transfer clauses. Similarly, all investment agreements signed by Uruguay contain provisions relating to the settlement of disputes between an investor and the state in which the investment is made, and between states, including the possibility of taking the matter to an international tribunal by an investor who has an appeal against the state.

The 20 agreements were signed in Marrakech in April 1994, the Marrakech agreement.