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URUGUAY is a member of Mercosur, a common market comprising Argentina, Brazil, Paraguay and Uruguay, with a GDP of more than US$2.45 trillion. The country also has free trade agreements (FTA) with Mexico, and with Israel and Egypt via Mercosur.

Uruguay's foreign trade has registered high rates of growth. In 2010, the value of goods exported from the country reached a new high at US$6.7 billion, a 23% increase over the previous year. The total rises to US$8...

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