URUGUAY has 11 free trade zones in operation and two free trade zones under construction.
The focus of Uruguay's free trade zones is offshoring global operations and services provided under the "outsourcing" or "captive" systems. The free trade zones center on Logistics, BPO (Business Process Offshoring), ITO, KPO (Knowledge Process Offshoring), BFSI (Banking, Financial Services & Insurances) and high value-added industrial activities.
The Executive Director of the Camara de Zonas Francas del Uruguay (CZFUY), Engineer Juan Opertti, emphasized that, "Uruguay stands out as a competitive location for Offshoring & Outsourcing services and global operations, supported by a benchmark legal framework that remains unchanged since 1987."
According to Mr. Opertti, other key elements are: human resources...