<\/p>\n
The trade policy review of Uruguay at the WTO headquarters. (Photo: VNA)<\/p>\n
In its remarks, a Vietnamese representative commended Uruguay for maintaining its status as a high-income economy, with GDP per capita exceeding US$22,000\u00a0in 2024 and an average unemployment rate of 7.5% in 2025 despite global uncertainties and disruptions. These achievements have been underpinned by sound domestic economic and institutional policies as well as the country’s digital transformation efforts.<\/p>\n
Vietnam also welcomed Uruguay’s active engagement in the multilateral trading system as a founding member of the WTO. Uruguay has ratified the Agreement on Fisheries Subsidies, joined the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), and contributed to Joint Statement Initiatives (JSIs) on e-commerce and micro, small and medium-sized enterprises (MSMEs).<\/p>\n
Regarding bilateral trade, Vietnam noted that two-way trade reached US$268.4 million\u00a0in 2025, up 58.4% from the previous year. In December 2025, Vietnam and the Southern Common Market (MERCOSUR), of which Uruguay is a member, announced their intention to formally launch negotiations on a free trade agreement in the near future.<\/p>\n
On the occasion, Vietnam expressed its desire to further strengthen economic and trade cooperation with Uruguay on the basis of mutual benefit and shared development.<\/p>\n