EU envoy: Uruguay is a strategic partner, not just a trade one

Uruguay is far more than a trading partner to the European Union; it is a strategic and reliable ally, according to the EU's ambassador to Montevideo, Petros Mavromichalis. Speaking at an event organized by the Union of Exporters, Mavromichalis highlighted Uruguay's solid institutions, clear regulations, and modern development vision as key factors in the strong relationship.

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From the EU, we see Uruguay as much more than a trading partner. We see it as a strategic and reliable partner. A country with solid institutions, clear rules, a modern vision of development, a country with which we share fundamental values.

The ambassador emphasized that the bond between the EU and Uruguay is currently experiencing one of its most significant moments, with economic and commercial ties growing steadily. He noted that annual bilateral trade surpasses 3.7 billion euros. Furthermore, the EU remains Uruguay's primary foreign investor, contributing 13.7 billion euros, which accounts for 46% of the country's total foreign direct investment.

Mavromichalis pointed out that these figures represent more than just economic transactions. They signify job creation, technological innovation, sustainable development, and long-term confidence. European companies have actively supported Uruguay's growth in strategic sectors such as forestry, renewable energy, logistics, the food industry, and global services.

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These figures represent much more than just trade or investments: they represent employment, innovation, technological transfer, sustainable development, and long-term confidence.

Uruguay, in turn, has proven to be a dependable supplier of high-quality products to the European market. In 2025, approximately 14% of Uruguayan exports, including those from free trade zones, went to the EU. Key exports include cellulose, beef, rice, wood, and wool. The ambassador concluded by describing the EU-Mercosur agreement as a historic turning point and a crucial step towards a more open, predictable, and rules-based global economy, especially in the face of international geopolitical tensions and protectionism.

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It is much more than a trade treaty. It is a strategic opening for a more open, predictable world based on clear rules. In an international context marked by geopolitical tensions, protectionism, and uncertainty, Europe and Uruguay are sending a clear message: we believe in cooperation, integration, and trade as engines of prosperity and development.