Viet Nam 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).

Viet Nam's Permanent Mission in Geneva attended the sixth Trade Policy Review of Uruguay at the World Trade Organisation (WTO) headquarters on June 10 and delivered a statement at the meeting.

In its remarks, a Vietnamese representative commended Uruguay for maintaining its status as a high-income economy, with GDP per capita exceeding 22,000 USD in 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.

Viet Nam 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).

Regarding bilateral trade, Viet Nam noted that two-way trade reached 268.4 million USD in 2025, up 58.4% from the previous year. In December 2025, Viet Nam 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.

On the occasion, Viet Nam expressed its desire to further strengthen economic and trade cooperation with Uruguay on the basis of mutual benefit and shared development./.

Source: Vietnam+

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