The United States and Uruguay entered into the Trade and Investment Framework Agreement (TIFA) in 2007. The TIFA establishes the Council on Trade and Investment as the primary mechanism for bilateral trade and investment issues. Since 2008, it has included additional provisions on trade facilitation and on environmental consultation.
The Council last met in 2021, and issued a Joint Statement announcing the intention to review the existing TIFA and Protocols and negotiate new and updated provisions. These discussions are ongoing.
Other statements related to bilateral work:
- 2019 Joint Statement – Eighth Meeting of the Council on Trade and Investment
- 2016 Joint Statement – Seventh Meeting of the Council on Trade and Investment
Other trade and investment instruments include:
- TIFA Protocol on Trade Facilitation (2008)
- TIFA Protocol on Trade and Environment Public Participation (2008)
- U.S.-Uruguay Bilateral Investment Treaty (2005)
Uruguay Trade Summary
U.S. total goods trade with Uruguay were an estimated $2.9 billion in 2024. U.S. goods exports to Uruguay in 2024 were $1.6 billion, down 12.3 percent ($231.1 million) from 2023. U.S. goods imports from Uruguay in 2024 totaled $1.2 billion, up 41.3 percent ($358.9 million) from 2023. The U.S. goods trade surplus with Uruguay was $420.2 million in 2024, a 58.4 percent decrease ($590.1 million) over 2023.
