t difficulties.It is a well-known fact that the four national economies are closely interrelated. In the case of Uruguay, 44% of its exports and a similar percentage of its imports are MERCOSUR-based. This gives an idea of what Uruguays situation would be, should it not belong to MERCOSUR. Moreover, in a growing globalized economy, negotiations are carried out between large economic blocks, and the opportunities for independent action by our country are very slim.25. Is Uruguay prepared to participate fully in MERCOSUR? There is a long history, both within the public and private sectors, of efforts made towards integration that started around 1960 when ALALC was created by the Treaty of Montevideo.Since then, Uruguay has been a staunch supporter of regional integration. This commitment has earned Uruguay the right to be the seat of the two principal regional organizations: ALADI and MERCOSUR. This is both a distinction and a privilege.29. How does the mechanism for the annual reduction of import duties function? Argentina and Brazil granted an initial reduction on January 1, 1995. In January 1996 the reduction was of 25%. Further reductions will be: 50% by January 1997; 75% by January 1998; and duties will be completely eliminated by January 1, 1999.For Paraguay and Uruguay the scale is similar except that it runs one year longer. That is to say that the initial reduction started on January 1, 1996 and the successive reductions to 25%, 50% and 75% are scheduled for January 1997, January 1998 and January 1999, respectively. Total elimination of duties will be on January 1, 2000.This system is called "Final Adaptation Regime to the Customs Union." The reductions are applied to the total nominal tariff of each country as of August 5, 1994. No other tariff or non-tariff barriers will be applicable to the products included in this Regime.About the Uruguayan Economy153. What was GDP share of the main sectors during the years 1991-1993? Agricu...
