Nepal and the Oriental Republic of Uruguay established diplomatic relations on 18 April 2012 at the non-resident ambassadorial level. The Embassy of Nepal in Brasilia, Brazil is currently accredited to Uruguay and, likewise, the Embassy of Uruguay in New Delhi, India is accredited to Nepal.
Nepal’s relations with Uruguay are marked by friendship and cordiality. Contacts between the two countries primarily take place in the international fora such as in the United Nations and the NAM. Both the countries believe that the UN should be strengthened and play an increasingly active role in maintaining peace and stability in the world.
Trade and Investment
The size of interactions on trade, investment and tourism between Nepal and Uruguay is moderate at the moment. Some of the commodities imported by Nepal from Uruguay are oil seeds, animal or vegetable fats, chemicals etc. Nepal exports articles of leather, carpet and textiles to Uruguay. Trade volume for the last few years is shown in the table below:
In USD
Year | Export | Import | Balance |
2015 | 13992 | 754061 | -740069 |
2016 | 62943 | 4015402 | -3952459 |
2017 | 25986 | 0 | 25986 |
2018 | 25395 | 96801 | -71406 |
2019 | 2347 | 0 | 2347 |
(Source: TEPC)
August 2020