BY JOACHIM BAMRUD
Uruguay may not get the same attention as its larger neighbors in Mercosur, but it has a good story to tell: The South American country ranks among Latin Americas best countries when it comes to business environment, economic and political freedom and transparency.
"There are many advantages for doing business in
Last, but not least, is the large potential for rapid growth eucalyptus trees, which are used to produce pulp and paper. The combination of eucalyptus and attractive local conditions have lured not only Botnia, but also other pulp producers such as Spain-based Ence and Swedish-Finnish Stora Enso. Combined, the three pulp producers are investing nearly $3 billion in Uruguay over the next eight years and generating more than 6,000 direct jobs.