National investment seeking the tax incentive benefits scheme sponsored by Law 60/90 will implement eight projects worth US$18 million in 2014. It is expected that the projects will generate 112 jobs meeting the requirements of the regime, i.e. use of raw materials and national energy resources, import substitution, export promotion, incorporation of modern technology and increased production of goods and services

According to data published by the Ministry of Industry and Trade the highest numbers of the incipient Paraguayan economy are coming from the subcontracting industry under the Maquila regime and the investments made under the umbrella of the Investment Incentives regime of Law 60/90. The US$160 million ceiling of exports in 2013 is set to be greatly exceeded in 2014.

Investments under the maquila scheme increased 204% during the first eight months of the new government term, when compared to the same period last year and 17 new maquila programs were approved for an amount of US$ 47 million.

Companies operating under this scheme are in the top 10 brands doing business in Paraguay, a significant fact that denotes a real and strong interest to promote investment in the country.

Maquila exports increased by 39% always compared to the same period last year.

The most profitable lines continue to be leather products, textiles and auto parts which are also the sectors that most mobilize human resources and create jobs.

National investment seeking the tax incentive benefits scheme sponsored by Law 60/90 will implement eight projects worth US$18 million in 2014. It is expected that the projects will generate 112 jobs meeting the requirements of the regime, i.e. use of raw materials and national energy resources, import substitution, export promotion, incorporation of modern technology and increased production of goods and services.