Asunción, Agencia IP.- On September 8th, Paraguay celebrates «National Industry Day» for the first time with an investment grade rating and conditions promising a leap toward industrialization, as President Santiago Peña and Minister of Industry and Commerce (MIC) Javier Giménez noted. The President highlighted the investment grade and negotiations with Brazil regarding using Paraguay’s electricity […]
Asunción, Agencia IP.- On September 8th, Paraguay celebrates «National Industry Day» for the first time with an investment grade rating and conditions promising a leap toward industrialization, as President Santiago Peña and Minister of Industry and Commerce (MIC) Javier Giménez noted.
The President highlighted the investment grade and negotiations with Brazil regarding using Paraguay’s electricity as key points for advancing industrial development.
The industrial sector currently represents 20% of the Gross Domestic Product (GDP) and employs around 310,000 people directly. «We know it can contribute much more because it still has enormous potential to be realized,» said Minister Giménez.
The Ministry of Industry and Commerce (MIC) emphasizes agricultural production at an industrial level, with measures to promote biodiesel production, which has increased by 383%, and Taiwan’s zero tariffs on 17 products, including pork, which has seen a 71% increase in revenue so far this year.
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