After the global crisis that began in 2008 and was mainly in developed countries, Paraguay is emerging as one of the most attractive countries for investment, highlights the outcome of "New Model Development," prepared by the Development Council Industry and Commerce. The document prepared under the coordination of the Development Council of Industry and Commerce says its "strategic location" in the region today is a big plus for Paraguay, less than 1,500 km of the main urban centers of the region, such as Sao Paulo and Rio de Janeiro in Brazil and Buenos Aires in Argentina. Also said to be in a position equidistant from the two oceans, which has potential to become a "multimodal logistics center" that links trade between the main production centers and ports on both oceans. Refine in the project of creating a bi-oceanic corridor, through the IIRSA initiative, the country is in a "strategic position". Regarding the current global context, the paper notes that countries and regions already developed traditionally (USA, Canada, European Union, Japan, Australia and New Zealand) show weak economic performance, while the group of countries known emerging-including broadly to the four tigers of Southeast Asia: Hong Kong, South Korea, Taiwan and Singapore, as well as China, India, Brazil, Russia, South Africa, Malaysia, Indonesia, Thailand, among others, is experiencing a rapid growth implies strong global demand for food that produces Paraguay. Regional Context In relation to the regional context, the study noted that Paraguay is presented as an attractive option for industries of Argentina and Brazil to locate part of its production processes and increase competitiveness through lower production costs that can be achieved in the Paraguay. He notes that, for the specific case of Brazil, this is an "important option" to counter the continuing loss of competitiveness of the industrial sector against lower-cost Asian competitors, who have won a larger share of its domestic market. This trend is reinforced by the excellent performance of agribusiness, has involved a process of regression Brazilian industrial sector in terms of its share of the gross domestic product (GDP). Taxation Referring to the Paraguayan tax system, the document notes that in relation to neighboring countries, "is a powerful incentive" for the establishment of investments by regional and global companies. In this sense, it indicates that our rates of value added tax, the general rate of corporate income tax and personal income are all 10%. Note that it should be the "utmost caution" in the creation of new taxes or the modification of existing ones, in order not to spoil one of the main incentives for filing Paraguay capital, considering that high tax burdens and social security have stagnated advanced economies.
Posted on: Fri, 23 Aug 2013 22:26:30 +0000
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