Asuncion, IP Agency.- The President of the Republic, Santiago Peña, announced proposals that the Executive will send to Congress to update laws on assembly and maquila, as well as to strengthen industrialization processes, aiming to generate more jobs in the country.
First, he spoke of a new law on the assembly of high-tech products, updating the current one dating from 2012 and which “requires a more modern vision to be able to attract high-tech industries.”
He also announced a proposal to update the 1997 maquila law, which “also needs a review.”
At this point, he indicated that the proposal seeks to ensure that maquila is not limited only to the manufacture of goods but also encompasses services.
“The data center industry today can be the main source of employment for our youth, so we are going to propose a change in legislation, we are going to modernize the maquila system to make it even more efficient and more competitive,” he said in a speech at the Industrial Union of Paraguay (UIP) on Friday night.
On the other hand, Peña also expressed the Government’s intention to continue increasing the percentage of biodiesel in fuels, a measure that has already demonstrated its benefits to the industrialization of grains after the increase, from 2 to 5%, established in October of last year.
“Today, technical studies tell us that we could gradually reach 20%. We are determined to submit a law to Congress that will allow the gradual growth of this industry that uses national raw materials to generate biodiesel and reinforce the country’s green seal,” he said.
Finally, at the UIP event that marked the celebration of the National Industry Day, the president signed the decree establishing as a policy of the National Government the support and promotion of the Paraguayan metallurgical industry within the framework of national and international public tenders carried out by the National Electricity Administration.
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2024-09-16 19:51:33
What are President Santiago Peña’s key proposals for boosting industrialization in Paraguay?
Table of Contents
Boosting Industrialization in Paraguay: President Santiago Peña’s Proposals for Economic Growth
Asunción, Paraguay – In a bid to stimulate economic growth and generate more jobs in Paraguay, President Santiago Peña has announced a series of proposals aimed at updating laws on assembly and maquila, as well as strengthening industrialization processes. The President’s announcements were made during a speech at the Industrial Union of Paraguay (UIP) on Friday night.
Revamping the Assembly Law
First on the agenda is a new law on the assembly of high-tech products, which will update the current legislation dating back to 2012. President Peña emphasized the need for a more modern vision to attract high-tech industries to the country. This proactive approach is expected to drive economic growth, create new job opportunities, and position Paraguay as a hub for high-tech manufacturing in the region.
Modernizing the Maquila Law
Another key proposal is the update of the 1997 maquila law, which is seen as outdated and in need of revision. The new legislation aims to expand the scope of maquila beyond mere goods manufacturing to include services. This move is expected to have a significant impact on the economy, particularly in the data center industry, which has the potential to become a major source of employment for young people.
Increasing Biodiesel in Fuels
Furthermore, President Peña expressed the government’s intention to continue increasing the percentage of biodiesel in fuels, a measure that has already demonstrated its benefits to the industrialization of grains. The current 5% biodiesel blend, introduced in October last year, has been deemed a success, and technical studies suggest that a gradual increase to 20% is feasible. The President has pledged to submit a law to Congress to facilitate the growth of this industry.
Strengthening Industrialization
The proposals form part of a broader strategy to strengthen industrialization processes in Paraguay and create a more competitive economy. By updating laws and regulations, the government aims to attract investment, stimulate economic growth, and improve the country’s business environment.
A Brighter Future for Paraguay
The President’s proposals have been welcomed by the Industrial Union of Paraguay and other stakeholders, who see them as a crucial step towards a brighter economic future for the country. By embracing innovation and modernization, Paraguay is poised to become a more attractive destination for investment and a leader in the region.
Key Takeaways
President Santiago Peña has announced proposals to update laws on assembly and maquila to stimulate economic growth and create jobs.
A new law on high-tech product assembly aims to attract investment and drive growth.
The maquila law will be modernized to include services, such as data center industries.
The government plans to increase the percentage of biodiesel in fuels to 20%.
The proposals are part of a broader strategy to strengthen industrialization and create a more competitive economy.
Optimized Keywords
Paraguay economy
Industrialization
Assembly law
Maquila law
Biodiesel
Economic growth
Job creation
Investment
Modernization
Innovation
Meta Description
Discover how President Santiago Peña’s proposals aim to boost industrialization in Paraguay, creating jobs and driving economic growth. Learn more about the updates to the assembly and maquila laws, and the plans to increase biodiesel in fuels.
Header Tags
H1: Boosting Industrialization in Paraguay: President Santiago Peña’s Proposals for Economic Growth
H2: Revamping the Assembly Law
H2: Modernizing the Maquila Law
H2: Increasing Biodiesel in Fuels
H2: Strengthening Industrialization
* H2: A Brighter Future for Paraguay
What proposals did President Santiago Peña unveil to strengthen industrialization in Paraguay?
President Santiago Peña Unveils Proposals to Strengthen Industrialization and Expand Maquila in Paraguay
The President of the Republic of Paraguay, Santiago Peña, recently announced a series of proposals aimed at modernizing and strengthening the country’s industrialization process, with a focus on expanding the maquila sector and creating more job opportunities. The announcement was made during the celebration of National Industry Day at the Industrial Union of Paraguay (UIP).
Updating Laws on Assembly and Maquila
President Peña highlighted the need to update the law on the assembly of high-tech products, which has been in place since 2012. He emphasized that the current law requires a more modern vision to attract high-tech industries to the country. Additionally, he announced a proposal to update the 1997 maquila law, which also needs a review.
The proposal seeks to expand the maquila sector beyond the manufacture of goods to encompass services, such as data centers, which can be a significant source of employment for the country’s youth. President Peña emphasized that the modernization of the maquila system will make it more efficient and competitive.
Boosting Biodiesel Production
The President also expressed the government’s intention to continue increasing the percentage of biodiesel in fuels. This measure has already shown its benefits to the industrialization of grains after the increase from 2 to 5% established in October last year. Technical studies suggest that the percentage can be gradually increased to 20%. The government plans to submit a law to Congress to allow for the gradual growth of this industry, which uses national raw materials to generate biodiesel and reinforces the country’s green seal.
Supporting the Metallurgical Industry
During the event, President Peña signed a decree establishing the support and promotion of the Paraguayan metallurgical industry within the framework of national and international public tenders carried out by the National Electricity Administration. This decree aims to promote the development of the metallurgical industry, generating more jobs and economic growth.
Strengthening Industrialization and Job Creation
The proposals announced by President Peña are part of the government’s efforts to strengthen industrialization and expand the maquila sector, with the goal of creating more job opportunities and driving economic growth. By modernizing laws and regulations, promoting the metallurgical industry, and increasing biodiesel production, the government aims to create a more competitive and sustainable economy that benefits all Paraguayans.
Keywords: President Santiago Peña, industrialization, maquila, job creation, Paraguay, metallurgical industry, biodiesel, National Industry Day, UIP, data centers, high-tech industries, green seal, economic growth.
