Portuguese entrepreneurs consider settling in Paraguay
The Portuguese Footwear, Components, Leather Goods Manufacturers’ Association (APICCAPS) and executives from Portuguese companies visited various factories in Ciudad del Este. Interested in the opportunities that the department offers, they were able to learn about the area, industrial parks and investment possibilities.
The interest in this geographic area arises from the high electricity costs and tax burdens in Portugal. They are thus analyzing the convenience of establishing themselves in Paraguay to access regional markets.
The delegation was accompanied by the Chamber of Entrepreneurs of Ciudad del Este and Alto Paraná, according to local media reports.