On February 24th, Luis Alberto Castiglioni, Minister of Industry and Trade (MIC) of Paraguay, and representatives of Conarpesa, a large-scale red shrimp fishing and export company in Argentina, and large-scale seafood fishing and export in Spain Representatives of the company Wofco held talks. The two companies intend to invest in Paraguay to open seafood processing plants and export processed products to the Chinese, Spanish and American markets.
Paraguayan News Agency reported that according to the Paraguayan Ministry of Industry and Trade, the total investment in the seafood processing plant is between US$12 million and US$15 million. The location is located in Mariano Roque A, Central Province. In Mariano Roque Alonso, the processing workshop covers an area of about 5,000 square meters, and the cold storage covers an area of about 3,000 square meters. After the seafood processing plant is put into operation, it can provide 220 jobs for the local area.
Conarpesa Enterprise Representative Lucio Tortosa (Lucio Tortosa) said that Paraguay has huge investment attractiveness in terms of taxation policies and energy prices. They will join forces with Spanish company Wofco to invest in Paraguay for seafood processing Factory, and sell processed products to the Chinese, Spanish and American markets.
In addition, during the meeting, Castiglioni specifically emphasized the Paraguay Law No. 60/90, which provides convenient conditions for foreign investors to invest in China.